Hi,
An example:
ABC Holdings owns 51% of ABC News Ireland.
ABC News Ireland makes €100 million profit in a single financial year.
My question:
Does ABC News Ireland pay 12.5% corporation tax with the profit after tax going on the books of ABC Holdings?
In this case would ABC Holdings then pay 12.5% again on the the €87.5 million?
Or would the profit of €100 million go straight on the books of ABC Holdings who then pays the 12.5%?
An example:
ABC Holdings owns 51% of ABC News Ireland.
ABC News Ireland makes €100 million profit in a single financial year.
My question:
Does ABC News Ireland pay 12.5% corporation tax with the profit after tax going on the books of ABC Holdings?
In this case would ABC Holdings then pay 12.5% again on the the €87.5 million?
Or would the profit of €100 million go straight on the books of ABC Holdings who then pays the 12.5%?