Feargal O’Rourke
- January 11, 2024
- Accountant
Quick Facts
Feargal O'Rourke Biography
| Birthday | Aug 3 |
| Birth Year | 1964 |
Feargal O'Rourke is one of the most popular and richest Accountant who was born on August 3, 1964 in Athlone, Ireland. Feargal O’Rourke (born 3 August 1964) is an Irish accountant and expert in corporate tax as the managing director of PwC within Ireland (Ireland’s biggest accounting company). He is known as to be the “great architect” of the famous Double Irish tax scheme used by U.S. companies like Apple, Google and Facebook in Ireland and is a pioneer on the creation of tax planning tools and tax legislation for U.S. multinationals operating in Ireland.
Bloomberg stated the news in September 2013 O’Rourke is seen as by many as a “hero” in Ireland. He is a sought-after expert about the Irish economy as well as Irish corporate tax policy. O’Rourke has served on various important Irish State taxation review groups and the most important 2009. Commission on Taxation and is among the 5 people listed in the Irish government’s “Independent Persons of Standing” list in the Double Taxation Arbitration Convention.
O’Rourke’s defense of Ireland’s low corporate ETRs for U.S.–controlled multinationals is part of Ireland’s “green jersey agenda” to advance “Ireland Inc.” over other potential consequences, such as reputation or financial risk, which is not an uncommon political strategy in Ireland.
The ETRs of 0–2.5% from O’Rourke’s BEPS tools have drawn international criticism. Academic research has shown Ireland as a major tax haven (see tax haven lists), and in June 2018 tax academics showed Ireland to be the largest global tax haven, helping U.S. multinationals to shield over $100 billion in annual profits from Irish and U.S. taxation.
In addition to urging the Dutch Government to end its role as a tax avoidance channel in 2010, O’Rourke successfully advocated for withholding tax on royalties that were paid outside in Ireland to be completely eliminated (removing the need to use an Dutch Sandwich part of the dual Irish BEPS toolin the double Irish BEPS tool.
Feargal O'Rourke Net Worth
| Net Worth | $5 Million |
| Source Of Income | Accountant |
| House | Living in own house. |
Feargal O'Rourke is one of the richest Accountant from Ireland. According to our analysis, Wikipedia, Forbes & Business Insider, Feargal O'Rourke 's net worth $5 Million. (Last Update: December 11, 2023)
The selective treatment system allowed Apple to pay a corporate tax rate of 1 percent on its European profits in 2003 . This dropped to 0.005 percent in 2014.
The fine of 13 billion euros imposed by the EU Commission on Apple’s Double Irish BEPS tool, to pay Irish tax avoidance from 2004 to 2014 it is the largest corporate tax penalty in the history of the world. The O’Rourke PwC (Ireland) fiscal practice was a representation of taxpayers of the Irish State during its tax defence during its Commission’s Apple investigation. O’Rourke does not accept the label however, she also disavows the idea it is tax code in the Irish tax code should not legally, and in a transparent manner, make use of loopholes within taxes in the US tax code.
Regardless of the tax losses to other nations, O’Rourke’s BEPS tools have brought prosperity to Ireland. 25 of Ireland’s top 50 firms (by turnover) are U.S.–controlled multinationals, employing one quarter of Ireland’s private sector workforce, paying 80% of Irish business taxes, and creating 57% of Irish private sector non-farm value-add in Ireland. (see low tax economy). O’Rourke’s BEPS tools however have been less effective in attracting non–U.S. multinationals to Ireland, or more accurately, multinationals from “territorial” tax systems (e.g. the U.K post their 2009 transformation to a “territorial” tax system).
Height, Weight & Body Measurements
Feargal O'Rourke height Not available right now. Feargal weight Not Known & body measurements will update soon.
Who is Feargal O'Rourke Dating?
According to our records, Feargal O'Rourke is possibily single & has not been previously engaged. As of December 1, 2023, Feargal O'Rourke’s is not dating anyone.
Relationships Record : We have no records of past relationships for Feargal O'Rourke. You may help us to build the dating records for Feargal O'Rourke!
O’Rourke is labeled the “great architect” of the Double Irish base erosion and profit shifting (“BEPS”) tool, as used by U.S. multinationals in Ireland such as Google, a known client of O’Rourke’s, Facebook, and Apple. As the conduit by which U.S. multinationals built untaxed offshore reserves of over US$1 trillion, the Double Irish is the largest BEPS scheme in history. O’Rourke’s work on Google’s BEPS tools featured in a 2018 book by Richard Brooks:
Facts & Trivia
Feargal Ranked on the list of most popular Accountant. Also ranked in the elit list of famous people born in Ireland. Feargal O'Rourke celebrates birthday on August 3 of every year.
Who is Feargal O Rourke?
Feargal O’Rourke
Nationality| Irish
Education| Marist College, Athlone
Alma mater| University College Dublin
Occupation| Chartered accountant Tax advisor
Who is the CEO of PWC Ireland?
Damian Byrne She has extensive knowledge and over 15 years of experience in advising and auditing asset management clients including mutual funds, hedge funds and private equity funds administered in Ireland and elsewhere, who utilise US GAAP, Irish GAAP and international accounting standards.
What is the Double Irish tax scheme?
The term double Irish refers to a tax strategy employed by multinational companies to reduce their tax liability by shifting profits to a country with a lower-tax legislation.
How much does a partner in PwC Ireland earn?
Average profit per partner for the year to the end of June 2021 was its highest ever at £868,000 , up from £685,000 in 2020 and £765,000 in 2019. The firm’s 22,000 UK staff shared a total bonus pot of £128 million, up from £83 million a year earlier.
How many partners PwC Ireland?
These new partners will bring PwC’s total number of partners in the Republic of Ireland firm to 116 as of July 2018.