Ireland:
OECD Releases First BEPS Recommendations
24 September 2014
by
Alan Connell
,
Joe Duffy
,
Aidan Fahy
,
Catherine Galvin
,
Turlough Galvin
,
Shane Hogan
,
Alan Keating
,
John Kelly
,
Greg Lockhart
,
Catherine O’Meara
,
Mark O’Sullivan
and
Liam Quirke
Matheson
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Today, the OECD released its first recommendations under the
base erosion and profit shifting
("BEPS") project in a series of
reports. These reports relate to:
- The tax challenges of the digital
economy (Action 1)
- Hybrid mismatch arrangements (Action
2)
- Harmful tax practices (Action 5)
- Tax treaty abuse (Action 6)
- Transfer pricing issues in the key
area of intangibles (Action 8)
- Transfer pricing documentation and
country-by-country reporting (Action 13)
- The feasibility of developing a
multilateral instrument on BEPS (Action 15)
The reports and an explanatory statement issued by the OECD are
now available.
Matheson is an active participant in the BEPS debate at a
national and international level. We have participated in the
OECD's consultation process and in the BEPS consultation
launched by the Irish Department of Finance (the
"Irish Consultation"). We will
keep you informed of the outcome of the Irish Consultation and any
relevant announcements made in next month's budget
statement.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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