News

Google to settle €305m Italian court case over tax claims

The Italian tax authorities have reached an agreement with Google which will see the tech giant pay €305 million in a deal to settle a number of tax disagreements, including claims relating to some €1B of income made in Italy but settled in Ireland between 2009 and 2013.


Ireland also faces tax rulings for aiding legal tax evasion in Apple case

The EC announced it would be starting an investigation in 2014 to look at Ireland's selective tax treatment of conglomerates and providing illegal state aid to jurisdictions that has facilitated such loop hole. Similar investigations are taking place looking at Starbucks' relationship with the Netherlands,…


UK accounting firms prepare for FRS 102 transition

In December, the end of year audits will be coming to an end, and there has been a lot of activity recently with firms surrounding the GAAP conversion ahead of the UK’s implementation of FRS 101, FRS 102, Reduced Disclosure Framework, and the Financial Reporting Standard according to new UK legislation.


IRELAND: New initiative hoped to encourage SME growth

The Irish government has launched a new initiative in hopes to assist small businesses (SMEs) with funding, which has been named SURE (Start-Up Refunds for Entrepreneurs). It will enable founding Directors of SMEs to reclaim up to 40% of any capital that was originally invested over the six past years,…


Irish move away from austerity was too early, advises OECD

Ireland has 'prematurely' shifted away from austerity to stimulus, the Organisation for Economic Cooperation and Development (OECD) has stated. The organisation said further reforms were needed to boost competition and make it easier to form and maintain a successful company. It added that any extra revenue in the state funds should be used to help combat debt.


Ireland reforms its controversial lenient tax structure

Ireland’s government will make major reforms to the country’s corporation tax structure, including the abolition of the so-called ‘double Irish’ scheme which has allowed large US multinational companies such as Google and Apple to cut billions of dollars off their tax bills.