Search Results for 'Taxation in Israel'

Considering retiring and passing on the family business or other assets to your children? Don’t leave them all with a large tax bill to pay.

Throughout the years there have been many so called “safe investments”. However, forestry seems to have been overlooked by many until now.

Throughout the years there have been many so called “safe investments”. However, forestry seems to have been overlooked by many until now.

Well, what a varied number of conversation items we have this week.

It was encouraging to hear the Minister for Finance announce in his recent Budget speech an increase in the tax free threshold on gifts or inheritances from parents to children. The threshold now stands at €280,000 (increase of €55,000) with effect from 14 October 2015.

arguably that prior Budgets have focused on tax measures to attract Foreign Direct Investment and that supportive tax measures for small businesses and entrepreneurs have received less attention. With the advent of improved technology, the option for Irish entrepreneurs to move their base outside of our shores is now a live one as many of them can easily conduct their business across borders. Therefore the need to encourage new entrepreneurs and support existing entrepreneurs is vital in ensuring the medium to long term health of the Irish economy.

A debate on commercial rates at this week’s meeting of Galway County Council led one exasperated councillor to remark that there would not be a rural pub left in Galway in a few years time if the system was not changed. The method of collecting rates was labelled as ‘outdated and antiquated’ where the amounts paid were in no way related to business income.

The Vintners’ Federation of Ireland (VFI), which represents 4,500 pubs throughout Ireland, has called for reform of the commercial rates system. The VFI believes the commercial rates system is punitive, is a heavy burden on businesses throughout Ireland and is costing jobs in the current climate.

The members of Castlebar Town Council this week agreed to drop the rateable valuation for the year by one per cent. The new rate will be €70.94 for 2011.