Institute News
This is where you’ll find the latest updates about the Irish Tax Institute.
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Irish Tax Institute Response to Minister for Finance Statement on Corporation Tax
The Irish Tax Institute notes the statement by the Minister for Finance, Michael McGrath T.D. on corporation tax published yesterday (Thursday, 14 September 2023). Tom Reynolds, President of the Irish Tax Institute, said: “We welcome the Minister’s commitment to legislate for a participation exemption for foreign dividends of companies based in Ireland, but we are disappointed that the legislation will not be published until Finance Act 2024, to come into […]
Tom Reynolds, President of the Irish Tax Institute 2023 – 2024
Tom Reynolds was inaugurated as the Institute’s 48th President at the AGM on 7 September. Tom has worked in senior tax roles in multinational manufacturing industries for the last 28 years including Kerry Group where he started his career. He is currently Vice-President of Tax, M&A and Business Structuring at Schneider Electric, a global specialist in energy management and automation. Before taking up his role as President, he spoke to […]
Pre-Budget 2024 Submission
The Institute submitted its Pre-Budget 2024 Submission to the Minister for Finance, Michael McGrath T.D., on 30 June. In the submission, we highlight the changes the Government must make to the tax system to strengthen the resilience of the economy. While retaining and attracting foreign direct investment (FDI) will continue to be key part of a balanced and sustainable growth strategy, building productivity and innovation in the indigenous sector must […]
New Publication – Valuations for Tax Purposes
The 1st edition of Valuations for Tax Purposes brings together general principles of valuations with tax-specific provisions and guides on the particular rules which may impact on how valuations differ across the taxes. Expertly authored by Marie Flynn, PwC Private, this unique commentary is divided into three parts: Part 1: General principles of tax valuations including case law, specific commentary on valuing private companies, minority/marketability discounts, commentary on the valuation […]
Commission on Taxation and Welfare Report – the Practical Implications Seminar
On Wednesday (22 March) morning, the Institute hosted a complimentary seminar for members on the Commission on Taxation and Welfare Report – the Practical Implications. Over 100 members joined us in the Royal College of Physicians for the event. You can see photos from the event here. The seminar began with a keynote address from the Minister for Finance, Michael McGrath TD. The Minister’s address was followed by a Q&A […]
Business tax compliance burden is compromising Ireland’s competitiveness
Institute President argues business tax compliance burden needs to be lightened while maintaining robust administrative system Institute calls for territorial system of taxation as ‘Ireland is now an outlier among OECD countries’ Friday February 24, 2023. The President of the Irish Tax Institute today warns that the complexity of our business taxes is damaging Ireland’s reputation as an easy location for doing business. In his address at the Institute’s Annual […]