Introduction

Welcome to the City Trust Newsletter, our quarterly publication containing new and topical issues, delivered straight to your inbox.

As well as dealing with the ongoing recession, we have had to deal with substantial legislative changes, a number of which have had a negative impact on the way we all conduct our business. These changes require a greater time commitment on behalf of both clients and their professional advisors in order to comply with the new legislation, with little or no financial gain. However, we continue to see legislation enacted which presents us with positive opportunities, and certainly in Ireland there have been a number of these in the recent Finance Acts. These include, welcome changes to the Intellectual Property (“IP”) regime; the introduction of specific legislation for Islamic finance; an extension of the tax exemption for start up companies (which is covered in more detail in this newsletter); and the commitment by the Irish Government to retain the 12.5% Corporation Tax rate.

I very much hope you find our articles both relevant and interesting, and I personally welcome any suggestions of ways we can improve the newsletter, or on topics you would like covered in future editions.

Regards, 

Danny Cox, CEO