Can Google's tax planning be applied to a small company?

The best tax strategy for small one owner companies is to pay out the profits as salaries or pension contributions.

They don't need to go to such lenghts.

Brendan
 
Such a web of holding companies and other legal entities would be very expensive to set up and run. If you could afford such a set up, you would not be a small company!
 
JamesGG said:
http://en.wikipedia.org/wiki/Double_Irish_arrangement

Reading about google and apple etc that use such set ups. Are they only for big fish or do they work for smaller companies too? How much realisticly would such a set up cost to put in place and how much €s would the company have to be actually making for it to be worth while. Thanks.
Click to expand...

Unless the small company in question has valuable intellectual property to exploit you don't really have a starting point...??
 
There is also a whole heap of anti avoidance legislation that would catch you at every corner. Unlikely to apply to Google etc as listed company (and not close) and it is likely that such a structure did not involve moving anything out of Ireland. It was probably transferred to tax free country via a cost sharing agreement or something similar.

In any event from the Minister for Finance was saying tonight Irish non-resident companies will be gone from 1 January 2015.
 
You must log in or register to reply here.
Back
Top