Ireland's 2015 Budget Presented Including the End of the "Double Irish" and Individual Income Tax Cuts

On 14 October 2014, Ireland's Minister for Finance Michael Noonan and Minister for Public Expenditure Brendan Howlin presented Budget 2015. Key tax aspects of the budget are summarized as follows:

Corporate Taxation

• The corporate tax rate of 12.5% will remain unchanged.
• The "Double Irish" scheme will be abolished with the introduction of the requirement that companies registered in Ireland be resident in Ireland for tax purposes. The change will apply for new companies established from 1 …