Ireland bows to international pressure
February 05, 2010
Under pressure from countries who view Ireland as a soft touch for aggressive tax planning, Ireland has introduced new transfer pricing rules in its new Finance Bill.
Ireland will incorporate the OECD guidelines on transfer pricing into its tax code. At present, Ireland has limited arm’s-length provisions to deal with transfer pricing abuses.
“There were rules and case law previously but this modernises the system and brings it into line with international practice,” said Joan O’Connor, transfer pricing partner at Deloitte in Ireland.
The rest of this article is available to subscribers only. Subscribe today for full access to this article.
This article is not available to current free trialists.
If you are already a paid subscriber, please log in below to access the rest of this article.