Dr Dre Establishes Beats Headphone Empire in Ireland, But Why?
US rap producer/entrepreneur Dr Dre has set up a tax base in Ireland. The town of Clonakilty will be home to three companies in the rapper’s global headphones business. Dre’s Beats group includes three Irish companies, all which the same registered office in the west Cork town. Thus, Beats Electronic Services, Beats Electronics International and Beats Electronics Holding Ltd are all based in the Irish town.
Some of the advantages Dre will enjoy being setup in Ireland are as such:
The key features of Ireland’s Tax Regime
- Corporate tax rate of 12.5% for active business.
- 25% Research & Development (R&D) Tax Credit
- An Intellectual Property (IP) regime which provides a tax write-off for broadly defined IP acquisitions.
Ireland’s Tax Regime also offers:
- an attractive holding company regime, including participation exemption for gains on disposals
of most shares; - An effective zero tax rate for foreign dividends (12.5% tax rate on qualifying foreign dividends, with flexible onshore pooling of foreign tax credits).
- An EU-approved stable tax regime, with access to extensive treaty network and EU Directives.
- Generous domestic law withholding tax exemptions.
These features all go to make Ireland one of the top global investment locations.
Ireland compared to other investment hotspots:
| Ireland | 12.50 |
| *Singapore | 17.00 |
| Russia | 20.00 |
| Switzerland | 21.17 |
| China | 25.00 |
| Netherlands | 25.00 |
| UK | 26.00 |
| Luxembourg | 28.80 |
| **Germany | **30.20 |
| France | 33.33 |
| India | 32.44 |
| Belgium | 33.99 |
| Brazil | 34.00 |
| USA | 35 |
| ***Japan | 38.01 |
The post Dr Dre Establishes Beats Headphone Empire in Ireland, But Why? appeared first on Silver Vigilante.
2012-12-10 10:00:30
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