Tax > Overview - Ernst & Young - Ireland

Liquidity and cash flow have become more critical than ever in a company’s ability to drive its strategic agenda, yet a recent Ernst & Young survey found that many companies have not fully considered the impact that cash tax management strategies can have on their financial position. Wherever a company sits on the financial spectrum — from “cash burn” to “cash earn,” tax provides a variety of strategies to preserve, acquire, or maximize cash to support business goals. Read more in this latest report (pdf, 248kb) from Ernst & Young.

In January 2009, we published our Opportunities in adversity study to provide a basis for discussion with executives as they grappled with the implications of the economic downturn. Six months on, and after having held thousands of client meetings, we have reviewed our experience and summarized key findings to provide you with additional perspectives. Insights on management options are included in a series of related white papers, published in the “Opportunities in adversity section”.

Governments around the world are fighting the first global recession we've experienced since World War II, and tax measures are playing a major part - 56%, according to recent OECD figures - in the range of stimulus packages being rolled out globally. Tax policy has gone global in a major way, and in this study from Ernst & Young, tax measures in 24 major jurisdictions are analysed, and a key set of common themes are apparent, resulting in both challenges and opportunities for the tax function. Read more in Worldwide fiscal stimulus - tax policy plays a major role.

The Finance Bill 2009 was announced on 7 May 2009. View Ernst & Young's coverage of the Finance Bill 2009. 

Irish tax legislation provides for low or no tax on dividends received from foreign subsidiaries. Download Ernst & Young's Holding Company brochure.

Mini-Budget 2009 will be announced on Tuesday, 7 April, 2009. For commentary and analysis see Ernst & Young's Mini-Budget 2009 coverage. 

At Ernst & Young, we are interested in understanding how companies are reacting to the current crisis and learning from their experience and best practice. Uncertainty cannot be allowed to become inaction, performance is relative, a risk is an opportunity that has not yet been exploited.

Whatever a company's position in the current economic climate - from cash-rich to deeply distressed - there is now a great need for decisive management action. There is opportunity in the adversity of the worst of markets. Find that opportunity right now. Read more

A new Commission for Taxation was established by the government on 14 February 2008 to review the structure, efficiency and appropriateness of the Irish taxation system. To find out more, go to our Commission on Tax page.