Ireland’s tax system is sometimes criticised by those campaigning against corporate tax avoidance. However, what is often overlooked is the fact that Ireland’s low rate of corporate tax attracts high volumes of physical investment.
Pearse Trust Blog
AIM (originally known as the “Alternative Investment Market”) is the London Stock Exchange’s international market for smaller growing companies. A wide range of businesses including early stage, venture capital backed, as well as more established companies join AIM seeking access to growth capital.
On 11 February 2014 Donald Trump Snr announced that his firm had purchased Doonbeg Lodge and Golf Resort in Co. Clare for circa €15m. The acquisition was completed less than one month after the appointment of Receivers.
In a previous blog post we outlined how the UK Finance Act, 2011 reformed the taxation of foreign branches (overseas permanent establishments).
On 15 May 2013, the Central Bank of Ireland announced that it would be accepting applications for the authorisation of alternative investment fund managers (“AIFMs”). Ireland is the first European regulator to do this and it will enable Irish-authorised AIFMs to avail of the AIFMD passport from 22 July 2013. The Central Bank has issued formal applications, an “AIF Rulebook” and an AIFMD questions and answers document that will serve to clarify the policies.
First Signs Of Data Leak
At the start of April, a data leak exposed the identities of thousands of investors in the British Virgin Islands (BVI). The information was obtained from a hard drive sent to the International Consortium of Investigative Journalists (ICIJ). 86 journalists across 46 countries spent 15 months analysing the information.
Ireland’s success in attracting cutting edge Foreign Direct Investment has continued at pace during 2012. US, European and Asia / Pacific companies have demonstrated continued confidence in Ireland’s ability to successfully house their overseas operations.
At the end of May 2012 the IFIA (Irish Funds Industry Association) announced that assets serviced by the Irish funds industry have reached an all time high of *€2 trillion.