Page 136 - TDH2012

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IRELAND
 – Leading tax law firms
www.taxdirectorshandbook.co.uk
136
A
&L Goodbody
is a ‘
one-
stop-shop for clients’ need
s’,
and is lauded for its
commercial approach
’. In
terms of individuals, the team has an
embarrassment of riches
’; practice head
Peter Maher is ‘
very able and responsive
’,
and James Somerville and John Hickson
are also highly recommended. The
firm acted for the Hertz group on a
European bond issue and refinancing,
and Deutsche Bank on the restructuring
of its Irish Eurocredit vehicle. The ‘
deeply
knowledgeable, efficient and commercial
Andrew Quinn has recently moved to
Maples and Calder
.
Conor Hurley runs a ‘
professional
practice
’ at the ‘
top-notch
Arthur Cox
.
Caroline Devlin is picked out for her
brilliance
’, and Fintan Clancy is applauded
Ireland – Leading tax law firms
2006 2007 2008 2009 2010 2011
Tax evasion does not damage
public finances*
6.27 5.37 5.70 4.67 4.75
Real corporate taxes do not discourage
entrepreneurial activity*
7.89 7.96 7.61 8.00 7.42 8.31
Corporate tax rate on profit (maximum,
calculated on profit before tax)**
12.50 12.50 12.50 12.50 12.50 12.50
Consumption tax rate (standard rate of
VAT/GST)***
21.00 21.00 21.00 21.00 21.00 –
*IMD WCY Executive Opinion Survey based on an index from 0 to 10 (0 hampers business activity; 10 does
not hamper business activity) **IMD World Competitiveness Online ***Source: OECD, national sources
2004 2005 2006 2007 2008 2009
Collected tax revenues
30.05 30.42 31.77 30.95 29.05 28.48
Collected indirect tax revenues
11.35 11.51 11.41 11.19 10.78 9.95
Collected corporate taxes
3.59 3.59 3.78 3.38 2.82 2.44
Figures are given as percentage of GDP