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The Oireachtas Joint Committee on Finance, Public Expenditure and Reform and an Taoiseach has released a reasoned opinion on the European Union’s proposals for a directive on Business in Europe: Framework for Income Taxation (BEFIT). In the Committee’s view, the BEFIT proposals do not comply with the principle of subsidiarity which requires that for a directive to have direct effect, the aims of that directive must not be achievable at national level and instead be better achieved at EU level.
The Committee stated that while it supports efforts to simplify tax systems and reduce the complexity of doing business in Europe, proposals of this nature must bring with them benefits that outweigh the cost and complexity of introducing them.
In our response to a public consultation on the BEFIT proposals last year, we highlighted that direct taxation should remain the sole responsibility of the national legislators on the basis of the principle of subsidiarity, as well as the principle of sovereignty.