Strong Irish role key in formation of rules on multinational tax affairs

Ireland must play “a strong role” in the formation of any new rules on how multinational companies manage their international tax affairs, the head of the US corporate representative body here has said.

Addressing guests at its annual Thanksgiving lunch in Dublin, yesterday, American Chamber of Commerce Ireland president Peter Keegan said that Ireland can “hold its national head high” regarding OECD concerns about abuses of existing rules.

“We have a transparent and well regarded taxation system in this country and we have no interest in offering a haven to sharp practitioners,” said Mr Keegan.