| Tax myths and statistics |
Issue: 11 / 2005 |
| Myths: The Irish tax system is biased to favour the rich and companies. Facts: An EU survey shows that Ireland taxes business more heavily than its EU partners, and taxes labour less than its EU partners. Myths and facts coincide on one point only: Ireland is more lightly taxed than the majority of the high unemployment fellow members of the EU. |
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| What to expect in Budget 2006 |
Issue: 11 / 2005 |
| The Social Partners have aided the Minister with advice for his budget, which will be presented this Wednesday, December 7th. As usual, some advice is conflicting, some hopefully won’t be implemented, but some areas of common concern can be identified, writes Pat McDaid in this month's KPMG tax monitor. |
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| Who’s Who in finance |
Issue: 11 / 2005 |
| Nigel Poynton
Director, NCB Wealth Management |
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| Who’s Who in FINANCE: Marie Corry |
Issue: 11 / 2005 |
| Marie Corry, director of finance and member of board of management, Allianz Ireland. Corry leads the finance function of Allianz, for whom she has worked since 1988. As a member of the board of management, she plays an important role in strategy development and implementation of Allianz. |
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| ‘The life of Brian’ |
Issue: 10 / 2005 |
| Brian Kelleher, senior relationship manager, AIB Global Treasury Services, describes a typical day in a business environment where markets move very quickly and one where ‘winning the deal’ gives as good a buzz now as it did 15 years ago. |
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| AIB moves out of gilts status |
Issue: 10 / 2005 |
| AIB Capital Markets’ Primary Dealer Unit (PDU) is to stop acting as a primary dealer in Government bonds as of the end of this year. AIB made the decision due to the lack of activity in the Irish Government bond over the past few years. |
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| Capital Home Loans goes on the road to sell first UK securitisation backed by Limited Company loans |
Issue: 10 / 2005 |
| In September Capital Home Loans, a subsidiary of Irish Life & Permanent since 1996 which specialises in providing Buy to Let loans and home loans to predominantly self-employed people, launched its latest securitisation issue under its Auburn Securities programme, the ?450 million, Auburn 5. This was an unusual deal as not only was it 100 per cent Buy to Let; the transaction was comprised entirely of Limited Company loans, a first in the UK, writes Bob Young, and the transaction was 2.4 times oversubscribed. |
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| Career in corporate finance is suitable for professionals with varying backgrounds |
Issue: 10 / 2005 |
| Although most investment bankers train as chartered accountants, the industry attracts people from all backgrounds including engineering and the arts. Leo Casey writes that what’s important to succeed in the sector are strong analytical and inter-personal skills. |
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| CEBS - is total convergence really achievable? |
Issue: 10 / 2005 |
| As the implementation of the Capital Requirements Directive approaches, Debra McCarthy asks, is the convergence of supervisory practise and transposition of Community Directives sought by CEBS really possible? |
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| Dublin is 8th most expensive for office rents globally |
Issue: 10 / 2005 |
| London tops the most expensive list, but Dublin is still in the top ten globally, with average class A net rent €376 per m2. |
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| Editorial |
Issue: 10 / 2005 |
| Accountancy compares well
Ireland’s accountancy sector is in extremely good health, as our annual survey on pages 4,5 and 6 of this issue shows.
Legal firms
Ireland’s top law firms are no slouches either when it comes to generating fee income, with a recent survey by British publication ‘The Lawyer’ describing Ireland as ‘one of the most vibrant and wealthy legal markets in the world’, where the profits of the leading Irish firms are ‘notably better’ than mid-size London firms. |
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| Fee income at top accountancy firms is up by 21.5 per cent, and recruitment is set to grow by 7 per cent |
Issue: 10 / 2005 |
| The Irish accountancy sector continues to boom, fuelled by a buoyant economy, and increasing regulation. Fee income amongst the top twenty-two firms responding to this year's FINANCE Annual Accountancy Survey now totals €782 million, up 21.5 per cent, with fee income amongst the 'Big 4' up 18.4 per cent on last year. |
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| Fee income soars by 21.5 per cent in industry |
Issue: 10 / 2005 |
| Fee income amongst Ireland’s top accountancy firms has soared by 21.5 per cent to €782 million according to the 2005 Annual FINANCE Accountancy Survey of the industry, which shows that Deloitte is the most efficient accountancy firm in Ireland, Horwath Bastow Charleton is the fastest growing, and over 1,000 people will be recruited into the industry in the coming year, an increase of 7 per cent on 2004. |
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| Financial services industry needs to focus on talent management |
Issue: 10 / 2005 |
| A combination of impending baby boomer retirements, a widening skills gap and outdated approaches to talent management is threatening the long-term business performance of organisations, writes Cormac Hughes. As such, managing talent retention and recruitment should now be a major priority for management and no longer seen as the sole purview of the HR department, he says. |
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| IAS 39 – the story so far |
Issue: 10 / 2005 |
| IAS 39, the accounting standard which deals with financial instruments such as derivatives was introduced in January of this year. Ten months on, Ciaran Kane looks at the impact of the standard on corporate treasurers’ use of derivatives since its introduction, and finds that, overall, there has been a tendency by companies adopting IAS 39 to use more vanilla products such as forwards and purchased options. |
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