Tax | Business Post

New country-by-country public tax reporting adds to corporate obligations

Non-European companies must now comply with the same reporting obligations as bloc’s own enterprises

Vacant property tax in doubt as Revenue reports fewer empty homes than expected

Analysis by Revenue revealed that levels of vacancy ‘are low across all counties’, leading the Minister for Finance to assess merits and likely impact of introducing such a tax

Tom Maguire: The cryptic tax rules that surround bitcoin and its ilk

There are no specific rules in connection with crypto-assets, and therefore any transactions in them need to be carefully analysed

Brian Keegan: Would age-specific taxation help to halt Ireland’s brain drain?

As a country, we consistently ask the wrong questions about our industrial and investment policy

Revenue boss Cody gets three-year extension in his post

The chairman of the tax authority was due to finish his term in office last January, but he indicated his willingness to serve for longer

Deloitte acquires Ennis-based tax practice Cahill Taxation

The move will grow Deloitte’s team of tax specialists in the Limerick and Ennis region to 45 and its overall local team to 150

Brian Keegan: How do you fund services without raising taxes? You can raise wages

A wage increase would generate hundreds of millions of euro in tax yield without much political or social pushback

Tom Maguire: Close company tax rules can make the ‘innocent suffer for the guilty’

The Revenue now has other measures to counter tax avoidance, and could ease off on its 18-month profit payout rule, which can punish owners for reinvesting in their business

Up to 350,000 households face penalty for not submitting property tax valuation

The Revenue Commissioners have encountered a higher-than-expected level of non-compliance with the requirement in recent months

Tom Maguire: Territorial gains to be won from tweaks to foreign income tax

The laws on taxing foreign income are complex and any moves to change and simplify the system will be welcomed by businesses, investors and the tax authorities

Updated audit code takes radical new approach to compliance interventions

New and improved code of practice represents most significant change to Revenue’s approach to compliance interventions in years, says Deloitte

Ian Guider: We can’t have it both ways on public services and axing the USC

If we truly want Scandinavian levels of living standards and infrastructure, we must be willing to pay for this through increased taxes

EU tax directive will prise out true identity of ‘shell’ entities

Proposed initiative aims to prevent the misuse of such undertakings for tax purposes

Tom Maguire: A fair share for entrepreneurs and employees will profit us all

We need to tweak taxes to encourage entrepreneurs to locate here, and to allow our homegrown SMEs to thrive

Tom Maguire: A corporation tax proposal that will bring certainty to Irish business

The EC’s draft directive to put Pillar 2 into action should be effective, and a net positive for Ireland – and here’s why

Brian Keegan: France has big plans for its EU presidency

Emmanuel Macron aims to have the 15 per cent corporate tax proposals in force by this time next year, and that’s not the half of it

Taxing times: How a rise in suspicious transaction reports is helping Revenue know where to look

With reports of suspicious transactions and cigarette smuggling on the rise, and a surge in customs declarations due to the rise of online retail, Niall Cody and the Revenue Commissioners have their work cut out for the coming year as they plan to ‘enhance capability’

Revenue deploys ‘real-time’ info to claw back €105m in wage subsidies

The organisation is using its online PAYE system to receive electronic updates whenever a new wage payment is made by employers to workers

Tax credit for game developers who must pass the ‘cultural’ test

Paschal Donohoe’s incentive for game developers is available on eligible expenditure of up to €25 million a game and is based on the film tax relief scheme. A cultural test will apply, and gambling games are not eligible for the incentive

‘Solidarity levy’ could be one of many new costs of a united Ireland

We need more information on the opportunities and challenges that a 32-county regime would bring for businesses as well as individuals