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Deloitte comments on Spring Economic Statement

Commenting on the Spring Economic Statement, announced today, Tom Maguire, Partner, Tax Policy and Technical Services, Deloitte commented:

“The minister reiterated the Government’s absolute commitment to keeping the corporation tax rate at 12.5 per cent, calling it a ‘red line’ for the Government.  Ensuring a steady approach to recovery will be key principles underpinning this. It’s often mentioned in budgetary processes and taxation matters, but always rings true – the devil is in the detail and as always this will be revealed in Budget 2016 and the Finance Bill. 

“The Minister noted in his statement that the international rules governing tax policies are changing. In particular, the ongoing BEPS process currently being undertaken by the OECD, is one that Ireland will need to keep a close eye on, as this will affect future Finance Bills.  Steady as she goes, with a watching brief on important international developments, is where Ireland now stands.”

Ends  

For Further Information Please Contact

Aoibheann O’Sullivan

Murray Consultants

01 4980346

aoibheann.osullivan@murrayconsult.ie

Claire Quinn

Deloitte

01 4172356

cquinn@deloitte.ie 

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/ie/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

The information contained in this press release is correct at the time of going to press.

Deloitte has almost 2,000 people in Ireland providing audit, tax, consulting, and corporate finance services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. 

Deloitte has more than 200,000 professionals, all committed to becoming the standard of excellence.

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