The Irish Finance Minister Michael Noonan has announced that it will amend the tax regime to end the controversial schemes that enable multinationals present in the country pay less tax.
The measure will apply from next January 1, but foreign companies have been benefiting from this hole legal and financial have until 2020 to adjust to the changes.
Noonan made the announcement during the presentation of the general budget for 2015, which he said marked the end of the austerity policy of the Government of Dublin, who left last December successfully applied in 2010 to rescue the European Union (EU) and International Monetary Fund (IMF) by 85.000 million.
After seven straight austerity budgets, these accounts are the first who introduced the executive coalition between Conservatives and Labour contemplating tax cuts and increases in government spending said the minister.
“I have decided to end the ability of companies to use the so-called ‘Irish double’ and I’ll change our residence rules for all registered Irish companies are also residents tax purposes, “said Noonan.
Large multinational pharmaceutical or technological such as Apple, Facebook or Google-have established their base in Ireland to save billions of euros in because the call rates “Double Irish”, which lets you create a company in the country with branches in tax havens , which significantly reduces the tax bill.
In this regard, the European Commission (EC) agreed Ireland is investigating whether an illegal tax scheme with American giant Apple for two of its subsidiaries in the country would pay less tax on employment-related issues
“In making these decisions. – Noonan said today and make these changes now, they are part of our broader corporate tax reform system, we are providing certainty to investors on corporate taxation in Ireland for the next decade. “
No However, the minister reiterated that changes in the tax system does not affect the income tax, which is set at 12.5% in this country and some community partners is too low and is, considered a case of unfair competition.
The percentage of 12.5% corporate tax “has never been and will be subject to debate. It is a matter of economic policy set. It will not change, “noted Noonan
No comments:
Post a Comment