Beps could harm Irish financial services sector, tax experts warn

While overall Ireland could stand to gain from the OECD campaign, there are elements of concern

11th October, 2015
Pascal Saint-Amans, director of the OECD centre for tax policy and admininistration

Leading tax experts have warned that the Irish financial services industry, and the aircraft leasing business in particular, could be harmed by the OECD’s anti-tax avoidance campaign.

Tax practitioners are concerned that a particular measure – action six – in the OECD’s Beps process, which is designed to combat so-called ‘treaty shopping’, could hurt financial services in Ireland.

Peter Vale, head of tax for Grant Thornton, said that the...

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