Today’s proposals by the European Commission will have no impact on Ireland’s 12.5% Corporate Tax rate but focus on ongoing efforts to improve transparency. We remain supportive of co-ordinated global efforts to enhance transparency in international taxation.
The Irish Government has a welcome and ongoing commitment within its International Taxation Strategy to high standards of transparency while remaining competitive for investment. It will be important for the Commission to create a similar confidence within industry of its commitment to maintaining attractiveness of Europe as a whole. While we await further details from the Commission, the American Chamber will encourage the Irish Government to continue its engagement in these international efforts both within the EU and OECD.