Billionaire financier Dermot Desmond claims the publication of the Panama Papers wrongly linked him to rogue transactions and breached his privacy. A looming High Court battle will test Ireland’s embryonic privacy laws, as well as journalistic privilege.
Last Wednesday was the funeral of a great Irish-American whose story is little known. An investment banker who was near the top of the legendary Allen & Co, Walter O'Hara Jr was a champion of American investment in Ireland who had many links to here.
Irish banks are wasting away, along with the rest of the European banking industry. ECB regulation is a big part of the problem. When banks can't make money from lending, that's bad for shareholders, the economy, and eventually the taxpayer.
Mapping Multinationals: Exit the double Irish, enter the green jersey. Following into the footsteps of Apple, US-based tech multinationals incentivised by shifting tax rules have been accelerating onshorings of intangible assets here.
Investment into Local Enterprise Office clients increased from €18.2 million in 2018 to €20 million in 2019.
Michael O’Dwyer got the idea for his business as a young engineer ridding Dublin’s sewers of grease and fat. He now leads an exciting startup that has just closed a new fundraising round with big-name backers.
Former Taoiseach John Bruton fears 2020 could be a bruising and divisive year for Europe as Brexit talks gear up again. No matter. He is on a trade mission to champion Ireland as a legal services hub and to exploit the spoils of the UK’s withdrawal.
Accountancy firm Deloitte has been mandated to sell two of digital publisher’s Maximum Media’s non-core brands. A teaser document has been circulated to potential buyers of these brands. Joe Media, which owns its British business Joe.co.uk, continues to trade strongly.
Ireland's gaming industry continues to be exempt from availing of the Section 481 tax relief scheme that those in Film and TV production can get, despite several recommendations that it should be included. This did not seem to hamper the success of game developer Digit Games which is fast building a global presence.
The paperwork said you were not entitled to get your money back. But it did not matter as investors were poised to benefit from huge tax losses. Today, we reveal how one of the most audacious Irish tax schemes worked – and how it came unstuck.
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