‘New corporate tax rules must allow us stay competitive’

Ireland needs to nail down new policies on corporate taxation that allow the country to be “competitive” but also comply with changes envisaged under global tax reforms.

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60,000 families missing out on tax rebate worth thousands

The tax rebates, which could be worth over €4,000 over four years currently stands at €1,500, according to Taxback.ie.

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Volatility returns to hit exchequer tax returns in April

Volatility has returned to the Government’s tax revenues, as Vat and corporation taxes brought in less than anticipated in April, while excise duties brought in much more.

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Fianna Fáil: Government on side of ‘cuckoo funds’

Fianna Fáil deputy leader Dara Calleary said cuckoo funds had purchased more than 3,000 units in 2018, with the benefit of Government tax incentives.

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FF accuses Govt of treating public 'like children' after concerns over property tax changes ignored

Fianna Fáil has accused the Government of “treating the public like children” after new documents revealed the cabinet ignored the attorney general’s concerns over delaying any local property tax changes.

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Government urged to review tax treatment of 'cuckoo funds' in housing market

The Government has been urged to set up an immediate review of the amount of tax paid by investment property groups here amid fears they are paying next to nothing to the State.

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MEP responds to tax haven accusation saying there is 'jealousy' about Irish success

Fine Gael MEP Brian Hayes says that “there is a lot of jealousy” about Ireland’s success in attracting foreign direct investment.

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No four-fold increase in carbon tax being planned, says Varadkar

The Taoiseach told the Dail that climate action was needed but such a hefty increase was not being considered.

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Irish arm of TNT in the red after global cyber-attack

Pre-tax losses at the Irish arm of logistics firm TNT Express more than doubled to €2.2m last year, after its parent group was hit by “a crippling” cyber-attack.

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Ireland does well on shadow economy policy

Countries ‘missing’ 15% of economic activity on average

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A proper reaction to 'genuine outrage': Howlin welcomes delay to tax on supplements

A proper reaction to 'genuine outrage' among health supplement users.

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Jose Mourinho accepts one year prison sentence over tax fraud

Jose Mourinho has accepted a one-year prison sentence for tax fraud in Spain, but will not be spending any time jail.

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We need an extra €2.5bn - €3bn in tax if we are serious about addressing the deficits in our society

Ireland needs to have a real debate about the level of public services and social infrastructure it wishes to have in the coming decades and how these are to be financed, writes Eamon Murphy.

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Amazon in UK ‘paid less tax in 20 years than M&S in one year’ – report

Online giant has paid just £61.7 million corporation tax in the UK since 1998, finds Mirror investigation.

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Commissioner Vestager: EU to push again for digital tax plan

The European Commission will continue to press for an EU-wide digital tax on the basis all companies in Europe should be treated fairly, competition commissioner Margrethe Vestager has said.

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Minister denies claims Ireland has 'free ride' on tax; Reiterates opposition to digital tax

Finance Minister Paschal Donohoe has denied claims Ireland’s corporate tax regime is giving it “a free ride” as he reiterated opposition to any new attempt to usher in an EU-wide digital tax.

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Minister denies claims Ireland has 'free ride' on tax; Reiterates opposition to digital tax

Finance Minister Paschal Donohoe has denied claims Ireland’s corporate tax regime is giving it “a free ride” as he reiterated opposition to any new attempt to usher in an EU-wide digital tax.

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Travelodge addition helps lift Tifco hotel profits

The performance of the no-frills Travelodge chain of budget hotels contributed to four-fold increase in pre-tax profits at hotel operator Tifco in 2017.

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Ireland under fresh attack from EU on corporation tax

The government has sharply rejected a fresh attack by the European Commission (EC) to remove Ireland's ability to set its own 12.5% corporation tax rate.

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Carbon tax aims to change behaviour, not increase revenue – minister

Irish Finance Minister Paschal Donohoe said he is currently considering whether an increased carbon tax could be revenue neutral.

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Solution to carbon tax issue staring government in the face – Nissan

Nissan has called on the government to ban used car imports from the UK where registration pre-dates 2014 rather than imposing a new carbon tax on householders.

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Ireland among best for tax efficiency

The Irish tax system ranks among the highest in the world in terms of ease of businesses in paying taxes, a report by PwC has found.

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High-wire dependency on external forces for State's tax take

Once upon a time, before the European Union broadened our horizons, ambitions, and opportunities, it was said that if Britain sneezed we got a cold. That plausible, if amateur, theory will be tested again soon enough, but the Department of Finance announcement that 7% of the State’s tax take, about €4bn, comes from only 10 firms highlights an equally-worrying dependency on external forces.

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Taxpayers foot bill for €10m airstrips lying idle for a decade

Taxpayers’ money is being used to manage and maintain two airstrips that have lain idle for a decade and cost almost €10m to build.

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Firms unprepared for PAYE revamp

Many companies and employers remain unprepared for changes to the PAYE system which come into law today, a payroll specialist firm has warned.

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The era of permanent and pensionable work — a job for life — is largely over

Though at the time of writing the final figures aren’t in, it already looks like 2018 has been a record year for tax collection.

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Finance Minister told right time to hike tax on betting after department officials told of ‘social costs of problem gambling’

Finance Minister Paschal Donohoe was told the “opportune time” had arrived to double betting tax amid ongoing pressure to increase tax on gambling.

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Odds shortened: Minister advised to increase tax

It might not be the week to discuss killjoy measures but the fact that Finance Minister Paschal Donohoe has been told that the “opportune time” to double betting tax had arrived suggests it may be.

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Perrigo €1.6bn row is ‘a tax 101’ dispute

A demand that drugs company Perrigo pay Revenue €1.6bn in a dispute over tax involving its 2013 acquisition of Elan and the multiple sclerosis drug Tysabri is a straightforward “tax 101” row, experts have said.

