News on the Corporate Tax Haven front for Ireland:
You can follow the trend of links to various articles on Irish corporate tax status and scandals from here: http://trueeconomics.blogspot.ie/2013/10/4102013-tax-haven-ireland-is-trending.html
- On foot of Budget 2014 removing one of the more visible tax loopholes: http://gigaom.com/2013/10/16/ireland-will-shut-apples-tax-holy-grail-but-leave-loopholes-wide-open/
- A link to the paper arguing why Ireland is not a tax haven: http://www.esr.ie/article/view/78
- Official Department of Finance paper on Ireland's international tax strategy: http://budget.gov.ie/Budgets/2014/Documents/Department%20of%20Finance%20International%20Tax%20Strategy%20Statement.pdf which basically argues that everything is fine... except:
- In Budget 2014 the Government explicitly admits that at least one of the loopholes existed via which Irish-registered companies were free to avoid paying any taxes: http://finance.gov.ie/documents/speech2013/spmn234.pdf see page 5.
- So Ireland is not a tax haven because it has 12.5% tax, but companies were evading that tax by using the scheme that the Government is now shutting down (de facto admitting that Irish law permitted tax minimisation to zero liability), yet per above links this is going to make virtually no difference to the practice... hmm...
- Excellent piece from FT: http://www.ft.com/intl/cms/s/0/1a5d3a4e-3cb6-11e3-a8c4-00144feab7de.html#axzz2ieiDHKTX on Ireland's launch on the road to tax reforms, which according to the Government Ireland does not need because Ireland is not a tax haven.
You can follow the trend of links to various articles on Irish corporate tax status and scandals from here: http://trueeconomics.blogspot.ie/2013/10/4102013-tax-haven-ireland-is-trending.html
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