Ireland’s Corporate Tax System is seen as generous for corporations. Base tax rate is 12.5%, which is already low compared to most EU countries. Thanks to bilateral tax treaties with other countries effective tax rates can be much lower. Kinsella McCrea & Associates offers help in using the current tax system best to your company advantage.
Here are some of the most famous yet controversial companies paying taxes in Ireland
Google and Facebook – using one of the most famous base erosion and profit shifting (BEPS) corporate tax tools.
Microsoft, Teleflex, and Allergan – were using treaties with Malta and the UAE to lower their global tax rate. This system was dubbed “The Single Malt”.
Accenture and Apple – using BEPS tool called Capital Allowances for Intangible Assets (CAIA). Companies using this system were able to pay just a 2.5% effective tax rate.