Re:Workers Are Fleeing Big Cities for Small Ones, and Taking...
by godzillabrennus on Saturday September 07, 2019 @07:12PM
(#20907300)
Isn’t there no corporate tax rate in Ireland? Probably better to setup a corporation and freelance if taxes for employees is that high.
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Re:Workers Are Fleeing Big Cities for Small Ones, and Taking...
by throwaway122kk on Saturday September 07, 2019 @09:25PM
(#20907943)
Corporation tax, It's there at 12.5% however if you have a company like I done for last 12 years you get hit with exact same income taxes as normal employees. Revenue have angles locked down. In fact as director you loose a pile of tax credits.
But but you can give yourself a loan out of company? Nope withholding tax due on that!
Ok what about expensing everything? Don't do it, Revenue will nail you as you are guilty until you prove yourself innocent in their eyes.