Irish Department of Finance Seeks Feedback On Corporate Tax Code

Irish Department of Finance Seeks Feedback On Corporate Tax Code
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Irish Department of Finance Seeks Feedback On Corporate Tax Code
February 24th, 2017
The Irish Department of Finance released public consultation paper seeking public feedback in connection with a review of Ireland’s Corporation Tax Code. The Government appointed an independent expert, University College Cork economist Seamus Coffey, to review Ireland's corporate tax code using the information collected during the public consultation.

The Irish Department of Finance released public consultation paper seeking public feedback in connection with a review of Ireland’s Corporation Tax Code. The Government appointed an independent expert, University College Cork economist Seamus Coffey, to review Ireland's corporate tax code using the information collected during the public consultation.

Consultation Areas

The review of the corporation tax code is concerned about following areas: 

  • automatic exchange of information on tax rulings with other relevant jurisdictions;
  • ensuring that the corporation tax code does not provide preferential treatment to any taxpayer;
  • further implementing Ireland’s commitments under the OECD Base Erosion and Profit Shifting (BEPS) project to tackle harmful tax competition and aggressive tax planning;
  • delivering tax certainty for business and maintaining the competitiveness of Ireland’s corporation tax offering;
  • maintaining the 12.5% rate of corporation tax; and
  • the role and sustainability of the corporation tax.

Consultation Questions

With the consultation themes in mind, the independent expert invites interested parties to make submissions answering questions on what additional legislative measures should Ireland take to achieve highest standards of tax transparency, to further implement the actions of the OECD initiative to combat BEPS, to maintain the competitiveness of the corporation tax code and to deliver tax certainty for business in the during the BEPS implementation.

The consultation period will run from February 21, 2017 to April 4, 2017, a period of 6 weeks.

Source: Government of Ireland

 

Irish Department of Finance Seeks Feedback On Corporate Tax Code
; posted on
February 24th, 2017
The Irish Department of Finance released public consultation paper seeking public feedback in connection with a review of Ireland’s Corporation Tax Code. The Government appointed an independent expert, University College Cork economist Seamus Coffey, to review Ireland's corporate tax code using the information collected during the public consultation.
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