Ireland as a corporate treasury location
Approaching treasury with certainty in uncertain times
On 19 July 2013 the OECD published its comprehensive action plan to combat Base Erosion and Profits Shifting (“BEPS”).
Of particular relevance to corporate treasury departments is that amongst the main targets of the BEPS Action Plan is the prevention of tax base erosion through interest deductions and other (commonly used) cross-border financing structures. There is no doubt that treasury operations of several MNCs will be significantly impacted by the OECD BEPS action plan.