| Complexity of the UK system behind multinational HQs move to Ireland |
Issue: 07 / 2008 |
| The recent high profile cases of Shire Pharmaceuticals and UBM Media Group relocating their holding companies from the UK to Ireland have generated a wave of interest. Conor Begley & Heather Self consider the attractiveness of Ireland for UK multinationals and the current state of the UK review of the taxation of foreign profits, and set out some of the key issues that multinationals should consider in deciding whether to remain in the UK. |
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| Credit markets crisis continues |
Issue: 07 / 2008 |
| The signs are increasingly showing that credit markets are closed again. This augurs badly for risk markets. Panic in credit markets rarely if ever is a positive for shares and property in general. The result, when combined with the commodity crisis, could and probably will, result in further substantial drops in shares and property values from current levels. Rallies will occur, writes Tony Keogh of Trinity Financial Services. |
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| Developments |
Issue: 07 / 2008 |
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| Flight to quality in volatile markets |
Issue: 07 / 2008 |
| The short-term outlook for developed economies may be poor but a well chosen long term asset allocation for a diversified portfolio will see investors through this difficult investment environment. Rory Quinlan looks at the different asset classes and sub classes that offer investors the best opportunities in the current markets including inflation linked investment and emerging markets property investments. |
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| House prices to fall up to 40 per cent in this ‘savage’ correction: FINANCE economists poll |
Issue: 07 / 2008 |
| The ‘savage’ house price correction now fully underway in the Irish market will see prices falling by 20 to 40 per cent, peak to trough, before bottoming out, according to a panel of the leading Irish economists polled in Finance this month. |
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| Incentivising us to be greener - what can tax do? |
Issue: 07 / 2008 |
| The Programme for Government commits the Government to phase in fiscal measures to lower carbon emissions, including a carbon levy over its lifetime. Hence the new Commission on Taxation has been asked to prioritise work in the area of carbon tax. Brian Daly explains why the carbon emissions tax agenda is much wider than the concept of a carbon levy and gives some food for thought on possible pitfalls and opportunities in this area. |
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| Industry split over regulation of credit rating agencies |
Issue: 07 / 2008 |
| Charlie McCreevy, the European Internal Markets Commissioner, recently announced at the Finance Dublin Conference his intention to table legislation in the autumn to regulate the activities of credit rating agencies. However industry response to the move has been more mixed with some seeing regulation as a way to restore market confidence and others see problems with the regulation of credit rating agencies is unlikely to prevent future crises. |
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| Interacting with a changing legislative & technical environment |
Issue: 07 / 2008 |
| Kevin McLoughlin, Head of Taxes at Ernst & Young says ‘the constant challenge of the ever changing legislative and technical environment, the changes in the market, and interacting with lots of interesting people’ are the most exciting aspects of his job. He says, ‘the shift in investment patterns from West to East’ also presents exciting career opportunities going forward. |
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| Interest rates to hold firm into next year, followed by an easing in the second half |
Issue: 07 / 2008 |
| Pressures from rising oil and food prices are dissuading the ECB from cutting interest rates, according to respondents in FINANCE’s Interest Rate & Property Survey. |
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| Interview: Paul Atkins on credit rating agency regulation |
Issue: 07 / 2008 |
| An SEC proposal to remove all references that expresses reliance upon credit ratings is part of the ongoing refinement of approach towards credit rating agencies, according to US Securities and Exchange Commission (SEC) Commissioner, Paul Atkins in this exclusive interview with FINANCE. Atkins says he and the SEC will watch with ‘interest’ the developments following Commissioner McCreevy’s call for a registration and oversight system in Europe that McCreevy announced at the Finance Dublin Global Financial Services Centres Conference conference on June 16th, which was also addressed by Commissioner Atkins. |
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| Leading a big 4 accountancy firm |
Issue: 07 / 2008 |
| Damian Neylin, partner at PricewaterhouseCoopers’ and leader of its investment management practice, gives insight into how the investment management practice of a large accountancy firm operates. From the new Spencer Dock offices, Neylin and his team provide industry-focused assurance, tax and advisory services to over 60 per cent of the investment funds authorised / administered in Ireland. |
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| Regulator calls for greater self governance of incentives for executives |
Issue: 07 / 2008 |
| An emphasis should be placed on the link between the incentives of executives and prudent and sustainable business strategies, said the Financial Regulator Patrick Neary, addressing the Finance Dublin Global Financial Services Centres Conference. Neary called on greater self governance of remuneration and the need to maintain a reputation of the financial services industry. Neary said, an area where there is a momentum for change is in relation to the transparency of the market with the need for the market awareness of significant holding of CFDs. |
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| Unaccustomed to financial insecurity: the plight of the wealthy |
Issue: 07 / 2008 |
| In the second in a series of articles,Se?n ? Murch? looks back at an article written by his Bank of Ireland colleague Mark Cunningham in February 2003 that predicted markets were going to turn in the aftermath of the tech bubble bursting, the Enron affair and 9-11. Within a month of the article being written the bottom of the equity market was reached and gains for investors in real assets stretched to mid 2007. O’Murchu asks whether there is a case of deja vu and if today’s markets are about to turn as they did in 2003. |
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| VAT: the top global tax risk for business today - how are you managing it? |
Issue: 07 / 2008 |
| Research commissioned by KPMG provides further clear evidence of the increasing global importance of VAT, as corporate tax rates decline. It is time for Irish businesses to assess how they are managing this increasing level of VAT risk within their organisation, writes Niall Campbell. |
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| ‘We can’t build a fortress around Europe & invent stupid tax proposals’ |
Issue: 06 / 2008 |
| Charlie McCreevy, European commissioner for the internal market and services, in a wide ranging interview with FINANCE in anticipation of his keynote address at the Finance Dublin/Finance Magazine Global Financial Services Centres Conference 2008 on June 16th-17th, gives his views on the competition between established and emerging financial centres and regulatory issues therein. Against the backdrop of ‘siren calls’ for increased regulation, McCreevy outlines some of the practical steps that are being taken to resolve the credit crisis. |
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