AmCham Responds to Submission on Business in Europe: Framework for Income Taxation (BEFIT)

The American Chamber of Commerce Ireland (AmCham) welcomes the opportunity to provide feedback on Business in Europe: Framework for Income Taxation (BEFIT).

AmCham Ireland recognises that the introduction of the OECD Pillar Two rules represents a significant global effort to address the challenges of a complex international tax landscape. It is imperative that this framework be allowed sufficient time to conclude and be implemented in all participating jurisdictions before introducing another set of complex rules. Introducing additional regulations prematurely may hinder the effective implementation of the new Pillar Two rules, potentially leading to an increased administrative burden and creating more uncertainty for both governments and businesses.

Read the full submission here.