| Artists Tax Exemption
The Review
In late 2004 Brian Cowen, Minister for Finance, announced a review of all tax relief schemes operating in Ireland. The Artists Tax Exemption scheme was one of many schemes put under review. There was, however, a disproportionate amount of negative publicity concerning the Artists Tax Exemption which resulted in calls from some quarters for it to be either abolished or for a cap to be placed on the level of income that can be exempted though the scheme.
Visual Artists Ireland believes the Artists Tax Exemption has been a real success for Ireland and that the scheme should remain in place and unchanged.
Visual Artists Ireland has initiated a campaign in partnership with others, in particular the Irish Playwrights and Screenwriters Guild to try and ensure that the scheme is maintained in full.
You can find out more about the 2004 review process below and read about our position and lobbying campaign for the retention of the scheme by clicking on the links on the navigation bar on the left.
Minister for Finance Brian Cowen announced in his Budget 2005 Statement on 1st of December, 2004 that the Department of Finance and the Office of Revenue Commissioners would review certain tax incentive schemes and tax exemptions.
Although no specific reference was made to the artists' exemption scheme, the minister said that he intends to eliminate the concept of unlimited or unrestricted relief, claiming such reliefs are no longer viable or ‘acceptable’ to the general tax-paying public.
See below for supporting documents which the Minister released to give some context to the review process.
finance.gov.ie/viewdoc.asp?fn=/documents/PressReleases/2005/Bckgrddoctaxrelief.pdf
(Background Document on 2005 Review of Tax Reliefs)
finance.gov.ie/viewdoc.asp?fn=/documents/PressReleases/2005/tsg_22_04.pdf
(Supporting documentation)
finance.gov.ie/viewdoc.asp?fn=/documents/tsg/2003/tsg0228.rtf
(Tax incentives/Expenditures) |
