Fresh approach to tax treaties essential for business, says Irish Taxation Institute

IRELAND needs to change its approach to tax treaties if it hopes to stay ahead the global marketplace. That was the message today from the Irish Taxation Institute (ITI) in its pre-Budget submission.

Called Tax Treaties in a Global Marketplace, ITI put forward four specific proposals to Government which would enhance Ireland’s attractiveness as a business destination for multinationals, it said.

Speaking after a meeting with the Minister for Finance, Brian Cowen, Dermot O’Brien, ITI President said: “If we are to remain competitive, attract investment and meet the needs of a highly skilled workforce, then a new approach to tax treaties is essential.”