Pearse Trust Blog



VAT On Cross-Border Transactions Within The EU

Posted by Pearse Trust on Monday, 11-Jul-2011 16:45:00

Common EU VAT law applies to all countries in the EU but each country can adapt these and set their own VAT policy.

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Tags: Tax, EU, VAT

EC Draft Unitary Patent Protection Regulations To Reduce Costs By 80%

Posted by Pearse Trust on Thursday, 07-Jul-2011 09:50:00

“It is my deeply-held conviction that there is no sustainable economic growth without innovation - and no innovation without efficient intellectual property protection”. Michel Barnier, Internal Markets and Services Commissioner

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Tags: Legal, EU, Patents

Anti-Money Laundering Legislation In Ireland

Posted by Pearse Trust on Monday, 04-Jul-2011 17:00:00

The Act


The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 was enacted into Irish law in July 2010 to update Irish anti-money laundering and terrorist financing legislation and bring it in line with the requirements of the EU Third AML Directive.  

The new legislation requires Firms and persons subject to its provisions (referred to as “designated persons”) to move to a risk-based approach in identifying clients or customers. 

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Tags: Ireland, Legal, EU, Anti-Money Laundering

Banks and US Tax Laws – Let the Battle Commence

Posted by Pearse Trust on Wednesday, 29-Jun-2011 16:10:00

The US FATC Act

The US Foreign Account Tax Compliance Act (FATCA), due to come into force in 2013, will in its current form require overseas financial institutions to report American clients with accounts of more than USD$50,000 to the Internal Revenue Service.

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Tags: Legal, Tax, EU, Banking, USA

New Companies Legislation Published In Ireland

Posted by Pearse Trust on Wednesday, 15-Jun-2011 15:30:00

New legislation aimed at making the incorporation of an Irish company easier and cheaper has now been published online.

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Tags: Ireland, Legal, EU

Company Tax Residence – International Developments

Posted by Pearse Trust on Monday, 13-Jun-2011 15:00:00

There have been a number of significant recent tax case decisions at European and UK level concerning the tax residence of companies. 

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Tags: United Kingdom, Tax, EU

EU Try To Prevent Default on Greek Debt With New Bailout

Posted by Pearse Trust on Wednesday, 08-Jun-2011 16:00:00

The Greek bailout is not working and the country is consistently missing its targets.

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Tags: Tax, EU, Debt crisis, Economy

Swiss ‘Rich Tax’ Battle

Posted by Pearse Trust on Monday, 06-Jun-2011 16:00:00

In Switzerland a lump-sum tax currently available to rich foreigners is coming under heavy fire from citizens deeming the tax to be unfair.

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Tags: Tax, EU, Economy, Switzerland

UK In Trouble With EC Again Over CFC Rules

Posted by Pearse Trust on Wednesday, 01-Jun-2011 16:45:00

The European Commission (EC) has formally requested that the UK amend its legislation on the tax treatment of Controlled Foreign Companies (CFCs) to better take into account rulings by the European Court of Justice (ECJ).

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Tags: United Kingdom, Tax, EU

CCCTB Gets Yellow Card From 8 Member States

Posted by Pearse Trust on Monday, 30-May-2011 16:15:00

Last Wednesday 18th May was the deadline for EU countries to object to the European Commission's proposals for a Common Consolidated Corporate Tax Base (CCCTB), and 8 member countries have shown a 'yellow card' for the proposal.

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Tags: Ireland, United Kingdom, Tax, EU