US government wants to renegotiate Irish double tax treaty
March 13, 2008
Irish government refuses to comment on reasons for new negotiation
The Irish government has refused to comment on the reasons for a decision by the US government to renegotiate its double tax treaty with Ireland. Negotiations between the two countries have yet to begin and it was not possible to forecast the impact on Irish businesses. Double tax treaties are critical in determining transfer pricing assessments.
An Irish government spokesman said it was too early to state if the renegotiation would have a positive or negative impact on economic relations between the two countries. Commentators in Dublin suggest that the the US government is likely to want a tougher regime.
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