News

The great corporation tax debate

How much Corporation Tax is paid in Ireland? This is a relatively easy question to answer. In 2013, €4,270m was collected in Corporation Tax receipts.

This was 11.3pc of overall Exchequer tax revenue and equivalent to 2.6pc of Gross Domestic Product (GDP).

The revenue generated by Corporation Tax in Ireland is in line with the EU average.

The answer that Ireland is in line with EU averages does not generate …

More than $22bn wiped off value of Google stock over night

MORE than $22bn was wiped off the value of Google last night, amid fears that it is struggling to make as much money from mobile users as those on traditional desktops. The technology giant saw revenues climb by a fifth to $15.4bn in the first quarter, while profits edged up 3pc to $3.45bn, below analysts’ expectations.

However, investors were most rattled by a sharp fall in the amount of money …

'Signs of economic recovery' says Credit Union body

The first signs of possible economic recovery have been experienced over the past year, Irish League of Credit Unions boss Kieron Brennan said today.

While nearly 1.7m people have €100 or less at the end of the of the month after bills are paid, disposable income has increased by €13 since April 2013.

This figure is €20 for working adults while there has been in the number of people who …

Closing NAMA early offers 'less value to taxpayer'

Closing down NAMA early won’t recoup the best return for taxpayers, chairman Frank Daly has warned.

Finance Minister Michael Noonan has asked NAMA to weigh up the pros and cons of an accelerated sale that would see the agency shut earlier that the original 2020 deadline.

Possibilities could even include a quick sale over a six-month period, or a sale in separate tranches over a more extended set timeframe, Mr …

Eurozone banks hoarding €71.5bn cash ahead of ECB stress tests

Tens of billions of euro that banks in the eurozone have set aside for loan losses may have substantially reduced their chances of failing ECB stress tests.

A total of €71.5bn was set aside in 2013 by the 20 biggest listed banks involved in the exercise, a Reuters analysis of their new annual reports shows. Many also boosted capital ratios by raising cash and hoarding profits.

^
© 2017 Allen Morrissey & Co Accountants - All Rights Reserved Website by Practicenet.ie