Tom Maguire: Budget 2022 offers a chance to better support our entrepreneurs
We need to encourage and incentivise new businesses at each stage of their development, to ensure a thriving domestic economy
It’s this time of year that pre-budget discussions about amending our tax law are held by various groups and stakeholders. As Myron Scholes, the Nobel-winning economist, once wrote: “Success is achieved when the tax rules subsidise activities that benefit society as a whole more than they benefit the individuals engaging in the activities.”
We need to continue to encourage and incentivise a thriving domestic entrepreneurial economy, one that will ensure Ireland...
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‘Sin taxes’ to improve public health and wealth tax being actively considered
Professor Niamh Moloney, the chair of the Commission on Taxation and Welfare, has also said it will be looking at a wealth tax
Developers who undervalue vacant land face 30% penalty under new Revenue plan
The move will mean the vacant site tax bill on land worth €10 million would rise from €300,000 to €390,000 if the value of it was found to have been severely underestimated.
Accountancy and legal firms warned Donohoe about corporate tax reform
Accountants said FDI will be negatively affected by new global rules while lawyers said they could be unconstitutional
‘Offsetting measures’ needed to make up shortfall from shift away from 12.5% corporate tax rate
Ratings agency has warned of potential negative consequences of joining up to global tax overhaul