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The Potential Tax Effects of Brexit on Investors and Taxpayers in Ireland

The U.K.’s decision to leave the EU (“Brexit”) will inevitably cause a period of great uncertainty for businesses and individuals. 

Although the Irish economy is not dependent on the U.K., the U.K. remains one of Ireland’s closest economic partners. Given that much of the economic activity between EU members is governed by EU rules, any change in the relationship between the U.K. and the EU is also likely to impact on the relationship between the U.K. and Ireland. 

This period of economic uncertainty will have an impact for businesses, including potential regulatory and legal implications, together with tax, financing, supply chain and foreign exchange implications. This article focuses on the potential tax implications for investors and taxpayers in Ireland, particularly for those where there is a close business relationship with the UK.