Fianna Fail Friends Won't be Happy With Change in Tax Residence rules!

[Parnella]

[FONT=Verdana][SIZE=2]Previously it was midnights spent in the unoccupied 26 counties that counted to see if Fianna Fail's tax dodging benefactors were tax resident. It's now been changed to anytime during the day. [/SIZE][/FONT]
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[FONT=Verdana][SIZE=2][COLOR=#800080]Explanatory Memo Finance No.2 Bill 2008 - Department of Finance - Government of Ireland[/COLOR][/SIZE][/FONT]
[FONT=Verdana][SIZE=2][COLOR=#800080][/COLOR][/SIZE][/FONT]
[FONT=Verdana][SIZE=2]"Section 13 amends section 819 of the Taxes Consolidation Act 1997 to provide that, in determining the number of days spent in the State for tax residence purposes, an individual shall be present in the State for a day if he or she is present in the State at any time duringthat day."[/SIZE][/FONT]
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[FONT=Verdana][SIZE=2]They'll either have to stay away a lot longer, pay tax or be like Christy Cowen and Beverley Cooper Flynn's mates and evade tax until you're caught. [/SIZE][/FONT]

[Kevin Doyle]

The Cinderella clause was one of FF's more disgraceful concessions to the so-called super-rich.

It appears that through economic and electoral necessity they are having to close all the loop holes to those who have practically bankrolled the party for the past decade.

FF finally grows a conscience? We shall wait and see.

[euroboy]

Well it's about time they addressed that, the mega rich who could afford to land with their private jet on their resident 'non' residence take all the advantages of Irish society while avoiding paying their due taxes because of a favourable tax law.

Now if only the state was to change the tax base to include Irish citizenship, it would go someway towards collecting taxes that they should be paying.

[seabhcan]

Interesting. So someone who transits through Dublin airport too often might be considered a resident?

[zakalwe1]

Interesting. So someone who transits through Dublin airport too often might be considered a resident?

how is that likely? its not as if shannon or dublin is like heathrow!

[odie1kanobe]

This is following the legislation implemented in the UK last year and gets around those in the City of London who flew in Monday morning and flew out Thursday afternoon or Friday afternoon so with holidays and other days they could get under the 183 day rule for being a non resident.

[Ed Dantes]

This could land several Northern Ireland workers in trouble - transport workers, couriers etc. - who regularly travel into the Republic. Will the man who drives the bus from Derry to Dublin 5 daysa week be regarded as an Irish resident?
Ridiculous? just taking the rules at face value, as Revenue will.

[seabhcan]

This could land several Northern Ireland workers in trouble - transport workers, couriers etc. - who regularly travel into the Republic. Will the man who drives the bus from Derry to Dublin 5 daysa week be regarded as an Irish resident?
Ridiculous? just taking the rules at face value, as Revenue will.

He'd probably be better off being tax resident in the south.

How would the revenue know about him? And if he enters and leaves the state every day, then wouldn't he be equally resident in the North? We have a rule against double taxation, so who gets his tax?

[geraghd]

Well it's about time they addressed that, the mega rich who could afford to land with their private jet on their resident 'non' residence take all the advantages of Irish society while avoiding paying their due taxes because of a favourable tax law.

Now if only the state was to change the tax base to include Irish citizenship, it would go someway towards collecting taxes that they should be paying.

So Irish citizens based abroad (such as myself) would end up paying tax both here and there simply because I wish to continue being an Irish citizen?

[euroboy]

There are safeguards in place under EC law for frontier or cross-border workers so that they are taxed in the country they reside rather than in the country(s) they work.

I believe the new legislation is targeted at people who claim to be non-resident for tax purposes but for all intents and purposes are resident here.