Ireland - Changes to residency rules to comply with BEPS 

October 25:  In Ireland's budget for 2014 (presented last week), the Minister of Finance announced that the Finance Bill would include a change to the company residence rules that would take aim at eliminating mismatches that may exist between tax treaty partners and that are used to allow companies to be "stateless" in terms of their place of tax residence.

Read TaxNewsFlash-Europe: Tax proposals in 2014 budget

With this proposal, Ireland joins other European countries in proposing legislation that apparently would be intended to comply with the OECD's intention to limit base erosion via interest deductions, as detailed in the OECD’s BEPS* action plan (July 2013).

*Base erosion and profit shifting (BEPS)

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