Gianni Mario Colombo, associate of Cahill-Caizzone, has recently published the e-book “The Exceptional Operations Of Third Sector Entities – Civil Law, Tax And Accounting Aspects“.
The book talks about the reform of the third sector in Italy and how the exceptional operations are regulated.
This last Colombo’s work, written with Maurizio Setti’s collaboration, analyses what changes with the introduction of art. 42 bis in First Book of Civil Code of the italian juridical system.
The e-book, available on WKI Shop, explains the latest Third Sector Reform and how it has allowed homogenous exceptional operations between no profit entities. Before the reform they weren’t explicitly provided by the law, even if they were admitted by doctrine and jurisprudence.
The main topics are:
- The transformation of a social cooperative into a foundation;
- The transformation of an association into a cooperative;
- Main accounting records in case of transformation of the third sector unit;
- Accounting profiles and tax implications;
- Accounting aspects and tax implications;
- Transfer of the company between entities in the third sector;
- Extraordinary operations of enlargement of the associative group;
- Extraordinary operations following the insolvency of the entity,
- Exceptional and indirect operations;
- Assets for a single business or more
The e-book is available on WKI.
Minister Humphreys and Enterprise Ireland announce €750,000 Competitive Start Fund for Irish start-ups in all sectors. The fund will provide up to €50,000 in equity funding for up to 15 successful entrepreneurs and start-ups.
the Irish Mirror.
Aakanksha Surve on
Funding of €750,000 has been announced for Irish start-ups by Business Minister Heather Humphreys TD and Enterprise Ireland.
The 2019 Competitive Start Fund (CSF) will be open to all business sectors with the applications starting on January 29.
Up to 15 successful entrepreneurs and start-ups will be provided with nearly €50,000 in equity funding.
Applications close at 3pm on February 12.
Ms Humphreys said: “In Ireland, we have cultivated an environment for entrepreneurs where they can turn innovative ideas into a business reality.
“Targeted initiatives such as the Competitive Start Fund are vital supports for early-stage start-ups and the fund is an integral element of my department’s support for entrepreneurs through Enterprise Ireland.
“As well as crucial funding, the CSF provides valuable business support and networking opportunities to innovative entrepreneurs and companies at the start of their journey.”
The funding is a part of Enterprise Ireland’s strategy for increasing the number and quality of high potential start-up (HPSUs) companies with potential to employ more than 10 people and achieve €1 million in export sales within three years.
Joe Healy, divisional manager, HPSU, Enterprise Ireland, said: “A fundamental aspect of Enterprise Ireland’s support for indigenous businesses is the support for our robust start-up ecosystem, both financially and in terms of mentoring.
“The CSF provides critical, initial funding for early-stage start-ups with the potential to take their product to international markets.
“This All Sector CSF will provide a kick-start for up to 15 companies who have an idea, have a plan, have a team, but don’t have the resources to go to market.
“A funding boost of up to €50,000 in addition to mentoring opportunities and access to networks will help these companies get off the ground.”
Some EU countries other than Ireland are considering lowering their corporate tax rates recognizing the benefits that this action might bring.
Article by Gavin McLoughlin on Independent.ie
A number of EU countries are considering lowering their corporate tax rates to try and get a competitive advantage, Finance Minister Paschal Donohoe has said.
It is a sign of the competitive pressure Ireland amid upheaval in the international tax landscape.
Polish Prime Minister Mateusz Morawiecki yesterday made an emotive plea for reform – saying EU “tax havens” should be abolished in a thinly veiled swipe at Ireland.
But today Mr Donohoe said some EU countries recognise the benefits that lowering corporate tax can bring.
“There are other countries who are now debating with themselves should they be lowing their top line corporate tax rates, and they can see the competitive benefits that that can bring, “he said, adding that “there’s always questions and tension as countries compete with each other”.
In a panel discussion yesterday Mr Donohoe ruled out cutting Ireland’s 12.5pc rate any further, saying this country would not be part of any race to the bottom. Making a decision to cut the rate would attract international criticism, given the way our treatment of big companies has been received in some quarters.
