Friday October 30, 2020

Late rush to exploit Double Irish loophole

Hundreds of shelf companies being established ahead of looming deadline

22nd December, 2014

Hundreds of Irish shelf companies are set to be established in the coming weeks, as advisers and corporations seek to take advantage of a loophole in the legislation eliminating the notorious Double Irish tax structure.

Prominent tax experts said a legal loophole could endanger the reputational benefit the government has enjoyed since the abolition of the scheme in last month’s budget.

The Finance Bill, the piece of legislation which gives effect to the...

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