Senior official warns against too many changes in tax regime

The head of business tax at the Department of Finance said ‘unintended consequences’ could include driving businesses to the wall or opening a hole in the exchequer

Paschal Donohoe, the Minister for Finance, told the same conference, which was jointly hosted by the Irish Tax Institute and the US-based Harvard Kennedy School, that he would launch a public consultation on Ireland’s implementation of the measure

Frequent changes to tax regimes such as those implemented in Ireland recently increase the chances of unintended consequences and could force firms out of business or expose the exchequer to severe drops in revenues, a senior official has warned.

Deirdre Donaghy, the head of business tax at the Department of Finance, made the comments at a global tax conference last week where she detailed the large number of changes to the tax system in recent ...