Search results
Results from the WOW.Com Content Network
As of November 2018, Ireland's corporate tax system is a "worldwide tax" system, with no thin capitalisation rules, and a holding company regime for tax inversions to Ireland. [93] Ireland has the most U.S. corporate tax inversions, and Medtronic (2015) was the largest U.S. tax inversion in history. [99]
Pierre Moscovici, EU Tax Commissioner said on the 24 January 2017, the EU did not consider Ireland a tax haven, [5] but on 18 January 2018 said that Ireland was a tax blackhole. [27] Ireland has been associated with the term "tax haven" since the U.S. IRS produced a list on the 12 January 1981.
The United States switched to a "territorial" tax system in the December 2017 Tax Cuts and Jobs Act (TCJA), causing American tax academics to forecast the demise of Irish BEPS tools and Ireland as an American corporate tax haven. However, by mid-2018, other tax academics, including the IMF, noted that technical flaws in the TCJA had increased ...
The above post–2009 UK, EU and U.S. countermeasures against Ireland's corporate tax system, and by extension Ireland's economic model, have been a cause of concern in Ireland, and even the "architect" of Ireland's BEPS tools, PricewaterhouseCoopers tax-partner, Feargal O'Rourke, has warned on the sustainability of Irish CT revenues. [336]
The exclusive economic zone (EEZ) of Ireland extends 200 miles (320 km) from the coast. [ 1 ] [ 2 ] Exclusive economic zones are areas of internationally-recognised rights to conduct certain activities on areas of the high seas but do not give any power over access to those areas, including over shipping or military matters.
Andorra (AEO Import/Export type); Argentina, under the name of Customs System of Reliable Operators (SAOC) - export type launched in 2006, import/export type, since 2012 only for CUSE System which is a programme recently incorporated by the Federal Administration of Public Revenues of Argentina involving courier service providers;
Ireland first experienced a short technical recession from Q2-Q3 2007, followed by a recession from Q1 2008 – Q4 2009. [35] After a year with stagnant economic activity in 2010, the Irish real GDP rose by 2.2% in 2011 and 0.2% in 2012. This growth was mainly driven by improvements in the export sector.
Tax exporting occurs when a country (or other jurisdiction) shifts its tax burden (partially) abroad.. For example, if residents of country A hold shares of a company in country B, the government in B might want to levy an inefficiently high tax on this company's profits since the tax is partially borne by the shareholders in A.