Ireland retains focus on tax competition

The phased abolition of the controversial “double Irish” tax scheme and introduction of a new tax relief for intellectual property will enhance Ireland’s corporate tax regime and align it with best practice internationally, Ireland’s finance minister Michael Noonan said yesterday as he delivered his Budget 2015 proposals.

Noonan published A Road Map for Ireland’s Tax Competitiveness to “secure Ireland’s place as the destination for the best and most successful companies in the world”. Ireland was playing an active part in the G20/OECD base erosion and profit shifting (BEPS) project, the paper said, recognising that tax planning by multinational companies had moved to the top of the political agenda.

Read more at AccountingWEB.