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Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
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Our experienced Deal Advisory team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
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Our Forensic and Investigation Services team have targeted solutions to solve difficult challenges - making the difference between finding the truth or being left in the dark.
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Our FAAS team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
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Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
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Sustainability Advisory
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Asset management Asset management of the futureIn today’s global asset management landscape, there is an almost constant onslaught of change and complexity. To combat such complex change, asset managers need a consolidated approach. Read our publication and find out more about what you can achieve by choosing to work with us.
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Internal Audit Maintaining Compliance with New EU Pension Directive IORP IIOn 28 April 2021, the Irish Government transposed IORP II (Institution for Occupational Retirement Provision), an EU directive on the activities and supervision of pension schemes, into law.
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Risk, Compliance and Professional Standards FRED 82 – Periodic Updates to FRS 100 – 105The concept of a new suite of standards for the UK and Ireland, aligning with international financial reporting standards, was first conceived in 2002
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Audit and Assurance Auditor transition: how to achieve a smooth changeoverAppointing new auditors may seem like a daunting task that will be disruptive to your business and a drain on the finance function. Nevertheless, there are a multitude of reasons to consider a change, including simply seeking a ‘fresh look’ at the business.
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Corporate Tax
Our Corporate Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic and international clients; covering Corporation Tax, Company Secretarial, Employer Solutions, Global Mobility and Tax Incentives.
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Financial Services Tax
The Grant Thornton team is made up of experts who are fully up to date in terms of changing and evolving tax legislation. This is combined with industry expertise and an in-depth knowledge of the evolving financial services regulatory landscape.
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Indirect Tax Advisory & Compliance
Grant Thornton’s team of indirect tax specialists helps a range of clients across a variety of sectors including pharmaceuticals, financial services, construction and property and food to navigate these complexities.
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International Tax
We develop close relationships with clients in order to gain a deep understanding of their businesses to ensure they make the right operational decisions. The wrong decision on how a company sells into a new market or establishes a new subsidiary can have major tax implications.
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Private Client
Grant Thornton’s Private Client Services team can advise you on all areas of financial, pension, investment, succession and inheritance planning. We understand that each individual’s circumstances are different to the next and we tailor our services to suit your specific needs.
The Minister today released the Corporate Tax Roadmap document, which provides an update on Ireland’s corporate tax regime, particularly in the context of global tax developments.
The importance of MNCs to Ireland in terms of tax receipts generally is underlined in the Roadmap, together with the role of Irish pharma and medtech companies in particular in the global fight against COVID.
The future uncertainty in the global tax landscape is noted in the Roadmap. Challenges lie ahead, in particular with the OECD’s latest initiatives which aim to reallocate a portion of corporate profits to market jurisdictions. This would partially erode the corporate tax take in Ireland.
With Democrats now in effect holding both Houses in the US, the probability of more fundamental US tax reform increases, including further penalising US groups that hold their valuable IP in countries such as Ireland. While not called out in the Roadmap, this is a further medium to long term threat to our corporate tax base.
Of interest will be plans to launch a consultation phase on moving towards a territorial regime. While not likely to impact on actual tax take, it should bring much needed simplicity to aspects of our tax regime that will make it more attractive to foreign investors.
As expected, Ireland is due to legislate for new interest limitation rules later this year, to come into effect on 1 January 2022. Originally it had been hoped to delay implementation of these rules until 2024 but pressure from the EU has seen this date move forward.
Also under review are measures to counter payments to offshore locations, including “non-cooperative” jurisdictions. While these are less relevant now following the migration of most significant IP away from tax havens, the tax deductibility and withholding tax position in respect of such payments will be considered to see if any further measures are required.
The Minister’s statement on the need to remain both agile and competitive, within a “forward looking business environment” is critical given the high probability of further global tax changes that will impact Ireland. To the greatest extent possible, we will need to respond to these changes in the future to ensure our tax regime remains a competitive and compelling location for foreign investment.