The Taxation of Companies 2010 by Michael Feeney

Date01 January 2011
AuthorLynn Cramer
THE TAXATION OF COMPANIES 2010
MI CHAE L FE ENEY
Bloomsbury Professional, May 2010
ISBN 978–1–84766–384–9
Lynn Cramer, Matheson Ormsby Prentice
The la test edi tion of Michael Feeney’s book, the Taxation of Companies
2010 is a must have for anyone whose work brings them into regular
contact with the tax implications of bu siness operating i n Ireland. This
comprehensive and detailed book is seen as the seminal work in this area
and is invaluable for lawyers, accountants and tax practitioners alike. There
is no doubt that we are living through interesting and changeable economic
times and nowhere are these changes more clearly evidenced than in the
amendments to the tax code effected by recent Finance Acts. Due to the pace
of recent economic and legislative change, the Taxation of Companies Act
2010 takes account of the vast array of changes introduced by two separate
Finance Acts, Finance Act 2009 and Finance Act 201 0, as wel l as the tax
measures c ontained in the Nati onal Asset Management Agency Ac t 2009
(“NAMA Act”). This all means that there is plenty of new material to be
covered and Feeney highlights these changes in a clear, concise and factual
foreword.
The provisions of these new Acts have wrought many changes to the Irish
tax landscape, including the introduction of the intangible asset ca pital
allowance regime, the extension of the scope for entitlement to the 12.5 per
cent corporation tax rate on foreign dividend income, changes to the
research and dev elopment tax credit provisions, th e introd uction of
provisions to provide for Islamic finance and the introduction of tra nsfer
pricing to Ireland. It is the explanation and analysis of these new provisions
in plain English in this latest edition of the Taxation of Companies which
experienced practitioners will be most interested in.
The Taxation of Compan ies 2010 is presente d in a well-ordered and
logical fashion and the introductory chapter goes thro ugh the principal
features of corporation tax and gives a brief but interesting insight into the
background to Ireland’s 12.5 per cent corporate tax rate. The introduction
provides a useful summary of some of the more important tax heads which
apply to companies and chapter two sets out an explanation of some
important definitions contai ned in the Taxes Consolidation Act 1997 (the
“TCA”), an understanding o f which is necessary for any detailed ana lysis
of the provisions of the TCA.
HJ Review:Layout 1 29/06/2011 14:48 Page 238

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT