OECD ranks Ireland highly

Ireland is highly compliant with new international tax rules and is one of only three countries worldwide to have the highest levels of transparency in its domestic tax system, according to international financial monitoring body the OECD.

In its latest global forum on transparency and exchange of information report, the influential Paris-based think-tank awarded Ireland, Norway, and Mauritius its highest possible overall rating of ‘compliant’.

Six other countries — Australia, Bermuda, Canada, Cayman Islands, Germany, and Qatar — were ranked ‘largely compliant’ while Jamaica was rated ‘partially compliant’, with the OECD’s global forum set to launch a supplementary report on follow-up measures to ensure a higher level of compliance.