Ireland? Hard to beat 12.5% Corporation Tax on retained company earnings.
So if paddydeplasterer is pulling €100K+VAT for his labour in a year and he sets up a limited company he pays only 12.5K to the taxman and can enjoy €87.5K Nett of tax for himself. He can withdraw this from the company in cash each year and its all above board?
Is it not the case that if you are resident in Ireland, then you are taxed on your worldwide income.
Any Corporation Tax would be payable in whichever country your company is registered, but any salary you pay yourself will be subject to Irish income tax.
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