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  • 27 Apr 2020 7:24 AM | Michele Fogarty (Administrator)

    As we came to the end of January, the global outlook looked very promising. We had finally moved into the transition period with confirmation that the UK would formally leave the EU on 31st January 2020, the global economic slowdown had appeared to bottom out and Central Banks were on track to hold rates stable for the most part of 2020. Early 2020 tensions in Iran had subsided and progress was being made in the US-China trade talks. By the end of January, however, the number of victims infected with COVID-19 in China had surpassed 10,000 and the world was beginning to sit up and take note as this pandemic was in early session.


  • 21 Apr 2020 2:30 PM | Michele Fogarty (Administrator)

    The International Accounting Standards Board (IASB) has proposed amendments to a number of IFRS and IAS reporting standards in the context of the ongoing transition from interest rate benchmarks to risk free rates. 


  • 15 Apr 2020 10:00 AM | Michele Fogarty (Administrator)

    View the latest update from the European Association of Corporate Treasurers (EACT) re:
    3. All relevant issues


  • 15 Apr 2020 7:30 AM | Michele Fogarty (Administrator)

    On 22 December 2019, Finance Bill 2019 was signed into law by the President. Below is a brief overview of some of the key changes being introduced into Irish law on foot of this of relevance for corporate treasurers, namely:

    1. Introduction of hybrid mismatch rules;

    2. Updates to Irish transfer pricing rules;

    3. Transposition of EU Mandatory Disclosure rules into Irish law; and

    4. Other technical amendments of note;

    a. Amendments to the section 110 securitisation regime;

    b. Codifying existing practice relating to the tax treatment of stock borrowing and repurchase arrangements;

    c. Clarifying the tax treatment of impairment losses on foot of the introduction of IFRS9

    In addition to the above, other recent tax developments of note to corporate treasurers include:

    1. Future changes to Irish interest deductibility rules;

    2. OECD proposals for a global minimum tax rate


  • 23 Jun 2019 10:08 PM | Michele Fogarty (Administrator)

    The latest EACT newsletter is attached below.

  • 6 Jun 2019 9:54 PM | Michele Fogarty (Administrator)

    The financial statements for last year have been circulated to members in the past few days.

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