Recent budgetary changes in taxation have made Ireland a prime location for the establishment of global Venture Capital and Research and Development operations according to a new report by PricewaterhouseCoopers.
“The changes have particular significance for global Venture Capital companies as the Irish Government has now introduced highly attractive tax incentives for carried interest,” commented Regina Breheny, Director General, Irish Venture Capital Association. Carried interest refers to the share of the proceeds a venture capital investor realises from the sale of a firm in which they have invested.
Carried interest is treated as a capital gain rather than income and is now taxed at a lower rate of 15% for individuals holding interest through a partnership, or 12.5% for corporates. The changes are effective from 1 January 2009.
A comprehensive report in our Intelligence Report series examining tax-sheltering arrangements for investors, including Venture Capital, Forest Finance and Film Finance in a number of key jurisdictions, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report5.asp
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment