www.irishtimes.com - IFSC: THE GOVERNMENT has introduced a package of 21 measures in the Finance Bill to help improve the attractiveness and competitiveness of the international financial services industry.
The Minister for Finance Michael Noonan has said that any one of the measures on their own would not have a major effect but taken together they would help improve the industry in Ireland.
He described the measures as “small, nuancing adjustments” to the attractiveness of the financial services industry package. (source)
Showing posts with label finance bill. Show all posts
Showing posts with label finance bill. Show all posts
Friday, February 10, 2012
IRELAND - The stranger bits of Finance Bill 2012: from cricket to Islamic finance
thejournal.ie - THE FINANCE BILL 2012 was published yesterday by Minister for Finance Michael Noonan and among the Mortgage Interest Relief measures and tax changes for businesses, the Bill also clarified the following (more unusual) elements of Irish taxation:
...3. Islamic Finance
The Finance Bill also includes enhancements to the tax regime for Islamic finance.
This area of finance in Ireland, which although faith-based is not limited to Muslims, was introduced in the Finance Act 2010, and refers to financial transactions which are consistent with the principles of Islamic or Sharia law. (source)
For the Finance Bill click here
...3. Islamic Finance
The Finance Bill also includes enhancements to the tax regime for Islamic finance.
This area of finance in Ireland, which although faith-based is not limited to Muslims, was introduced in the Finance Act 2010, and refers to financial transactions which are consistent with the principles of Islamic or Sharia law. (source)
For the Finance Bill click here
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