Contributing Firms:
Commenting on the Apple decision by the EU’s highest court, the Taoiseach said “there are a lot of people in politics nowadays whose first obsession is how do you spend the money without actually making sure that you continue to protect the investment in the country”. “This is an historical legacy case. This relates back to the Revenue decisions of the 1990s and if successive governments had not actually taken this case and stood by foreign direct investment I think we would have caused significant confusion in terms of multinationals locating here, wondering would the country’s Government back the Revenue Commissioners. “The world has changed so much since then. We now have a very different rules-based system around global tax and indeed Paschal Donohoe has been to the fore of that at a global level”.
In this Special Budget 2025 Edition of the Irish Tax Monitor contributors were asked to give the main points from their firm’s pre-Budget observations under the following headings: Investment Funds; Housing; SMEs/Private Business; Tax Simplification; FDI & Financial Services and any other business. The Department of Finance’s second feedback statement on the Participation Exemption also features.
On 27 August, the Minister for Finance, Jack Chambers TD, published a second feedback statement on the development of a participation exemption for foreign dividends to the Irish corporate tax system. Please comment.
Special Budget 2025 Edition:1. What are the main points from your firm's pre-budget observations? Please respond under the five headings below: A) Investment Funds B) Housing C) SMEs/Private Business D) Tax Simplification E) FDI & Financial Services F) A.N.Other pre Budget observation