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Perrigo claim Revenue's case against them is 'without merit'

The assessment made against Elan Pharma relates to the amount of tax paid on the sale of its stake in the groundbreaking drug Tysabri.

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Farm Money Advice: Better get your copy of ‘The Employers’ Guide to PAYE’

The most significant change to Ireland’s PAYE system in over 60 years is coming into effect in two weeks time, writes Kieran Coughlan.

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VAT compensation scheme for charities to be introduced

A new VAT compensation scheme for charities is set to be introduced in the New Year.

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Corporation tax payment: Wise decision to divert funds

It is barely a week since Finance Minister Paschal Donohoe was forced to defend his budget for 2019 in the face of trenchant criticism from the Irish Fiscal Advisory Council.

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Hotel settles for over €2.5m in Revenue tax defaulter list

A hotel in Monaghan has settled with Revenue for more than €2.5m, while a health food firm in Cork settled for €846,000, according to the latest tax defaulters’ list.

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Exchequer figures reveal surge in Corporation Tax

Exchequer figures published today by the Department of Finance show that taxation receipts for the month of November were €631m ahead of target.

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Settlements totalling €13m revealed in latest Revenue tax defaulters list

The latest list of tax defaulters published by Revenue provides details of 65 taxpayers who have made settlements totalling almost €13m.

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Tax break for renovation of homes ending

Tax breaks to encourage activity in a particular area or sector can be highly successful.

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Tax concession for vitamins is applied too widely, say Revenue

Revenue has reviewed its stance on the zero Vat rate applied to food supplements. Some traders are “exploiting” the concession by applying it to products that should be paying the standard rate.

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No change to corporation tax but big companies must pay fair share of taxes: Taoiseach

Big companies must pay their fair share of taxes - with international changes coming down the line, Taoiseach Leo Varadkar said.

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Varadkar: Tax changes would help workers keep more of their hard-earned cash

The Taoiseach was speaking at the launch of the Government’s Future Jobs strategy in Dublin.

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CRH targets 6% earnings boost as markets improve

CRH expects full-year earnings, for 2018, to come in at around €3.35bn, which would be more than 6% ahead of last year.

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Blow to Irish fight over EU tech tax

German Finance Miniter Olaf Scholz has said he favours getting a binding deal on a EU digital tax at a meeting of EU finance ministers next month, further undermining Irish opposition to the plan.

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Making Cents: Claim tax refunds now, have money before Christmas

This day seven weeks is New Year’s Day and anyone who has not applied before then for any tax rebates they are due from 2014 has missed the boat.

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Revenue writes to over 125,000 taxpayers as reminder to claim entitlements before deadline

Revenue has issued over 125,000 PAYE workers to claim their entitlements before the deadline on December 31.

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Judge grants Katie Price time to broker deal with taxman

The former glamour model was told she could try to reach an agreement with HMRC by a judge at a specialist insolvency and companies court on Tuesday.

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UK digital tax ‘problem’ for Ireland

A UK digital tax targeting tech giants such as Amazon, Google, and Apple will likely undermine efforts by Finance Minister Paschal Donohoe to marshal opposition to a similar plan from the European Commission for an EU-wide tax.

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IFAC sounds warning on budget spend

An increase in interest rates and a reduction in corporation tax receipts, as well as a constant overrun in budgets like health, could leave the country “in a position we do not want to go back to” if a slowdown in the economy occurs.

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Vacant property tax dismissed - CPOs and taxes are best answer

The report by Indecon suggesting that the Government does not introduce a vacant property tax seems a curate’s egg.

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EU rules Luxembourg did not give selective tax deal to McDonald’s

The EU Commission said that advantages granted to McDonald’s were the result of differences between Luxembourg and US tax laws.

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Finance Minister: Ireland must retain control over corporate tax policy

The Finance Minister says its vital that we retain control over our corporate tax policy.

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Oxfam urges reform of tax laws in Prescription for Poverty report

Oxfam has called for swifter action against tax avoidance by multinationals after its research showed pharmaceutical firms used Irish tax law to reduce the amount of corporation tax they paid — to zero in one case.

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Warning over SMEs and tax reform ‘roadmap’

The Government’s proposals to bolster defences against an international onslaught on the Irish tax regime may inadvertently entangle SMEs, according to a leading tax expert.

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K Club posted further losses of nearly €5m

The K Club, currently on the market for €80m, recorded pre-tax losses of €4.8m in 2016, new accounts show.

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Taxes ‘mixed’ amid health overrun

Government tax revenues in August were “a mixed bag” and “a little disappointing” amid more health spending overruns, which will not reassure the finance minister ahead of next month’s budget, say analysts.

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PAC chairman: There is no reason not to examine taxpayer funding to Áras

The Public Accounts Committee is to propose holding a special hearing to discuss taxpayer funding provided to Áras an Uachtaráin.

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Number of pubs drops by 1,400 in Ireland

There were 1,477 fewer pubs in Ireland last year than there was in 2005 - a rate of two closures every week.

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Revenue wants new tax rate for country's high earners

They say anyone making more than €80,000 a year should have to pay 43% income tax.

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Government considering tax rise on workers to boost welfare budget for pensioners

Workers could face a tax hike to help pay for welfare benefits.

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Heritage tax breaks: Review needed

Many years ago, when Charles Haughey introduced a scheme of tax incentives to encourage artists to live and work in Ireland, the welcome and impact were immediate and universal. It seemed an entirely good idea.

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Trump denies he’s to blame for Harley-Davidson decision

The firm said it is moving some motorcycle production overseas due to tariffs.

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