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Europe Daily Bulletin No. 11176

15 October 2014
ECONOMY - FINANCE / (ae) taxation
Commission WELCOMES CANCELLATION OF Double IRISH

Luxembourg, 14/10/2014 (Agence Europe) - On Tuesday 14 October, European Commissioner for Taxation Algirdas Semetawelcomed the decision of the Irish authorities to cancel the Double Irish, a tax optimisation technique which allows businesses to create a holding under Irish law. Profit made in Europe is channelled back into this holding in the form of patent or intellectual rights fees. Furthermore, Irish law allows these businesses to have their actual management centre in a different...

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