Reviewed by Lea D. Uradu Fact checked by Vikki Velasquez Tax havens have been known to greatly reduce or even eliminate taxes that would have otherwise been due if not for their placement in offshore ...

which discouraged the use of traditional tax havens with zero or extremely low tax rates, such as those in the Caribbean. Ireland, with its still relatively low corporate rate of 12.5 percent ...

While the government seeks to downplay the impact, the country faces concerns about its reputation as a corporate tax haven. Ireland has been a popular destination for multinational corporations ...