News

Cutting the UK’s corporation tax rate to 15pc would boost foreign investment there by almost 11pc and reverse any declines suffered as a result of Brexit, a think tank has said. Chancellor George Osborne has unveiled plans to aggressively cut the country’s corporate tax to less than 15pc to woo businesses deterred by Brexit. That […]

US officials have gone to court demanding answers from Facebook about the tax due when the social media giant moved key assets to Ireland. It is claimed that the value of assets transferred by Facebook to its Irish subsidiary in 2010 may have been “understated by billions of dollars” by the social media giant’s accountancy […]

It has been argued that the separation of the UK from the European Union, when Government triggers Article 50, could jeopardise London’s position as the financial centre of Europe. But how likely is it that other European cities could take on its mantle? Uncertainty about the future of the country’s access to the EU market […]

It has been argued that the separation of the UK from the European Union, when Government triggers Article 50, could jeopardise London’s position as the financial centre of Europe. But how likely is it that other European cities could take on its mantle? Uncertainty about the future of the country’s access to the EU market […]

Water and waste solutions firm Glan Agua and civil engineering company MEIC have both opened new offices in Loughrea, Galway, as they look to add 60 new jobs over the next five years. Both firms are owned by construction group Mota Engil, which is expanding its Irish operations and creating a UK and Ireland headquarters […]

Water and waste solutions firm Glan Agua and civil engineering company MEIC have both opened new offices in Loughrea, Galway, as they look to add 60 new jobs over the next five years. Both firms are owned by construction group Mota Engil, which is expanding its Irish operations and creating a UK and Ireland headquarters […]

European shares rose on Thursday after a three-day losing streak, buoyed by gains in major consumer goods stocks such as Danone and Associated British Foods. The pan-European STOXX 600 index, which had fallen in the last three sessions, rose 1.5 percent while the FTSEurofirst 300 index advanced 1.4 percent. Danone surged 7 percent as investors […]

Ireland is likely to suffer an economic hit from Brexit, the National Treasury Management Agency (NTMA) has warned. In a presentation aimed at investors in the bond markets, who lend to the State, the agency that manages the country’s debt said Irish banks can expect to suffer because of their operations in Britain. Read more: […]

JPMorgan Chase and Co has warned that it may have to move a few thousand of its London-based staff to other eurozone offices as a result of Brexit. In an interview with Italian newspaper Il Sole-24 Ore, the bank’s boss Jamie Dimon said he is still unsure what is going to happen but maintains the […]

American multinationals are “deeply concerned” about the personal tax burden in Ireland, according to the American Chamber of Commerce Ireland. The Chamber said reform would make Ireland a more attractive location for talented workers. The call comes as Ireland faces increased competition for foreign direct investment with UK chancellor George Osborne announcing plans to slash […]