Mr Donohoe was speaking at the World Economic Forum in Davos where he has been seeking to round up support from other countries ahead of an important international tax reform process.
The process is being run by the Organisation for Economic Co-operation and Development (OECD), which is seeking to find a way of effectively taxing big tech companies.
“While I can’t give a commitment to what our final view is going to be because we’re at the start of the process, we achieved a huge amount on corporate tax reform through the OECD, and I’m committed to trying to do the same now on the issue of digital taxation,” Mr Donohoe said.
He said he didn’t want to outline any ‘red lines’ but that he would be concerned about any change that would mean companies are taxed according to where their users are based. That would hurt Ireland because of its small population.
Ireland has consistently said the OECD is the right forum to resolve tax matters rather than the EU. But at OECD level Ireland doesn’t have a veto and could find itself isolated internationally if it can’t sign up to a final agreement.
“We will be putting all of our efforts into coming up into a platform that we can agree to,” Mr Donohoe said.
“I think this process could take anywhere between 18 and 24 months. But it will be a very important process for Ireland as the last one was.”
Asked about trying to balance the need for support on Brexit with the desire to maintain our tax sovereignty, Mr Donohoe said there was a group of EU countries who backed Ireland’s position that unanimity should be needed for EU tax changes.
Ireland’s 245,000 small businesses can create 25,500 new jobs in 2019 and make a significant contribution to the Irish economy.
Article by Robert McHugh on the Businessworld.ie
With a national Small Business Strategy, Ireland’s
245,000 small businesses can create 25,500 new jobs in 2019, reinvigorate towns
and villages around the country and make a significant contribution to the
Irish economy. This according to research carried out by the Small Firms
Domestic economic growth in 2019 is likely to be close
to 4.5% and SFA members see this as the biggest opportunity for their business
in the coming year, despite the external backdrop. Two thirds of SFA member
companies plan to take on additional staff and the Association estimate that
together small businesses will create 25,500 jobs in 2019.
The SFA is calling for the introduction and
implementation of a national Small Business Strategy for Ireland. This
initiative is calling on government to target the development of small business
across all regions with just as much energy and strategic focus as they have
put on attracting FDI from the 1950s to the present day.
In her end of year statement, Chair of the Small Firms
Association (SFA), Sue O’Neill said, “In the run-up to Brexit it is to be
expected that small firms will be more cautious regarding investment decisions
until there is more certainty of what the final relationship between the EU and
UK will look like.”
She added, “The SFA urges the EU and UK
Government to make every effort for a decision on the Brexit withdrawal
agreement. While a ‘no-deal’ outcome remains unlikely, the SFA calls on the
Irish Government to step up preparedness planning by putting in additional
measures to support small firms respond to such an outcome.”
Dublin has been ranked as the number one large city in the world for foreign direct investment (FDI) according to a new report published yesterday.
Article published on the Irish Examiner
The Global Citiesof the Future 2018/2019 report, published yesterday by fDi Intelligence, also saw the capital ranked number two globally for ‘business friendliness’.
The report recognised the city’s potential with Dublin ranked number one for ‘economic potential’ among large cities.
Dublin retained its third place position as the overall ‘Global City of the Future’ and entered the top ten in the category ‘Large Cities for Human Capital and Lifestyle’.
According to the report, during the five-year period analysed almost half of all FDI in Dublin was tech-based. Thecity has established a reputation as a software and IT hub, with major investments in recent years from US software giants including Facebook and Google.Owen Keegan, Chief Executive of Dublin City Council said that today’s report is a”phenomenal achievement” for the city.
“International rankings are an important benchmark to rate Dublin’s economic performance against our international peers, and we’re delighted to see that not only have we retained our overall third position globally, we’ve topped the category for our size and for economic potential.
“Our impressive performance as a city is a direct result of a supportive public policy environment created at both local and national level as well as multi-agency co-operation and collaboration across Government.”