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Ireland broadly supports OECD agreement with reservation on rate

02 July 2021

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Tax Alerts, Legislation & Policy, Na...

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Ireland

On 1 July 2021, the Organisation for Economic Co-operation and Development (OECD) Inclusive Framework agreed on a two-pillar solution to address the tax challenges arising from digitalization of the economy.Details of the key components of the agreement can be accessed at Statement on a Two-Pillar Solution to Address the Tax Challenges Arising From the Digitalisation of the Economy – 1 July 2021 (oecd.org).The OECD Inclusive Framework will continue to work on detailed aspects of the design elements of the solution with a view to reaching agreement by October.Ireland issued a press release broadly supporting the agreement with reservation about the...