Submission on the Tax Treatment of Interest in Ireland

AmCham welcomes the opportunity to provide a response to the public consultation on the tax treatment of interest in Ireland. This response focuses on the overarching need for a comprehensive overhaul of the existing interest-related provisions. This approach is crucial to ensure Ireland continues to attract and retain US Foreign Direct Investment (FDI). Significant reform of the various interest related provisions is needed. Incremental adjustments to existing legislation would not be sufficient and may inadvertently create increased complexity in an already intricate area. A streamlined and modernised framework is essential to bring Ireland in line with other jurisdictions and to improve Ireland’s competitiveness internationally. Given the changing global geopolitical landscape, enhancing Ireland's competitiveness is more important than ever. The research outlined below highlights opportunities for Ireland to align more closely with other EU jurisdictions, emphasising the potential benefits of reform.

Read AmCham's full consultation response here