Ireland Rolls Out New Legislation to Implement Global Tax Deal

The Irish government introduced new legislation that includes amendments to integrate a global agreement designed to simplify the way businesses value certain intercompany transactions.

The rules, known as Amount B, are a transfer pricing measure included in a major 2021 agreement brokered by the Organization for Economic Cooperation and Development that would reallocate large multinational companies’ residual profits to where they have customers. The rules to implement those changes, called Pillar One, are still currently being negotiated.

• The government said Thursday it expects the bill to be approved by the end of the year and follows Ireland’s introduction of a ...