OECD BEPs Recommendations Are an Opportunity for Ireland

Chambers Ireland today (5/10/2015) welcomed the OECD’s BEPS report, the outcome of a project for the reform of the international tax system to tackle tax avoidance by providing governments with clear international solutions to address the gaps and mismatches in existing global tax rules.
Speaking today, Ian Talbot, CEO Chambers Ireland, welcomed the OECD’s recommendations, “Implementation of these reforms will provide a degree of certainty for multinationals as to the future direction of international tax systems. Ireland is well positioned to turns these proposed reforms into an opportunity. The report’s recommendations reaffirm the legitimacy and transparency of Ireland’s corporate tax structures and outline a roadmap for a multilateral corporate tax system. Ireland has been proactive in ensuring that our corporate tax structures adapt to meet the highest international standards. Ireland’s strengths to attract FDI are very broad and taxation is only one element of the reasons why it remains an attractive destination for multinationals seeking to locate and expand their operations.
However these reforms will only work if the major OECD members adopt them and we call on all 34 OECD countries to consider the recommendations and map out a course to implementation without delay.”

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For further information contact Mark O’ Mahoney on 087 970 7676 or email mark.omahoney@www.chambers.ie

Chambers Ireland – Ireland’s largest business network creating the best environment for members locally, regionally and nationally.