Welcome to Issue 3 of Tax Refresher - International Special Edition!
In this globally focused edition, we spotlight key developments shaping the international tax landscape and the broader business implications for large corporate and international businesses. As tax rules tighten, reporting obligations expand, and global trade dynamics shift, staying informed is more critical than ever.
Here’s what you’ll find in this issue:
Tax trends and economic signals - A strong June for Ireland’s Exchequer
Major Pillar 2 development – G7 and US reach agreement on global minimum tax
International Tax Summit 2025 – Key takeaways from our flagship event on global tax strategy
Compliance Insight – Turning regulatory obligations into business opportunities
Economic commentary – Inflation remains calm but the ECB must remain vigilant
US-UK Trade Deal – New opportunities, ongoing challenges for key industries
Public CbCR – New transparency rules and what multinationals need to know
Post-Brexit VAT trap – The hidden cost of non-ownership in cross-border transactions
Rules of Origin – Practical guidance on navigating global trade rules
EU Tax Reform – Key discussions from the European Parliament’s Subcommittee on tax matters
VAT and Customs – HMRC’s plans to simplify compliance procedures
In our BTI Spotlight, we explore two key topics: common tax pitfalls to avoid when implementing an ERP system, and emerging tax trends for 2025, as discussed in our latest quarterly roundtable.
For any questions or further assistance, reach out to Brendan Murphy.
Stay informed, stay compliant, and stay ahead with Tax Refresher.
Tax trends and economic signals: A strong June for Ireland’s Exchequer
Ireland remains in a strong Exchequer position, notwithstanding the macro policy shifts at global level. From 2014 to 2024, corporation tax receipts grew from €4bn to almost €30bn, excluding the Apple tax windfall. Concerns remain over the policy environment. However, the true impact on the Irish exchequer, if any, is unlikely to be seen until 2026 when most companies will make their payments relating to 2025.
Insights
