Irish budget: Michael Noonan is to abolish ‘Double Irish’ tax structure

The Irish Finance Minister Michael Noonan presented Ireland's budget for 2015 on the 14 October 2014. It was billed as the first non-austerity budget since 2007.

Amongst the proposals Mr Noonan announced that he was abolishing the controversial 'Double Irish' tax structure.
This had allowed large multinational firms like Google, Facebook and Apple to legally shift substantial profits from Ireland to countries that are considered tax havens.

• Primary Source

ESO: Background information: EU to accuse Apple of taking illegal tax aid from Ireland http://www.europeansources.info/record/eu-to-accuse-apple-of-taking-illegal-tax-aid-from-ireland-reports-say/

Ireland: Ministry of Finance: Budget 2015 Fact Sheets http://www.finance.gov.ie/what-we-do/tax-policy/publications/data-statistics/budget-2015-fact-sheets

The Guardian, 14.10.14: Ireland to close ‘double Irish’ tax loophole http://www.theguardian.com/business/2014/oct/13/ireland-close-double-irish-tax-loophole

The New York Times, 14.10.14: Ireland to Phase Out Tax Break Used by Technology Firms http://www.nytimes.com/2014/10/15/business/international/ireland-to-phase-out-tax-advantage-used-by-technology-firms.html?_r=0

EurActiv, 14.10.14: Ireland ditches tax loophole for multinationals in post-austerity budget http://www.euractiv.com/sections/euro-finance/ireland-ditches-tax-loophole-multinationals-post-austerity-budget-309173

EUObserver, 15.10.14: Dublin to scrap 'double Irish' tax loophole http://euobserver.com/news/126070

The Irish Times, 14.10.14: Austerity has done great damage to Ireland (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE151949-Austerity-has-done-great-damage-to-Ireland

EurActiv, 15.10.14: Ireland to phase out tax loophole http://www.euractiv.com/sections/euro-finance/ireland-phase-out-tax-loophole-309190

The Conversation, 15.10.14: There’s more to Ireland than a ‘double Irish’ tax loophole http://theconversation.com/theres-more-to-ireland-than-a-double-irish-tax-loophole-32970

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