Tom Maguire | Business Post

Tom Maguire

tommaguire

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Tom Maguire: Why it’s important to KEEP going on employee share options

Amendments to the Key Employee Engagement Programme qualification conditions and extension of the scheme to 2025 are positive moves, but there’s still room for improvement

Tom Maguire: Finance Bill’s changes to R&D could go further for start-ups

Boosting the tax credit for SMEs to 30 per cent was mooted in an earlier bill, but to do so, some EU legal hurdles would first have to be overcome

Budget tax changes: devil will be in the details of Finance Bill

If a reduction in the overall capital gains rate is not possible then consideration should be given to a reduction in the rate applicable for gains arising on the disposal of investments in SMEs

Tom Maguire: Firm advantage to changing rules around tax credit refunds for R&D

Budget 2023 presents an opportunity to change the way tax credits are applied to encourage more R&D to take place in Ireland. After all, the next Big Tech superstar could result from such encouragements

How to entice SME staff to take up and Keep share options

The Tax Strategy Group has some good suggestions on how to make the much-needed Key Employee Engagement Programme more user friendly

Tom Maguire: For investors, simplicity eats complexity for breakfast

To make Ireland more attractive for investment, we must tackle the pre-existing tax laws that make the Interest Limitation Rules such an unwieldy beast

Making the tax system simpler and fairer will benefit everyone

The IMF’s recent report on the Irish economy has some interesting observations and suggestions about broadening our tax base and simplifying our tax system

As budget looms, we must strive to incentivise the SME sector

While we may disagree with the EU on certain tax measures, we can’t disagree when it says that ‘SMEs are the backbone of Europe’s economy’

Tom Maguire: Playing for KEEPs gives SMEs some added skin in the game

The Key Employee Engagement Programme has the potential to become a real selling point for talent, but the stringent terms and conditions behind it need to change

Tom Maguire: What a tangled web we weave when we take on EU tax law before simplifying our own

A new European directive aims to redress the imbalance in debt/equity investing, but here in Ireland, achieving a tax deduction for interest on debt financing is already galactically complex

Tom Maguire: Revenue’s input critical as global rule changes present challenges

While headway was made last year on complex EU tax issues, it is still an evolving area and guidance is essential if new measures are to be implemented

Tom Maguire: The cryptic tax rules that surround bitcoin and its ilk

There are no specific rules in connection with crypto-assets, and therefore any transactions in them need to be carefully analysed

Tom Maguire: How our tax regime could sweeten the pill for future R&D

A tax credit won’t be R&D’s driving force, but it can be a factor in determining where such R&D happens – so our tax rules need to be sufficiently attractive for it to be carried on here

Tom Maguire: Close company tax rules can make the ‘innocent suffer for the guilty’

The Revenue now has other measures to counter tax avoidance, and could ease off on its 18-month profit payout rule, which can punish owners for reinvesting in their business

Tom Maguire: Territorial gains to be won from tweaks to foreign income tax

The laws on taxing foreign income are complex and any moves to change and simplify the system will be welcomed by businesses, investors and the tax authorities

Updated audit code takes radical new approach to compliance interventions

New and improved code of practice represents most significant change to Revenue’s approach to compliance interventions in years, says Deloitte

EU tax directive will prise out true identity of ‘shell’ entities

Proposed initiative aims to prevent the misuse of such undertakings for tax purposes

Tom Maguire: A fair share for entrepreneurs and employees will profit us all

We need to tweak taxes to encourage entrepreneurs to locate here, and to allow our homegrown SMEs to thrive

Tom Maguire: A corporation tax proposal that will bring certainty to Irish business

The EC’s draft directive to put Pillar 2 into action should be effective, and a net positive for Ireland – and here’s why

Tax credit for game developers who must pass the ‘cultural’ test

Paschal Donohoe’s incentive for game developers is available on eligible expenditure of up to €25 million a game and is based on the film tax relief scheme. A cultural test will apply, and gambling games are not eligible for the incentive