Pearse Trust Blog

Slow Start for Ireland's Knowledge Development Box

Posted by Pearse Trust on Thursday, 21-Jun-2018 16:00:00

Preliminary figures suggest that there has been a low take-up for Ireland’s recently introduced Knowledge Development Box (KDB) intellectual property investment incentive. However, this shouldn’t deter investors from applying for the new scheme.

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Tags: Ireland, Tax, Finance

Finance Industry Braced For FATCA Gross Proceeds Withholding

Posted by Pearse Trust on Tuesday, 19-Jun-2018 11:00:00

The US Foreign Account Tax Compliance Act is an established feature of the global regulatory and tax landscape, but another deadline is looming. Gross proceeds withholding is set to commence from January next year, and this may pose additional administrative and economic problems for the finance industry.

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Tags: Tax, USA

Canada To Introduce New Digital Tax Rules?

Posted by Pearse Trust on Thursday, 14-Jun-2018 16:00:00

Recent comments from Canada's Finance Minister, Bill Morneau, and the conclusions of a recent report from a parliamentary committee, suggest Canada has joined the international clamour for “digital” companies to be compelled to pay more tax. Important tax changes may be on the way.

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Tags: Legal, Tax, Canada

New Zealand’s Tax Working Group - Tax Reform Ahead?

Posted by Pearse Trust on Tuesday, 12-Jun-2018 11:00:00

With New Zealand’s Tax Working Group now considering submissions to its recent public consultation, this blog looks at the scope of the ongoing tax system review, the possible timing of any changes, and what those changes might be.

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Tags: Legal, Tax, New Zealand

Irish Limited Company & Designated Activity Company: The Key Difference

Posted by Pearse Trust on Thursday, 07-Jun-2018 16:00:00

When the Companies Act 2014 came into force on 1 June 2015, it introduced a new company type into Ireland – The Designated Activity Company (DAC).

The main difference between a DAC and a Private Company Limited by Shares (LTD) is the objects clause in the company’s constitution, which specifies a Company’s business activity. DACs have an objects clause in their Memorandum of Association which defines their area of business specifically, while LTDs have no such clause in their more simplified company constitution and therefore have unlimited powers to amend and pivot their business activity.

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Tags: Ireland, Legal, Limited Companies

The UK's Inheritance Tax Under Review

Posted by Pearse Trust on Tuesday, 05-Jun-2018 11:00:00

On 27 April 2018, the UK’s Office for Tax Simplification launched a public consultation on measures to streamline and enhance the country's inheritance tax regime – a review that tax experts say is long overdue.

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Tags: United Kingdom, Tax

GDPR - The Requirement For & Role Of Data Protection Officers

Posted by Pearse Trust on Thursday, 31-May-2018 16:00:00

What is GDPR?

The General Data Protection Regulation (GDPR) is a regulation adopted by the EU on 27 April 2016 after four years in the works. The regulation aims to harmonise data protection for individuals within the EU by empowering citizens over their personal data.

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Tags: Ireland, Legal, Corporate Governance, EU

5 Qualities That Make a Successful Chairman

Posted by Pearse Trust on Tuesday, 29-May-2018 11:00:00

The Chairman plays an important role in a Company. The Chairman’s main duties include chairing meetings of the Board of Directors, setting meeting agendas in conjunction with the Company Secretary, managing and providing leadership to the Board of Directors, and acting as a direct liaison between the Board and the Company’s management, through the Chief Executive Officer.

What ultimately defines a good Chairman is the ability to run an effective Board and to manage relationships with both shareholders and stakeholders. Read More

Tags: Legal, Corporate Governance, Limited Companies

Why Your Statutory Obligations Matter [UK Companies]

Posted by Pearse Trust on Thursday, 24-May-2018 16:00:00

When running a business, companies want to focus on what makes their business great. When it comes to statutory compliance, things can become overwhelming, uninspiring or worse yet, boring. However, such matters cannot be ignored.

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Tags: Corporate Governance, United Kingdom, Tax

Northern Ireland & Brexit: The 'Backstop' Solution

Posted by Pearse Trust on Tuesday, 22-May-2018 11:00:00

In the Brexit negotiations, one of the most intractable issues is turning out to be the 310-mile border that separates Northern Ireland and the Republic of Ireland — and the outcome could have major implications for businesses on both sides.


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Tags: Ireland, United Kingdom, EU