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ARTICLE · 20 OCTOBER 2014

Irish Budget 2015 – Rate, Regime, Reputation

Maples Group
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The Maples Group, through its leading international law firm, Maples and Calder, advises global...

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There was considerable domestic and international anticipation in advance of the Budget against a backdrop of significant recovery in the Irish economy.

IrelandTax
Andrew Quinn
Andrew Quinn
William Fogarty
William Fogarty
David Burke
David Burke
Lynn Cramer
Lynn Cramer
Fearghal McVey
Fearghal McVey
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Our Reaction

The Irish Minister for Finance delivered his Budget 2015 (the "Budget") speech this week.   

There was considerable domestic and international anticipation in advance of the Budget against a backdrop of significant recovery in the Irish economy and also international focus (including, in particular, under the OECD BEPS project) on tax planning engaged in by certain multinational businesses. 

Our view is that this is a mature, sophisticated and considered Budget, which will provide guidance and certainty to the international businesses we advise who invest in and through Ireland.

The Budget was created for the "post-BEPS" world – it saw a unilateral phasing out of the so-called "Double Irish" structure used by certain operating businesses, with a range of responsible but competitive new tax measures introduced for operating companies locating for Ireland.

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