On 25 August 2016, Ireland's Department of Finance announced a consultation on updating the 1997 income and capital tax treaty with the U.S. as amended by the 1999 protocol. According to the consultation announcement, discussions are underway to update the treaty in regard to the treaty-related outcomes of the OECD BEPS Project and the 2016 update of the U.S. Model Tax Treaty ({News-2016-02-19…