Ireland’s Department of Finance, on May 27, announced a consultation to consider international stakeholder’s views on how Ireland’s tax system should respond to the OECD’s base erosion and profit shifting (BEPS) initiative.
“Ireland remains 100% committed to the 12.5% corporation tax rate. This will not change,” the consultation document states. It goes on to explain that the Minister of Finance is examining ways to enhance the competitiveness of Ireland tax regime while protecting its reputation. Comments are requested on how the government should respond to BEPS action plan items, particularly those BEPS items with a 2014 timeline. A list of six questions is provided. The consultation period will run until July 22. BEPS Consultation Document (PDF 515K)
See also, Why Ireland should address corporate tax residency rules before we’re forced to, By Feargal O’Rourke, The Irish Times
