Fantasy Budget 2021 – The Winners
Fantasy Budget is our annual competition to get undergraduate students throughout Ireland exploring the Budget. We invite teams of up to four students to critically analyse key measures impacting individuals, Irish businesses, and foreign investment. They also must think like a Minister of Finance and propose a measure to be introduced. This year with a global pandemic, the participating teams had to apply their academic knowledge to an unprecedented real-life […]
Tax Talk Episode 4: Taxpayers’ Rights
The protection of taxpayers’ rights is central to the purpose of the Institute – the need to ensure an appropriate balance between their rights and obligations has long been a focus of our deliberations. Two years ago, the Institute set up a Working Group to examine how this might best be achieved. Given our work on this issue, we warmly welcomed the recently launched European Commission initiative on Taxpayers’ Rights, […]
Response to the Feedback Statement on ATAD Interest Limitation Rule
On Monday 8 March, the Institute responded to the Department of Finance’s Feedback Statement on the implementation of the final measure of the Anti-Tax Avoidance Directive (ATAD), Article 4 Interest Limitation Rule (ILR). The ILR, which will introduce a fixed based ratio rule to limit a company’s allowable tax deduction for net interest cost in a tax period to 30% EBIDTA, will be transposed into Irish law in Finance Bill […]
Women in Tax on International Women’s Day
Just over half of the Irish Tax Institute’s members are women. To mark International Women’s Day, we spoke to a cross-section of women in tax. They reflected on their working lives and their experiences working in tax. We also got insight from Paul Vance, Head of Resourcing at KPMG, to see if the pipeline and working environment allow for women to succeed. In the first of three videos, we look […]
Institute’s response to the public consultation on EII
On 12 February, the Institute responded to the Department of Finance’s public consultation on the Employment Investment Incentive (EII). The EII scheme is a vital source of finance for early stage and small businesses. Rather than solely relying on Government to inject cash into the economy, the EII could be used, by the private sector, to support the return to business following the Covid‐19 pandemic and to boost the creation […]