[PAR] [TLE] Taxation in the Republic of Ireland [SEP] In Ireland there is an income tax, a value added tax (VAT), and various other taxes.  Employees pay pay-as-you-earn (PAYE) taxes based on their income, less certain allowances.  The taxation of earnings is progressive, with little or no income tax paid by low earners and a high rate applied to middle to top earners, the top marginal rate of tax (including USC and PRSI) is 52%.  However a large proportion of central government tax revenue is also derived from VAT, excise duties and other taxes on consumption.  The standard rate of corporation tax is among the lowest in the world at 12.5%. [PAR] [TLE] Double Irish arrangement [SEP] The double Irish arrangement is a tax strategy that some multinational corporations used to lower their corporate tax liability.  The strategy has ceased to be available since 1 January 2015, though those already engaging in the arrangement have until 2020 to find another arrangement.  The strategy used payments between related entities in a corporate structure to move income from a higher-tax country to a lower or no tax jurisdiction.  It relies on the fact that Irish tax law does not include transfer pricing rules as does the United States and those of many other jurisdictions.  Specifically, Ireland has territorial taxation, and does not levy taxes on income booked in subsidiaries of Irish companies that are outside the state.
[PAR] [TLE] Taxation in the Republic of Ireland [ SEP ] In Ireland there is an income tax , a value added tax ( VAT ) , and various other taxes . Employees pay pay - as - you - earn ( PAYE ) taxes based on their income , less certain allowances . The taxation of earnings is progressive , with little or no income tax paid by low earners and a high rate applied to middle to top earners , the top marginal rate of tax ( including USC and PRSI ) is 52 % . However a large proportion of central government tax revenue is also derived from VAT , excise duties and other taxes on consumption . The standard rate of corporation tax is among the lowest in the world at 12.5 % . [PAR] [TLE] Double Irish arrangement [ SEP ] The double Irish arrangement is a tax strategy that some multinational corporations used to lower their corporate tax liability . The strategy has ceased to be available since 1 January 2015 , though those already engaging in the arrangement have until 2020 to find another arrangement . The strategy used payments between related entities in a corporate structure to move income from a higher - tax country to a lower or no tax jurisdiction . It relies on the fact that Irish tax law does not include transfer pricing rules as does the United States and those of many other jurisdictions . Specifically , Ireland has territorial taxation , and does not levy taxes on income booked in subsidiaries of Irish companies that are outside the state .
The double Irish arrangement is a tax strategy, that some multinational corporations used to lower their corporate tax liability, it relies on the fact that Irish tax law does not include transfer pricing rules as does the United States and those of many other jurisdictions, the standard rate of corporation tax is among the lowest in the world at 12.5%, in Ireland there is an income tax, a value added tax (VAT), and various other taxes, is called?
The double Irish arrangement is a tax strategy , that some multinational corporations used to lower their corporate tax liability , it relies on the fact that Irish tax law does not include transfer pricing rules as does the United States and those of many other jurisdictions , the standard rate of corporation tax is among the lowest in the world at 12.5 % , in Ireland there is an income tax , a value added tax ( VAT ) , and various other taxes , is called ?
Irish tax law
Irish tax law