Friday September 25, 2020

Tax: Corporate crackdown: Will the Double Irish get Short shrift in Europe?

Michael Noonan has a range of potential options on how to handle the OECD's demand to shut down the tax scheme.

21st September, 2014
Pascal Saint-Amans: the OECD chief wants the government to scrap the Double Irish scheme. Picture: Getty

Not for the first time, Michael Noonan has a big decision to make on budget day.

Following the OECD broadside against corporate tax tricks, the Minister for Finance must now decide whether to shut down the so-called Double Irish, a tax scheme which allows multinational companies to funnel profits through Ireland to tax havens.

In his strongest comments on the matter so far, OECD tax chieftain Pascal Saint-Amans told The Sunday Business Post that he...

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