Ireland Election Date Approaches
As the UK gears up to begin the process of leaving the European Union at the end of the month (the implications of which are still, to be honest, as clear as mud in terms of trade and tax matters), near neighbor Ireland has been keeping busy with its own affairs ahead of the Republic’s planned election, to be held in February.
The election is set to take place on February 8, with Prime Minister Leo Varadkar explaining that this date provides a window to ensure a new government is in place ahead of the next European Council meeting in March.
In a recent speech, Varadkar revealed that the next step in the Brexit process, which is likely to especially impact the Republic due to its location and close relationship with the UK, will be to negotiate a free trade agreement between the EU and the UK “that protects our jobs, our businesses, our rural communities, and our economy.”
According to Varadkar, “the capacity to everything else that needs to be done” – including tax reform – “depends on achieving this outcome.” Varadkar added that his party, Fine Gael, has “a plan for fairer taxes.”
Deputy Prime Minister Simon Coveney reiterated that “the future relationship with the UK must be negotiated, and negotiated at speed.”
For more information on this, and other topical international tax matters, please visit: https://www.cchgroup.com/roles/corporations/international-solutions/research/global-tax-weekly-a-closer-look