IRELAND ASKED TO REFORM TAXATION OF TERMINATION PAYMENTS
March 15th, 2014
THE IRISH government has been threatened by legal action by the European Commission unless it reforms its taxation of ‘termination payments’ – lump sums paid to employees leaving a company. These are taxed at a lower rate for Ireland-based companies within a multinational group, than for group companies based elsewhere in the European Union (EU). Brussels argues this is illegal discrimination against people working for non-Ireland EU companies, and wants the tax made the same for all EU companies within multi-national groups. If Ireland does not show how it ...
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