For companies operating across borders, the rapidly changing global landscape has the potential to alter the amount of tax paid in each jurisdiction. It can also dramatically increase reporting obligations.
Many Irish groups, whether headquartered here or subsidiaries of foreign MNCs, will be impacted by the global anti-avoidance BEPS initiative.
Understanding the implications of BEPS is critical both in terms of being adequately resourced to manage change and also to appreciate the impact the changes can have on the tax payable amount, as well as future investment decisions.
Our attached report summarises what BEPS means for business and the level of upheaval that lies ahead.
If you would like to discuss any aspect of the attached in more detail, please talk to your usual Grant Thornton contact.