Through gritted teeth Ireland agreed to raise its long held Corporation Tax rate from 12.5% to 15% for large companies as part of the agreed OECD tax rules. But Donald Trump has now removed the US from that scheme entirely, placing its global implementation. On top of that he’s now talking about punishing countries that charge American companies higher tax rates as well as creating an External Revenue Service. It all points to a major upheaval in how companies and governments will operate going forward and puts pressure on the EU especially because Trump believes that that Europe is treating America ‘very badly’. Speaking to Joe this morning was Andy Bounds Brussels Correspondent with the Financial Times.

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“What did the council decide on item 42?” — answered with the speaker and the moment.