Tom Maguire: Ireland is in good shape, but simplifying the tax code will put us in a better one

Michael McGrath’s promise to make tax system easier and clear badly needed

The way our law works right now is that the Irish recipient company gets credit for the foreign taxes paid by the paying company such that more often than not, no tax is paid in Ireland by that parent

The Irish Tax Institute held its annual dinner just over a week ago. The Minister for Finance was the keynote speaker, and it was good to hear his recognition that there is more that we can do to simplify our tax code.

Regular readers of this column will know my mantra that when it comes to investment, simplicity eats complexity for breakfast, and that was a theme of the minister’s speech with his referencing the ...