Tax system in spotlight as OECD due to announce anti-avoidance plan
Ireland's corporate tax regime is likely to be under international focus once again today, when the OECD releases a plan to tackle avoidance by multinational companies.
The report, which will be launched in Paris this afternoon, is understood to call for an end to measures such as the "Double Irish" loophole.
It comes on the back of criticism from G20 leaders including Barack Obama about the schemes used by firms like Apple and Google in Ireland.
"A sensible course of action would be for our government to indicate at the next budget the kind of measures that they might contemplate at the completion of the process," said Brian Keegan, Director of Taxation at Chartered Accountants Ireland.
"If you jump first, it is premature. You have to be clear about this - we do compete internationally for business using our tax system."
