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The Tax Omnibus presents a critical opportunity to modernise the EU's tax rules in light of the evolving international framework, notably the implementation of Pillar 2. Many existing directives were designed in response to earlier Base Erosion and Profit Shifting (BEPS) measures and now impose duplicative, fragmented and resource-intensive requirements on businesses. These burdens undermine tax certainty, increase compliance costs and weaken the EU’s attractiveness as an investment destination.

The evaluation of the Directive on Administrative Cooperation (DAC) 1-9 can help enhance tax transparency, improve the Single Market and boost Europe’s competitiveness by decluttering tax policy. By ensuring that DAC includes fixed standards and mandating greater transparency for DAC data, lawmakers can improve its functionality. Likewise, by exempting Pillar 2 companies (including those subject to the ‘side-by-side’ safe harbour) from DAC 6 and revisiting the administrative requirements and outcomes of reporting under DAC 6, the Anti-Tax Avoidance Directive (ATAD), the Pillar 2 Directive and the Public Country by Country Reporting (pCbCR) Directive, lawmakers can minimise additional costs for companies and tax authorities alike while maintaining the integrity of the tax system.

From Wednesday, 4 March to Friday, 6 March, AmCham EU visited Dublin, Ireland ahead of Ireland’s upcoming Presidency of the Council of the European Union. The delegation met with Irish policymakers and business representatives to exchange views on EU policy priorities, Europe’s competitiveness and the transatlantic partnership. The visit forms part of AmCham EU’s ongoing engagement with Member States ahead of their Presidency. 

Discussions focused on strengthening Europe’s competitiveness and promoting a supportive policy environment for investment and innovation. Exchanges covered areas including financial services, digital policy, tax, life sciences and environmental policy, as well as the importance of maintaining a strong transatlantic partnership. 

With Ireland preparing to assume the Presidency of the Council of the European Union, AmCham EU looks forward to continuing engagement with Irish stakeholders on strengthening Europe’s competitiveness and the transatlantic economy. 

During the visit, the delegation met with representatives from the Irish Government, parliament and business community, including:

• Peter Burke, Minister for Enterprise, Tourism and Employment 

• Thomas Byrne, Minister of State, European Affairs and Defence 

• Jennifer Carroll MacNeill, Minister for Health 

• Eoghan Glynn, Acting Head of UK and International Trade Division, Department of Agriculture, Food and the Marine 

• Martina Hennessy, Assistant Secretary, Department of the Environment, Climate and Communications 

• Edwina Love, Head of EU Division, Department of Agriculture, Food and the Marine 

• Philip Nugent, Assistant Secretary, Department of the Environment, Climate and Communications 

• Sinéad Ryan, Assistant Secretary, Business and International Tax Policy, Department of Finance 

• Robert Troy, Minister of State, Department of Finance 

• Maeve von Heynitz, Director-General, EU Division, Department of Foreign Affairs 

• Barry Ward, Chair, Committee on European Affairs, Oireachtas