Tax transparency rules would have 'serious implications' for Ireland's competitiveness

Government briefing said country-by-country tax reporting by multinationals would not benefit Ireland

The EU wants the new law to force multinationals to report their tax payments and activities for each member state to increase transparency.

Planned EU rules for country-by-country tax reporting by multinationals would have “serious implications” for Ireland’s competitiveness and ability to attract investment to the country, a Department of Enterprise, Trade and Employment briefing said.

The briefing said it was “strongly recommended” that Minister of State Robert Troy should make an intervention to oppose the tax changes at a public debate.