DUBLIN: Tax experts here have downplayed the potential impact on Ireland of new European Commission proposals on the automatic exchange of tax rulings.
Feargal O’Rourke of PwC Ireland said Ireland had a transparent, rules-based tax system and “had positively co-operated with the EU over last 18 months on an examination of a swathe of tax rulings going back many years.”
“Not all countries followed our lead. I don’t believe Ireland has anything to fear from this proposal given the nature of our tax regime and Ireland has been to the forefront in trying to increase tax transparency generally.”
However, the proposal is short on detail and I suspect there will need to be a lot of technical engagement from the member states,” he added.
