Budget 2014 was announced recently. For full details of what it might mean for you and your organisation, please see the attached Tax Alert from EY.Continue Reading »
On 25th June, the European Securities and Markets Authority (ESMA) published its draft proposals for improving the functioning of the derivatives markets in the European Union. The European Markets Infrastructure Regulations (EMIR) aim to reduce risk through the use of sound and resilient central clearing firms, increase transparency through mandatory trade notification mechanisms and reduce counterparty risk through appropriate risk mitigation techniques.
This members’ update is for general information only and ...Continue Reading »
This report covers the main financial services areas, banking, insurance, asset management and has country forecasts for the major eurozone economies. There is also an analysis of the proposed Financial Transactions Tax.
Recently, there has been an increase in the use of OIS as a basis for valuing derivatives in the financial markets. Click here for a summary of the main strategic, operational and reporting issues ...Continue Reading »
What has happened?
Amid the somewhat chaotic passing of the Finance Act in January 2011, treasurers may have missed a provision that could have significant consequences for the tax deductibility of intra-group interest payments.
When income tax was introduced to Ireland in 1853 one of the main deductions was for interest on borrowings. Originally, all interest payments made by a person or a company were tax deductible. Older readers ...Continue Reading »