ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
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Ireland<br />
2.8 K<strong>ey</strong> <strong>tax</strong> <strong>policy</strong> changes in 2014<br />
2.6 Political landscape<br />
• <br />
<br />
(center-right) and Labour (center-left). It has been in power<br />
<br />
by which time the next election must be held. While there<br />
have been some minor tensions, the administration appears<br />
stable to date.<br />
2.7 Current <strong>tax</strong> <strong>policy</strong> and <strong>tax</strong> administration<br />
leaders<br />
Tax <strong>policy</strong> leaders<br />
• Michael Noonan, Minister <strong>for</strong> Finance<br />
• Brendan Howlin, Minister <strong>for</strong> Public Expenditure and Re<strong>for</strong>m<br />
• <br />
• Enhancements to research and development regime,<br />
including an increase in the volume basis de minimus amount<br />
from €200K to €300K<br />
• “Stateless” companies legislation — certain Irish registered<br />
companies , if not resident anywhere, will be regarded as<br />
resident in Ireland<br />
• Enhanced double <strong>tax</strong> relief <strong>for</strong> leasing companies<br />
• <br />
• Increase in deposit interest retention rates to 41%<br />
• Introduction of capital gains <strong>tax</strong> relief where certain gains are<br />
reinvested in trading activities<br />
• A new start your own business initiative<br />
• <br />
• <br />
<br />
whereby <strong>tax</strong> credit is made available <strong>for</strong> producer companies<br />
Note: the position of Assistant Secretary with responsibility <strong>for</strong><br />
<br />
Tax administration leaders<br />
• Josephine Feehily, Chairman of Irish Revenue Commissioners<br />
(retirement in <strong>2015</strong> announced)<br />
• Liam Irwin, Revenue Commissioner<br />
• Niall Cody, Revenue Commissioner<br />
The <strong>outlook</strong> <strong>for</strong> <strong>global</strong> <strong>tax</strong> <strong>policy</strong> in <strong>2015</strong> | 105
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