Ireland

Jim Stewart, an Adjunct Professor in Finance at Trinity Business School, Trinity College, Dublin, writes that Irish budget 2018, released today, proposes to limit deductions for intellectual property expenditures, but contains few other changes directly affecting the Irish corporate tax regime . . .

Mary Cosgrove, National University of Ireland, discusses Finance Bill 2017, released October 19, which, when enacted, will give legal effect to the measures announced in the Minister’s Budget . . .

Aisling Donohue, a tax partner with mgpartners, Dublin, in her review of the tax announcements in Ireland’s October 13 budget, warns that Ireland’s forthcoming knowledge development box may not withstand judicial scrutiny.

The Irish government on October 23 published Finance Bill 2014, which gives effect to the taxation-related measures previously announced in the government’s 2015 budget.  

Included are changes to Ireland’s company residence rules which slowly close the “double Irish” corporate tax loophole. Beginning January 1, 2015, all . . .

Irish tax proposal will not eliminate “double Irish,” say attorneys: Even if Ireland eliminates the Irish incorporated non-resident company, the tax benefits of the “double Irish Dutch sandwich,” can still be achieved by setting up a Irish company managed and controlled in Malta or the UAE instead of a Caribbean nation under Ireland’s existing tax treaties with those nations, write Jeffrey L. Rubinger and Summer Ayers LePree of Bilzin Sumberg Baena Price & Axelrod LLP in an October 23 website post. See, Bilzin Sumberg.

James Stewart, an associate professor of finance at Trinity College, Dublin, analyzes today’s Irish budget announcements, noting that the planned introduction of a knowledge development box may trigger changes to MNEs’ organizational and tax strategies.