Ireland - Oct 13

Ireland’s Minister for Finance, Michael Noonan, announced the country’s first austerity-free budget in seven years. Also announced was the gradual phasing out of a loophole that has allowed multinational corporations to lower how much they pay in tax. The removal of the ‘Double Irish’ arrangement will require all companies by 2020 to be registered as tax resident in Ireland to prevent the practice of channeling revenues through subsidiaries into offshore companies.

Source: Irish Times, Euro News