Ireland
Seamus Coffey to head Ireland’s Fiscal Advisory Council
Seamus Coffey has been appointed Chairperson of the Irish Fiscal Advisory Council, the . . .
IRS says Facebook’s valuation of IP transfer to Ireland may have been understated by billions of dollars
A US Department of Justice lawsuit filed in Federal court on Wednesday reveals that the IRS believes that Facebook may have significantly undervalued a transfer of intellectual property . . .
US has agreed to country-by-country tax info exchange with 11 countries, OECD says
The United States has so far put in place 11 bilateral competent authority arrangements for the automatic exchange of country-by-country reports, the OECD reported a June 22 release. The US now has . . .
Ireland’s legal arguments in Apple State aid tax case published
Mary Cosgrove, a tax lecturer at the J. E. Cairnes School of Business & Economics at the National University of Ireland, discusses Ireland’s arguments in the Apple State aid case before the Court of Justice of the European Union, as revealed in the government’s summary of legal proceedings, released today . . . .
Ireland’s Budget 2017 (again) affirms 12.5 percent corporate tax rate, addresses “section 110” firms
Professor James Stewart of Trinity College, Dublin, discusses Ireland’s Budget 2017 and the Minister for Finance’s accompanying address, delivered today, which affirmed Ireland’s intent to maintain a low corporate tax rate and address the taxation of financial intermediaries known as section 110 firms . . .
Irish government asks for public feedback on corporate tax code
The Irish government on February 21 launched a consultation seeking public feedback in connection with a review of Ireland’s corporation tax . . .
Ireland adds time limits to bilateral advance pricing agreements but not other tax rulings
Irish Revenue has updated its tax manual to provide for strict time limits on the duration of bilateral advance pricing agreements (APAs) signed with other nations, but has declined to specify that any firm limits will be imposed on tax rulings granted to large taxpayers that seek confirmation of the tax treatment . . .
Ireland releases Q&As on country-by-country reporting for multinationals
Irish Revenue has released a set of frequently asked questions relating to the country-by-country reporting requirements for multinationals under Irish legislation . . .
EU Commission calls out harmful tax practices in Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta, Netherlands
The EU Commission took tentative steps toward reducing harmful tax competition among EU member countries today, publishing European Semester country reports that identify seven EU countries as potentially facilitating tax avoidance by multinationals. The Commission today also released a taxation paper detailing economic evidence that suggests that particular tax avoidance structures , , ,
Taiwan offers VAT refund to some foreign enterprises without fixed place of business
Taiwan’s taxation office announced Monday that foreign enterprises and other entities from specified countries that have no fixed place of business in Taiwan but engage in. . .
Ireland’s tax authority issues FAQs on country-by-country reporting
Irish Revenue on June 23 issued a set of frequently asked questions regarding new Irish tax legislation and regulations that require country-by-country reporting by . . .