Ireland Publishes Feedback Statement for Consultation on Phase One of Reform of Ireland's Taxation Regime for Interest

Ireland's Department of Finance has announced the publication of the Feedback Statement for Phase One of Reform of Ireland's Taxation Regime for Interest. This includes proposals on the following key topics for consideration:

• New interest deductibility rules for corporation tax including:
  • the introduction of a 'profit motive' test for interest deductibility; and
  • consideration of the interaction of the new interest deductibility test with existing legislative provisions such as interest as …