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Image header Agence Europe
Europe Daily Bulletin No. 9399
Contents Publication in full By article 35 / 45
GENERAL NEWS / (eu) eu/taxation

Commission urges Ireland to end discriminatory taxation of income sourced in UK and asks UK to provide information about similar rules

Brussels, 02/04/2007 (Agence Europe) - On 30 March 2007, the European Commission decided to send Ireland a reasoned opinion requesting that it amend its concerning remittance base taxation. Ireland normally does not tax income received by non-domiciled persons from money invested abroad if the interest is left on the foreign bank account. The Irish legislation excludes from this rule income sourced in the UK and thus treats such income less favourably than income arising elsewhere in the EU....

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