24 July 2013

OECD says Ireland's not a tax haven

After recent accusations from US and UK parliamentary committees, the head of the tax division of the Organisation for Economic Cooperation and Development says Ireland is not a tax haven.

By Charlotte Mullen

OECD chief dispels Irish tax haven notion Patryk Kosmider

According to The Irish Times, OECD head Pascal Saint-Amans made the declaration via video-link to a joint subcommittee on global taxation taking place in the Irish Parliament. He admitted that Ireland could impose stricter rules for former Irish resident companies to keep tax avoidance under control, but praised authorities for enthusiastically supporting the changes to multilateral taxation rules, changes that aim to keep profit taxes levied in their own jurisdiction.

Supported by G20

Having presented a report on tax evasion to G20 in Moscow last week, Mr Saint-Amans revealed to the subcommittee that the 15-point tax evasion plan was supported by the G20, but was unable to reveal which countries would be at a particular loss or gain by the rules, which are expected to be implemented next year.



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