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The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, known as MONEYVAL, has published its 2025 typologies report highlighting a sharp increase in crypto related crime and increasingly sophisticated sanctions evasion techniques. The report offers detailed insight into how criminal networks are adapting […]
Reflecting on 2025 and looking ahead into 2026, Ireland continues to see record-high corporation tax revenues. In 2025, receipts climbed sharply, rising around 17% year-on-year to nearly €33 billion. This reflects robust economic activity and the continuing contribution of large multinationals to the Exchequer. Ireland faces the dual challenge of […]
Starting a Business in Ireland There are many reasons why starting a business in Ireland is a smart decision. Ireland’s economy has shown consistent growth above the EU average. Ireland is one of the most favoured locations for business in Europe when you couple it with easy access to mainland […]
UK Government Reviewing Anti-Money Laundering Laws The UK are currently reviewing its anti-money laundering and counter-terrorist financing (AML-CFT) laws after a broad-based consultation with stakeholders recently. Overview Three different areas are being looked at under this review: The overall effectiveness of the regimes and their scope. Are key elements of […]
New Trust Reporting Rules in Canada New trust reporting rules in Canada came into effect in 2021, which mandate certain trusts to provide further beneficial ownership information on an annual basis. The Reason for the changes and requirements From the 2021 tax year, under the changes, all non-resident trusts must […]
Modifications to Ireland’s Interest Expense Deduction Rules In 2022, many companies throughout Ireland will be required to change the way in which they calculate interest deductions for tax deductions. With that, let’s have a look at the key measures and why Ireland’s rules must change. The changes are included in […]
Business Resumption Support Scheme (BRSS) The Irish Government, in a bid to help businesses recover in the wake of economic restrictions that arose due to the pandemic, has launched the Business Resumption Support Scheme (BRSS). The BRSS Announced in the Government’s Economic Recovery Plan for Ireland, the BRSS will support […]
BEPS 2.0 – Implications for Ireland On the 8th of October 2021, 136 countries put pen to paper on a major international tax agreement. This agreement (BEPS) will see the reallocation of taxing rights on the profits of certain large multinational companies. It will also see the introduction of a […]
Tax Reform Plans – United States Plans for new tax rules for businesses and individuals in the United States are coming together after the Ways and Means Committee of the House of Representatives released legislative proposals to be included in the Build Back Better Act, which is a substantial tax […]
US/UK Tax Treaty Explained The UK and United States governments reached an important agreement in July 2021 on the interpretation of the US-UK double tax avoidance treaty. This agreement will prevent certain taxpayers from being denied access to treaty tax benefits. We’ll summarise below the background of the problem and […]
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