CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Charlie McCreevy Expected To Axe Tax Breaks

Charlie McCreevy Expected To Axe Tax Breaks

by Robert Lee, Tax-News.com, London

26 November 2002


Irish Finance Minister, Charlie McCreevy is expected to do away with several tax incentives and shelters which have traditionally benefited the very wealthy in Ireland.

Reporting in the run-up to Mr McCreevy's forthcoming budget, several Irish media sources have announced that the Finance Minister is not planning to increase income taxes in order to balance his books, as demanded by some of his Cabinet colleagues.

However, according to the Irish Independent and others, it is expected that in order to secure more funds, Mr McCreevy will be removing the bloodstock industry's tax exemption, with the imposition of a 12.5% corporation tax on stallion fees likely.

Other potential targets, according to reports, may include the tax exemption afforded to artists, the Seed Capital Scheme, and certain elements of the Business Expansion Scheme.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »