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Advisory
EFRAG Simplification Announcement: Simplifying sustainability reporting should improve environmental data and prevent greenwashing
The European Financial Reporting Advisory Group (EFRAG) has proposed changes to the Corporate Sustainability Reporting Directive (CSRD) to reduce the reporting burden on firms by 50%. Brendan Kean, ESG Partner at Baker Tilly Ireland, believes these changes will improve the quality of environmental data and prevent greenwashing.
Mark Lumsdon-Taylor Brendan Kean Jul 2, 2025
Major Pillar 2 development: G7 and US reach agreement on global minimum tax
Following a joint statement from G7 countries released over the weekend, it appears that the US Government will remove Section 899 from the “One Big Beautiful Bill” in exchange for concessions provided by the other G7 territories on the OECD’s Pillar II Global Minimum Tax. Irish experts warn, that US tax workaround could harm EU firms, as they could face a competitive disadvantage if the US is given permanent exemptions.
Jul 1, 2025
Advisory
Climate change - all eyes on the EU Commission
Despite the Global Geological Organisation’s damning report on climate change for 2024, the European Union has recently presented options to member states for ways to ease the proposed 2040 climate target.
Mark Lumsdon-Taylor Jun 30, 2025
Advisory
State of the Global Climate report
In March 2025, the World Meteoralogical Organisation (WMO) published its State of the Global Climate report. It makes for uncomfortable reading.
Mark Lumsdon-Taylor Jun 24, 2025
Tax
ECB setting the foundations for economic revival
The rate-cutting bonanza continues. Eurozone inflation decreased to 1.9% in May, a sign that the European Central Bank continues to be in control of inflationary pressures despite an aggressive interest rate-cutting strategy that has seen rates cut seven times in the past year.
Professor Joe Nellis Jun 12, 2025
Audit and Assurance Advisory
EU ESG Bulletin
In November 2024, president of the European Commission, Ursula von der Leyen, announced a proposal to simplify, streamline and align EU ESG disclosure and reporting rules. The announcement was a timely one, given the different reporting standards in place across the EU and the calls for the regulatory burden on EU businesses to be reduced.
Mark Lumsdon-Taylor Brendan Kean Jun 10, 2025
Tax
International Tax Summit 2025: Key takeaways
On 5 June 2025 we held our first International Tax Summit 2025 at our London office. Senior tax professionals from leading multinational corporations and members of the Baker Tilly Network joined us for an afternoon of critical insights, strategic foresight, and collaborative discussions. From international reforms to jurisdiction-specific trends, the agenda reflected a fast-evolving global tax environment that demands both agility and alignment.
Baker Tilly Ireland, MHA, Baker Tilly Network Jun 9, 2025
UK-EU Reset Briefing: Landmark agreement
On May 19, 2025, the UK government announced a landmark agreement with the European Union, aimed at bolstering the British economy and enhancing post-Brexit relations. This new deal, hailed by Prime Minister Keir Starmer as beneficial for jobs, bills, and borders, promises to support British businesses, reduce red tape, and increase access to the EU market.
Aidan Scollard Jun 4, 2025
Tax
Legal setback: President Trump's tariff plan faces legal obstacles
The US Court of International Trade has ruled that President Trump exceeded his executive authority under the International Emergency Economic Powers Act by imposing the ‘liberation day’ tariffs.
May 29, 2025
Advisory Tax Construction and Infrastructure Retail, Consumer & Hospitality Technology
Half-year industry updates 2025
As 2025 continues, businesses will face new challenges and opportunities—reshaped by technology, regulation, and shifting consumer expectations. This year has already proven to be turbulent, demanding agility, strategic foresight, and a willingness to embrace change. Staying up to date is crucial for success in such times.
May 29, 2025
Advisory Technology
Beyond the façade - the real impact of AI
There’s no doubt that 2025 is the year of AI. Yet, public discourse about AI trends often skips over a critical element: the infrastructure that powers it, and the profound environmental implications of this technological foundation.
May 29, 2025
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