Finance Dublin - Irish Tax Monitor | August 2023

Carol Lynch, Customs and International Trade Services Partner explores the role of the tax function in aligning corporate decisions with ESG strategies to mitigate negative tax implications. She emphasizes the need for tax transparency, benchmarking, and internal governance to integrate ESG and tax initiatives effectively, fostering a culture of tax transparency.

David Savage, Senior Manager, Customs and International Trade Services, discusses the upcoming EU CBAM implementation. Designed to counter carbon leakage, CBAM charges carbon-intensive imports. The transitional period from October 2023 mandates emissions data reporting for importers, posing new administrative challenges. Businesses should review supply chains, classify goods accurately, and gather emissions data to navigate CBAM compliance.
 
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