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UK ‘Google tax’ will target ‘Double-Irish’ inter-company payments

A new British tax on companies that shift profits out of the country and into tax havens will target inter-company fees for services like use of intellectual property, according to a Treasury document seen by Reuters. Companies will also be […]

Recession had already hit parts of country over a decade ago – ESRI

LARGE chunks of Ireland entered recession a whole six years before the country as a whole, according to new research. Both the South East and South West went into recession more than a decade ago, according to new research from […]

Main Irish banks have submitted proposals on new mortgage rules

The deadline for the receipt of submissions on the proposed introduction of a cap on mortgages, which is due to be introduced early next year, passed at midnight. It is understood that all the main banks submitted proposals on the […]

Irish family businesses lag behind competitors in global poll

Irish family businesses need to adapt faster and become more professional, according to a new report from PwC. PwC’s ‘Irish Family Business Survey’ for 2014 also shows that compared to other Irish business sectors, family businesses here see themselves as […]

Central Bank urged to row back on proposed mortgage rules

Central Bank urged to row back on proposed mortgage rules. Ulster Bank has told the Central Bank that borrowers should be required to have a deposit of just 10 per cent if looking for a mortgage of up to €500,000, […]

Euro zone morale improves in December on prospect of ECB money-printing

Sentiment in the euro zone picked up in December as investors took a brighter view of the future, probably due to expectations that the European Central Bank will start buying assets next year, a survey showed on Monday. Sentix research […]

Setback for banks as tender for new credit bureau goes overseas

The Central Bank has chosen Italian credit checker CRIF as the preferred bidder to operate the new central credit register, the Irish Independent understands. Early last week, the Bank chose the Italian company ahead of rivals including the Irish Credit […]

Government asks Central Bank to ease mortgage deposit rules

THE Government wants the Central Bank to ease the introduction of strict new rules on mortgage borrowing by introducing the changes gradually. In a submission to the Central Bank which will be lodged today, the Department of Finance will offer […]

European stocks fall after Draghi stalls on stimulus

European stocks fell after European Central Bank president Mario Draghi said it will assess the need for further stimulus early next year, putting an end to speculation that it would take more immediate action. Hopes that the central bank would […]

New forecasts from ECB cuts eurozone growth outlook to 1pc

The European Central Bank (ECB) left official interest rates unchanged and at an all time low on Thursday, good news for householders with tracker mortgages. But, ECB president Mario Draghi issued new forecasts cutting the eurozone’s growth outlook for next […]

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