Ryanair’s flight to Malta will take off millions in Irish Tax – Malta Business Weekly

The Malta Business Weekly reports that the Irish exchequer is poised to lose tens of millions in tax revenues after the decision by Ryanair to shift control of aircraft for its operating bases in Italy, France and Germany from Ireland to Malta.

The report adds that Ryanair said last week that the move to Malta would allow international crews to pay income tax in their home countries instead of Ireland.

Quoting Irish journalists, The Malta Business Weekly said that ‘Ireland might have been overtaken in the race to the bottom. At the very least, another EU member is sitting on its shoulder. Potentially tens of millions of tax revenue will be in low.

The report adds that an Irish non-profit freedom of information new source had reported back in February that the airline would have to move its operations out of Ireland because of a requirement under Irish law for airline staff employed and registered by airlines to pay taxes in Ireland.

Via The Malta Business Weekly 

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