Udaras na Gaeltachta proposes tax haven status for Irish islands

Ireland’s islands could be transformed into tax havens for businesses and residents under proposals drawn up by Udaras na Gaeltachta.

5th July, 2008

Ireland’s islands could be transformed into tax havens for businesses and residents under proposals drawn up by Udaras na Gaeltachta.

The body charged with promoting the Gaeltacht areas has submitted a plan to the Commission on Taxation aimed at injecting new economic life into the islands by offering major tax incentives.

It would allow individual residents to earn up to €100,000 before paying tax. A range of schemes are proposed for businesses. The...

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