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Ireland consults on Interest Limitation rule

Ireland consults on Interest Limitation rule

Ireland consults on Interest Limitation rule

TaxWatch

TaxWatch

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On 14 November 2018, the Irish Government launched a consultation on its adoption of certain measures under the European Union (EU) Anti-Tax Avoidance Directive (ATAD). The consultation relates to Ireland’s adoption of measures to counteract cross border hybrid mismatches as well as matters to consider when Ireland moves to adopt a general interest limitation rule.

In this article, Tom Woods, Head of Aviation Finance & Leasing takes a look at the consultation questions with respect to the interest limitations rule and highlights areas that are likely to be of interest to businesses in the leasing sector as well as those engaged in asset financing across the financial services sector more generally.

This includes a review of the interest limitation rules as set out under ATAD and the various exclusions and options for Member States to choose from in implementing interest limitation measures and considers some of the practical issues that may arise for those operating in the leasing sector.

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