Dublin to Ratify BEPS Profit-Shifting Agreement

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The Prime Minister in Ireland has ratified an order to bring the country nearer to implementing the OECD’s BEPS scheme the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.

Ireland, which currently has one of the lowest corporate tax rates worldwide has pledged to constructively engage with the EU with the end goal being to progress in the direction of international tax reform and will work with international partners in handling aggressive universal tax structures. The order will be incorporated into the Finance Bill 2018.