Irish corporate tax system most efficient in Europe, study says

Ireland has the most efficient corporate tax system in Europe with the least red tape, according to a study from PwC and the World Bank. The report found that the effective corporate tax rate in Ireland – the amount of tax paid as a percentage of profits – was 12.4 per cent, close to the Read more about Irish corporate tax system most efficient in Europe, study says[…]

Food ministry recommends raising edible oil import taxes

(Reuters) – India’s food ministry wants to double the import tax on crude edible oils and raise that on refined oils by 50 percent, but is waiting for other ministries to give their views before passing its recommendation to the cabinet, the food minister said. The world’s biggest vegetable oil importer levies a 2.5 percent Read more about Food ministry recommends raising edible oil import taxes[…]

Ireland to abolish controversial ‘double Irish’ tax arrangement

Ireland has officially announced the phased abolition of its controversial “double Irish” tax scheme that has enabled multinationals such as Apple to dramatically cut down their tax bills. The arrangement, which has drawn the wrath of the US Senate as well as the Republic’s EU partners, helped global corporations to move most of their taxable Read more about Ireland to abolish controversial ‘double Irish’ tax arrangement[…]

Apple ‘forced sweetheart tax deal with jobs threat’

Carl Levin, a powerful member of the US Senate, said yesterday that the tax rate levied on the computer giant was based on what it was prepared to accept. The comments came after the European Commission (EC) accused Ireland of striking a tax arrangement with Apple that was based on keeping jobs but gave the Read more about Apple ‘forced sweetheart tax deal with jobs threat’[…]

OECD takes aim at Irish tax loopholes in new report (16/09/2014)

Thomas Molloy, Published: 16/09/2014 The Paris-based Organisation for Economic Co-Operation and Development specifically criticises measures such as the so-called ‘Double Irish’ which allows technology companies to avoid taxes by shifting taxes from operations here to tax havens such as Bermuda. The tech companies avoid taxes by having the intellectual property involved held by tiny Irish-registered Read more about OECD takes aim at Irish tax loopholes in new report (16/09/2014)[…]

Ireland ‘punches above its weight’ but over relies on multinational royalties

Apple Ireland is over reliant on royalty fees booked by multinational companies that pass through the country without always creating much in the way of local jobs or productive investment, leading management consultancy McKinsey has warned. The country “has long punched above its weight” in attracting foreign direct investment (FDI), it said. However, three-quarters of Read more about Ireland ‘punches above its weight’ but over relies on multinational royalties[…]

Property tax proceeds to be reallocated to some councils (04/09/2014)

Fiach Kelly, Arthur Beesley, Published: 04/09/2014 Government grants to authorities in Dublin and better-off areas to be cut and directed elsewhere Government grants to local authorities in Dublin and better-off areas, such as Cork and Galway, will be cut and directed elsewhere under plans to be announced today. Minister for the Environment Alan Kelly will Read more about Property tax proceeds to be reallocated to some councils (04/09/2014)[…]