Monday 19 February 2018

The 'tax neutral' quandary: just because it is legal does not mean that it is right

Finance Minister Michael Noonan Photo: Tom Burke
Finance Minister Michael Noonan Photo: Tom Burke
Dearbhail McDonald

Dearbhail McDonald

The trick to hiding in plain sight is to look boring.

And there are few areas in life that look, at first glance, as boring as corporate tax structures.

This is especially when those "innovative" tax structures involve complex concepts like debt securitisation and the setting up of entities such as off-balance Special Purpose Vehicles (SPVs) to engage in financial transactions in a 'tax neutral' manner.

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