By Padraic Halpin DUBLIN (Reuters) - Ireland is in the firing line from Washington again for luring U.S. companies to its shores for tax benefits, but despite contrite noises coming from Dublin, it has too much to lose to discourage U.S. firms bent on shifting their tax domiciles. Ireland's low corporate tax rate of 12.5 percent is a natural lure for U.S. companies looking to set up an overseas hub, and for Dublin the pay-off is new jobs, but in so-called inversion deals the company then switches its overall tax domicile from the United States, where the rate is 35 percent, to its new home. The surge in such deals, which are typically effected by purchasing an overseas company - which does not then necessarily create any new jobs - drew the ire of President Barack Obama last week, who singled out Ireland for criticism. Ireland's government has responded by saying it is looking at ways of stopping the transactions, but lawyers and tax advisors who work for multinationals such as Intel , Pfizer and Google say little can be done without putting at risk a model specifically designed to lure foreign companies.
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