Business and Finance News
Age of Anger and Delusion: Brexit, Trump and Sanders
There is a common thread that links the leaders of the Brexit campaign — the UK referendum in June on Britain leaving the European Union — and the insurgent campaigns of Donald Trump and Senator Bernie Sanders for the presidency in the United States: they are tapping public anger with the status quo but none of them have set out in credible detail how they would implement their goals after victory.
Number of housing units for sale across Ireland at 9-year low
Daft.ie says in its latest report that the total number of properties for sale at any one time across Ireland continues to fall from 2015 and in the first quarter of 2016 was a 9-year low.
Germany’s Schäuble seeking higher interest rates for savers
Wolfgang Schäuble, Germany’s powerful finance minister, last Friday called for the ECB to raise interest rates but the Organisation of Economic Cooperation and Development (OECD) in its latest survey of Germany, said the government had failed to take advantage of cheap borrowing costs to boost investment that is essential to longer-term economic growth.
Panama Papers: Irish media’s past timidity on tax avoidance/ evasion
Panama Papers & Ireland: The unfair tax system became a controversial issue in the mid 1970s in Ireland and it took almost a quarter of a century for the Irish Revenue to be entitled to declare a partial victory on massive personal tax evasion and …
When County Dublin’s land prices rocketed 530% in 9 years
After four decades of independence and grim economic torpor, a new Irish economic policy coupled with strong growth across Europe and in the US (8.5% real growth in 1965), brought delayed good fortune to Ireland’s economy and owners of serviced land in…
Delaware’s mega tax haven: Americans don’t need Panama
The US state of Delaware, calls itself the First State, and it is also the world’s biggest tax haven which may explain why the revelations this week triggered by a massive leak of over 11m documents from a law firm in Panama, facilitating the hiding of…
US tax inversion move may scuttle Pfizer’s plan to become Irish
The US Treasury Department on Monday made its third attempt in recent years to curb US companies from moving their headquarters/ tax domicile to foreign countries to save tax. The move may scuttle the $160 billion deal between Pfizer Inc., the US drugs…
Panama Tax Haven Leak: Leaders of Russia, Iceland among suspects
More than 11m documents from the files of Panama law firm Mossback Fonseca, the world’s fourth biggest offshore law firm, reveal the details of hundreds of thousands of clients using tax havens, including close associates of Vladimir Putin, president o…
Global manufacturing subdued, US adds 14m jobs in 73 months
The size of the US workforce rose 396,000 in March while 215,000 jobs were added with manufacturing losing 29,000. The private sector has now added 14.4m jobs over 73 straight months of job growth, the longest streak on record, and wage growth has acce…
Google profits from tax avoidance, pays CEO $209m in 2015/16
Google which is one of the big beneficiaries of the Double Irish tax dodge last year agreed to grant a pay package worth $100.5m, to Sundar Pichai, a native of India, even before he became head of the search engine unit of the new holding company Alpha…