RBK Chartered Accountants are delighted to host our International Tax and Transfer Pricing Hybrid Seminar on 24 January 2024 at the Clayton Hotel.
We will be joined on the day by our Leading Edge Alliance (LEA Global) member firms, US tax and transfer pricing specialists Bennett Thrasher and Dutch tax specialists Van Oers to discuss and consider key developments in international tax and in the transfer pricing environment.
The pace of change in the international tax environment is incessant. With effect from 1 January 2024 we have seen the introduction of the global minimum effective corporate tax rate of 15% into Irish legislation. This will impact only the largest Irish corporate taxpayers. The Irish Government has confirmed that over 99% of companies operating in Ireland are outside of the scope of the global minimum effective tax rate of 15%. The last increase in the corporate tax rate was the introduction of the 12.5% rate of corporation tax with effect from 1 January 2003 (over 20 years ago), which was itself a reaction to EU rules as the reduced rate of 10% for “manufacturing” companies that had applied was deemed to be contrary to EU law.
Whilst the debate on a global minimum corporate tax rate may be over and Ireland is fully onboard, there are still a number of other EU directives that could have an impact on Irish businesses. These aren’t going to go away.
In addition, Ireland is a very open economy and the US is still the largest source of foreign direct investment into Ireland. Over the last number of years we have seen significant changes in US tax policy, which in turn impact on multi-national business structures. Changes in US tax policy can have a significant impact on Ireland and investment into Ireland. It is essential that Ireland stays competitive.
Specific items covered include:
- Transfer Pricing developments including interaction of transfer pricing provisions with Customs pricing and current developments in transfer pricing internationally - Ben Miller, Head of Transfer Pricing, Bennett Thrasher
- Update on developments in US tax and what taxpayers can expect, given the presidential election later in the year - James Parks, Tax Partner, Bennett Thrasher
- EU tax developments - Edgar van Hassel, Tax Manager, Van Oers, The Netherlands
- Panel discussion on international tax and transfer pricing moderated by Ronan McGivern, International Tax Partner, RBK
This hybrid event is of interest to:
- Multinational business with operations in other territories
- Businesses seeking to expand into the US or the EU
- Professionals / intermediaries working with international clients who may be affected by recent changes