Age, Biography and Wiki

Feargal O'Rourke was born on 3 August, 1965 in Athlone, Ireland, is an accountant. Discover Feargal O'Rourke's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 58 years old?

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Occupation Chartered accountant Tax advisor
Age 59 years old
Zodiac Sign Leo
Born 3 August 1965
Birthday 3 August
Birthplace Athlone, Ireland
Nationality Ireland

We recommend you to check the complete list of Famous People born on 3 August. He is a member of famous accountant with the age 59 years old group.

Feargal O'Rourke Height, Weight & Measurements

At 59 years old, Feargal O'Rourke height not available right now. We will update Feargal O'Rourke's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Feargal O'Rourke's Wife?

His wife is Maeve O'Rourke

Family
Parents Not Available
Wife Maeve O'Rourke
Sibling Not Available
Children 2

Feargal O'Rourke Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Feargal O'Rourke worth at the age of 59 years old? Feargal O'Rourke’s income source is mostly from being a successful accountant. He is from Ireland. We have estimated Feargal O'Rourke's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income accountant

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Timeline

2018

O'Rourke was once 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. O'Rourke's work on Google's BEPS tools featured in a 2018 book by Richard Brooks:

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, 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.

2016

The disconnect lies in the distinction between Ireland's corporation tax "regime" versus Ireland's corporation tax "rate", which was highlighted by the EU Commission's 2016 findings against Apple's double Irish tax system in Ireland. According to the Irish Revenue, Apple had being paying the full Irish 12.5% tax rate on what Revenue considered to be "taxable profits" in Ireland The EU Commission found a very different situation:

2014

In January 2014, O'Rourke publicly defended Ireland's BEPS tools, when the U.S. Bureau of Economic Analysis (BEA) method of calculating effective tax rates (ETRs), showed Ireland's corporate ETR was between 2.2% to 3.8%. It renewed international controversy on Ireland as a corporate tax haven. O'Rourke defended Ireland's ETR as being close to the headline Irish corporate tax rate of 12.5%, and quoted the World Bank/PwC survey. In one February 2014 radio interview, O'Rourke asserted that "there was a hole the size of the Grand Canyon", in the BEA analysis of Ireland's ETR.

In February 2014, he was named in The Irish Times 50 people who run Ireland list. O'Rourke sits on the Board of the American Chamber of Commerce Ireland, the lobby group for U.S. multinationals in Ireland. In March 2018, he noted the U.S. Tax Cuts and Jobs Act of 2017 will be a challenge to Ireland's U.S. economic model but that Ireland should be able to withstand it. In April 2018, he advised that the Irish State should build a rainy day fund. O'Rourke maintains an active Twitter account.

2013

In October 2013, O'Rourke predicted the end of the Double Irish, which was closed to new entrants in January 2015. New Irish BEPS tools replaced it: the Single Malt scheme (used by Microsoft and Allergan), and the Capital Allowances for Intangible Assets ("CAIA") scheme, (used by Apple in its Q1 2015 restructuring). It was O'Rourke's 2009 Commission on Taxation, that recommended expanding Irish capital allowances tax scheme to intangible assets creating the CAIA BEPS tool in the 2009 Finance Act. Accenture was an early user of the CAIA BEPS tool, when it executed the first corporate tax inversion to Ireland in 2009.

Bloomberg noted in October 2013 that O'Rourke is regarded a "hero" in Ireland. He is a sought after commentator on the Irish economy, and on Irish corporate taxation policy. O'Rourke has sat on several major Irish State taxation review groups, including the major 2009 Commission on Taxation, and is one of the 5 people named in Ireland's "Independent Persons of Standing" list under the Double Taxation Arbitration Convention.

2009

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).

2004

The €13 billion fine levied by the EU Commission on Apple's Double Irish BEPS tool, for Irish taxes avoided from 2004 to 2014, is the largest corporate tax fine in history. O'Rourke's PwC (Ireland) tax practice represented the Irish State in its tax defence, during the commission's Apple investigation. O'Rourke rejects the labels, but also rejects the notion that the Irish tax code shouldn't legally, and transparently, exploit loopholes in the US tax code:

1964

Feargal O'Rourke (born 3 August 1964) is an Irish accountant and corporate tax expert, who is the managing partner of PwC in Ireland. He is considered the architect of the Double Irish tax scheme used by U.S. firms such as Apple, Google and Facebook in Ireland, and a leader in the development of corporate tax planning tools, and tax legislation, for U.S. multinationals in Ireland.