DUBLIN: The OECD’s measures to reform international corporate tax systems will cause Ireland fewer problems than forecast, but for eurozone countries it will be just the beginning of greater and more detailed change.
Following two years of constant meetings between tax experts from its 34 country members, the Paris-based body releases the second half of its 15-point action plan on combating base erosion and profit-shifting on Monday.
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Heralded as the most ambitious and fundamental change to international tax rules in almost a century, it was first mandated by the G20 countries in 2012 as the developed nations sought to put the great economic crisis behind them.
The focus was on two primary areas — double non-tax, and regimes that allow profits to be geographically divorced from the activities that create them, both of which Ireland has been addressing.
