W&R Barnett is one of the largest privately held agribusinesses in the UK and Ireland – and the first to avail of an exemption from new EU financial transparency obligations.
The Department of Finance appears to have been influenced by both Sweden's ISK and the UK’s ISA in developing Ireland's new tax-incentivised accounts. But all of the critical information required to determine their worthiness remains under wraps – for now.
Appeals against the residential-zoned land tax were also filed in recent weeks by developers, State bodies, and farmers. Many cases illustrate the lack of infrastructure to service new housing developments.
Officials have advised against ambitious eWHT proposals that would have included platforms like Airbnb and Uber deducting tax from payments to hosts and drivers.
The Government is betting that Revenue’s debt-collection prowess will fix a toothless derelict site levy, with a €32m debt outstanding. But the new plan ignores a fatal flaw at the local level in the current system.
Anne Marie Monahan’s High Court challenge follows a failed appeal against the CGT bill Revenue applied to the sale of shares she had inherited from her late husband Peter.
For the first time in July, Ireland collected top-up tax from companies included in the OECD global agreement. This covers their 2024 profits, and only some of the largest contributors to the State’s coffers so far.
Deferred payments, including a top-up tax to reach the new 15% rate, are not included in the software multinational’s record corporation tax figures.
High-emission products imported this year are creating liabilities under the Carbon Border Adjustment Mechanism. While the measure levels the playing field for European manufacturers, businesses need to assess its cost in their supply chains.
The US oilfield services firm wants to shift its base to the US. An initial plan to move the HQ to Texas failed to garner shareholder support but now it’s planning a second go, this time to Delaware.
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