Tax Treaties: United States And Ireland

Quick Summary.  Ireland is a parliamentary democracy based on the 1937 Constitution of Ireland.  The Irish parliament is divided into two houses, the house of representatives (Dáil Éireann) and a senate (Seanad Éireann).

Effective 2019, Ireland has ratified the OECD’s Multilateral Instrument.  In addition, effective 2019, Ireland has implemented controlled foreign corporation (CFC) rules effectuating provisions set out in the European Union’s (EU’s) Anti-Tax Avoidance Directive (ATAD).  Ireland has Also implemented exit tax rules.

Ireland taxes resident corporations on worldwide profits; non-resident companies are subject to tax on certain Irish-source income.

Read More