Ireland must stay ahead of the FDI curve

Ireland must stay ahead of the FDI curve

There is significant competition internationally to attract multinationals and we must continue to offer a best-in-class regime for investment

The recent OECD Base Erosion and Profit Shifting (BEPS) reports released earlier this month provide a new international context through which to consider the competitiveness and transparency of Ireland’s tax system. The OECD BEPS project aims to redefine the basis upon which companies tax profits of global business, and also seeks to introduce measures to ensure increased transparency and fairness in relation to tax strategies. Both the budget announced by the minister last Tuesday and the published update on Ireland’s international tax strategy build on the improvements and progress already made in the previous two budgets. They outline the government’s continued commitment to supporting a competitive, best-in-class and stable suite of corporate tax incentives for companies looking to invest in Ireland, within the parameters and in the spirit of the BEPS reports.

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