International Coverage of Ireland's Corporate Tax Rate -
Author: Shane Ruane
Publisher:
Published: 2021
Total Pages: 0
ISBN-13:
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Author: Shane Ruane
Publisher:
Published: 2021
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKAuthor: Seamus Coffey
Publisher:
Published: 2015
Total Pages: 48
ISBN-13:
DOWNLOAD EBOOKThis Technical Paper considers the effective tax rate on corporate profits in Ireland. It will be appreciated that this apparently straight-forward concept generates significant confusion. There is no single best measure of the effective tax rate and this Paper presents and examines eight different calculations for an effective tax rate on corporate profits in Ireland under three broad headings: using model companies; using official national statistics; and using company financial reports.The spread of estimates ranges from 2.2 per cent to 15.5 per cent for the most recent data available. Different approaches are relevant depending on the specific nature of the question being addressed. Some approaches are better at measuring the complexity and breadth of corporate tax. Other approaches are better at measuring the effective tax rate of companies. In attempting to assess the effective corporate tax rate that is applied to the aggregate total of corporate profits in Ireland, this Paper has concluded that the approach based on national aggregate statistics is the most suitable.The data from the Central Statistics Office and the Revenue Commissioners provide the best estimates of the effective rate of Irish Corporation Tax on the total profits that are subject to Irish tax but even within that there remains a choice of measures. This Paper has put forward the thesis that the measures based on Net Operating Surplus and Taxable Income best represent the effective Corporation Tax rate in Ireland.Much lower effective tax rates can be identified, notably the effective foreign tax rate for US-owned, Irish-incorporated companies, in the direct investment data produced by the Bureau of Economic Analysis. These show how MNCs can structure their activities to generate very low effective tax rates but it is not possible to achieve such low rates for profits earned in Ireland.The most appropriate effective tax rates identified in this Paper are below the headline 12.5 per cent rate and the reasons for this are the inclusion of foreign-source profits in the case of Taxable Income, and the exclusion of the interest cost of financing in the case of Net Operating Surplus. The impact of these factors is relatively small and the analysis presented here has shown that, since 2003, the effective Corporation Tax rates on Net Operating Surplus and Taxable Income have averaged 10.9 per cent and 10.7 per cent respectively.
Author: OECD
Publisher: OECD Publishing
Published: 2021-04-29
Total Pages: 651
ISBN-13: 9264438181
DOWNLOAD EBOOKThis annual publication provides details of taxes paid on wages in OECD countries. It covers personal income taxes and social security contributions paid by employees, social security contributions and payroll taxes paid by employers, and cash benefits received by workers. Taxing Wages 2021 includes a special feature entitled: “Impact of COVID-19 on the Tax Wedge in OECD Countries”.
Author: World Bank
Publisher: World Bank Publications
Published: 2019-11-21
Total Pages: 241
ISBN-13: 1464814414
DOWNLOAD EBOOKSeventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
Author:
Publisher:
Published: 2005
Total Pages: 1122
ISBN-13:
DOWNLOAD EBOOKAuthor: Julien Mercille
Publisher: Routledge
Published: 2014-08-27
Total Pages: 235
ISBN-13: 1317952111
DOWNLOAD EBOOKThe European economic crisis has been ongoing since 2008 and while austerity has spread over the continent, it has failed to revive economies. The media have played an important ideological role in presenting the policies of economic and political elites in a favourable light, even if the latter’s aim has been to shift the burden of adjustment onto citizens. This book explains how and why, using a critical political economic perspective and focusing on the case of Ireland. Throughout, Ireland is compared with contemporary and historical examples to contextualise the arguments made. The book covers the housing bubble that led to the crash, the rescue of financial institutions by the state, the role of the European institutions and the International Monetary Fund, austerity, and the possibility of leaving the eurozone for Europe’s peripheral countries. Through a systematic analysis of Ireland’s main newspapers, it is argued that the media reflect elite views and interests and downplay alternative policies that could lead to more progressive responses to the crisis.
Author:
Publisher:
Published: 2017
Total Pages: 116
ISBN-13: 9789264295490
DOWNLOAD EBOOKValue Added Tax (VAT; also known as Goods and Services Tax, under the acronym GST in a number of OECD countries) has become a major source of revenue for governments around the world. Some 165 countries operated a VAT at the time of the completion of the International VAT/GST Guidelines in 2016, more than twice as many as 25 years before. As VAT continued to spread across the world, international trade in goods and services has also expanded rapidly in an increasingly globalised economy. One consequence of these developments has been the greater interaction between VAT systems, along with growing risks of double taxation and unintended non-taxation in the absence of international VAT co-ordination. The International VAT/GST Guidelines now present a set of internationally agreed standards and recommended approaches to address the issues that arise from the uncoordinated application of national VAT systems in the context of international trade. They focus in particular on trade in services and intangibles, which poses increasingly important challenges for the design and operation of VAT systems worldwide. They notably include the recommended principles and mechanisms to address the challenges for the collection of VAT on cross-border sales of digital products that had been identified in the context of the OECD/G20 Project on Base and Erosion and Profit Shifting (the BEPS Project). These Guidelines were adopted as a Recommendation by the Council of the OECD in September 2016.
Author: OECD
Publisher: OECD Publishing
Published: 1998-05-19
Total Pages: 82
ISBN-13: 9264162941
DOWNLOAD EBOOKTax competition in the form of harmful tax practices can distort trade and investment patterns, erode national tax bases and shift part of the tax burden onto less mobile tax bases. The Report emphasises that governments must intensify their cooperative actions to curb harmful tax practices.
Author: Steven A. Bank
Publisher: Cambridge University Press
Published: 2011-09-22
Total Pages:
ISBN-13: 113950259X
DOWNLOAD EBOOKThe UK and the USA have historically represented opposite ends of the spectrum in their approaches to taxing corporate income. Under the British approach, corporate and shareholder income taxes have been integrated under an imputation system, with tax paid at the corporate level imputed to shareholders through a full or partial credit against dividends received. Under the American approach, by contrast, corporate and shareholder income taxes have remained separate under what is called a 'classical' system in which shareholders receive little or no relief from a second layer of taxes on dividends. Steven A. Bank explores the evolution of the corporate income tax systems in each country during the nineteenth and twentieth centuries to understand the common legal, economic, political and cultural forces that produced such divergent approaches and explains why convergence may be likely in the future as each country grapples with corporate taxation in an era of globalization.
Author: OECD
Publisher: OECD Publishing
Published: 2021-09-15
Total Pages: 355
ISBN-13: 9264424083
DOWNLOAD EBOOKThis report is the ninth edition of the OECD's Tax Administration Series. It provides internationally comparative data on aspects of tax systems and their administration in 59 advanced and emerging economies.