Sunday January 19, 2020

It will be tax, Jim, but not as we know it

A new controlled foreign companies rule is the first of many dramatic legal changes coming down the line

11th August, 2019

Last year we brought a controlled foreign companies (CFC) rule into our tax law and the Revenue Commissioners have recently issued detailed guidance on the whole area. In the 2016 movie Sully, Tom Hanks in the lead role says: “Everything is unprecedented until it happens for the first time.” We have done unprecedented with CFC and there’s more to come.

Firstly, and here’s the science bit, a CFC rule taxes a foreign...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

What’s coming up today and what you might have missed

Hannah O’Brien | 1 month ago

What’s coming up today and what you might have missed.

Hannah O’Brien | 1 month ago