ARTICLE · 04 NOVEMBER 2013

Matheson Tax update: Finance (No. 2) Bill 2013

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The Irish Government published the Finance (No.2) Bill 2013 (the "Bill") on October 24, 2013.

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Alan Connell

Catherine Galvin

Turlough Galvin

Emer Hunt

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The Irish Government published the Finance (No.2) Bill 2013 (the "Bill") on October 24, 2013. The Bill contains a number of measures which will be of interest to international companies.

Corporate Residence Rules

The Bill proposes measures to curb the existence of so-called "stateless" companies. The proposed legislation is along expected lines and has a narrow application to deal with mismatches which can arise as a result of the different tests for residence which exist in Ireland and in, for example, the United States. The proposed change to the residence rules would, if enacted, treat an Irish incorporated entity as being resident in Ireland in the following circumstances:

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