For a long time Ireland was the poorest country in Western Europe. However, in the 1990s it experienced a period of high economic growth. From 1995 to 2000 it realized average annual economic growth of 9.9 percent, which made it the fourth richest country in the world in 2006. The Celtic tiger was born.
The secret to this economic resurgence is based on a number of factors, including a low tax rate. In addition, the axing of tuition fees led to a relatively highly-skilled workforce. Ireland’s position as a poor country ensured that the average wage was extremely low compared to other European countries. Ireland was therefore an attractive location for (US) companies, being an English-speaking country within the European economic area with a highly-skilled and cheap labor force and offering the necessary tax incentives. Consequently, a large number of foreign companies, including Apple, Google and Facebook, established themselves in Ireland.
Meijburg & Co’s Ireland Country Desk works closely with KPMG Ireland in advising clients. In this context, regular meetings take place between Meijburg & Co and KPMG Ireland, including technical tax updates. Our clients consist of individuals and businesses operating in, for example, the financial, digital, pharmaceutical, retail, construction, real estate and aircraft/aircraft leasing industries. We also provide advice on Dutch and Irish corporate income tax, VAT, customs, payroll tax and personal income tax, social security, withholding taxes, inheritance tax and local taxes.
The members of the Ireland Country Desk have many contacts at private and public sector organizations in the Netherlands and Ireland that are concerned with the provision of financial and tax services as well as the promotion of trade between both countries. Meijburg & Co and the individual members of the Country Desk are members of the Irish Netherlands Business Association, for example.
Please feel free to contact us if you would like to arrange a meeting without any obligation.