AmCham Responds to Second Feedback Statement on Participation Exemption

AmCham welcomes the opportunity to comment on the Second Feedback Statement on the introduction of a Participation Exemption into Irish legislation.

As Ireland is a small open economy, international tax developments have a significant impact on the overall success of the domestic Irish economy. Considering the recent introduction of the minimum tax rate of 15 percent under Pillar Two, it is essential that Ireland adapts and enhances its tax offering to ensure it remains a destination of choice for US FDI and the introduction of a broad and simple participation exemption regime is key to this. As currently drafted, the legislation has not met the policy objective as being competitive or administratively efficient.

You can read AmCham's full submission here