BUSINESS - BREAKING NEWS

The Organisation for Economic Cooperation and Development (OECD) has unveiled its recommendations on overhauling global corporation tax.

BUSINESS - IRISH EXAMINER

Angel Gurria

Action plan to force changes on aspects of corporate tax

A comprehensive global action plan on corporation tax systems revealed by the OECD will force Ireland to change some of the elements that have made the country attractive to multinational companies.

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‘No need for further unilateral corporate tax change’

There is no need for the Irish Government to introduce any further changes to the corporate tax system on a unilateral basis following the publication of the OECD’s draft paper on base erosion and profit-shifting (BEPS), according to Padraig Cronin, head of tax & legal services, at Deloitte Ireland.

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Only half of banks accept ECB terms

The ECB will rewrite a non-disclosure agreement with lenders undergoing its current health check after fewer than half the institutions agreed to the terms.

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Consumers uncertain on recovery

Consumer uncertainty over the uneven nature of the economic recovery is reflected in a survey that shows a slight drop in optimism compared to July.

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Fyffes and Chiquita in talks with EU over merger plan

Chiquita and Fyffes have submitted remedies to the European Union to deal with the likely impact that their proposed merger will have on competition.

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‘Mortgage insurance will boost supply’

Mortgage insurance will not lead to long-term price inflation and create another property bubble but can instead be a key component of a sustainable housing market, according to a mortgage expert.

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Ryanair eyes technology, retail projects

Ryanair Holdings may add technology startups and retail businesses as potential acquisition targets as Europe’s biggest discount airline seeks to develop its online presence and boost ancillary sales.

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Only 1% of retailers give top marks to Coalition

The Government has scored poorly in a report that shows just 1% of retailers would award the Coalition top marks for its performance in helping the sector.

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Dublin pharma firm sued in NYC

Actavis plc is being sued by New York attorney general Eric Schneiderman over claims it is trying to block generic competition by swapping versions of its Namenda Alzheimer’s drug, a move he says is part of a growing trend in the pharmaceutical industry to maintain high prices.

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Matteo Renzi: Asset sales to reduce Italy's debt.

Italy aiming to boost property market

Italy’s steps to transform its real estate investment trust industry mirror changes made by Spain that helped attract foreign investors including Bill Gross and George Soros.

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Dairy sector facing uncomfortable decisions

The Irish Dairy Board is an organisation always worth listening to when discussing prospects for milk prices.

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