New OECD proposals on corporate tax will hurt smaller markets, expert warns
NEW OECD proposals on taxing hi-tech multinational companies will fundamentally change their business models, Chartered Accountants Ireland warned yesterday.
It said plans to alter the way these global firms are taxed would only benefit large countries with large markets.
The Paris-based economic think tank has published a draft discussion on companies operating in the digital economy.
Sale of Bord Gais Energy in €1.1bn deal to Centrica consortium finalised
Bord Gáis has confirmed the terms of the sale of its energy division to a consortium made up of Centrica, Brookfield Renewable Energy Partners and Icon Infrastructure.
In a statement, the company said that the full terms of the sale have been finalised and transaction documentation signed on the $1.1bn deal which is expected to be completed in the second quarter of this year.
Bord Gáis Energy staff will transfer …
New price watchdog to protect shoppers
A RANGE of criminal investigation powers will be given to a new consumer protection agency to prosecute price-fixing cartels that push up prices for shoppers.
Offenders also face prohibition notices, compliance notices, on-the-spot fines for offences relating to price display and being named and shamed for failing to comply with consumer law.
Telephone and internet service providers will also be required to retain details of internet and call data for …
Risky business: the five things that keep me awake at night
RISK is an inevitable fact of life. Every day we evaluate – consciously and unconsciously – all kinds of risks, from investment decisions and career changes to whether or not to overtake another car or make a tackle on the playing field. We weigh up the chances of things working out well and things working out badly.
We humans should be quite good at this because, unlike all other creatures, …
Plans were drawn up for collapse of euro
GOVERNMENT contingency plans to replace the euro amid fears that the single currency would collapse are revealed today.
The Sunday Independent has learned that detailed measures were drawn up by Central Bank officials as fears of a break-up of the euro mounted in late 2011 and early 2012, despite a raft of official denials at the time.
The plans, devised under utmost secrecy, were deemed necessary to examine “all possible …