26 August 2016 Ireland launches consultation on double tax treaty with US The Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) reports, published in October 2015, made a number of recommendations for updating tax treaties globally. Countries around the world, including Ireland, are now actively engaged in implementing the BEPS recommendations both domestically and through international agreements. Earlier this year, the United States published an update of the US Model Tax Treaty. In this context, discussions have begun with the US Treasury on updating certain elements of the Ireland-US Double Tax Treaty. The existing Double Tax Treaty was signed in 1997 and a Protocol to the Treaty was signed in 1999. A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details. Document ID: 2016-1455 |
