The Irish government will not raise the country's low corporation tax rate in return for an EU-led bailout, as a French official said some view the rate as "almost predatory".
Deputy Prime Minister Mary Coughlan said the 12.5% rate - much lower than the EU average - was "non-negotiable", reports the BBC.
Her comments come as speculation grows that France and Germany want the Irish Republic to raise the tax in return for aid.
The Financial Times on Friday reported a French official saying the low corporate tax rate was seen by some elsewhere in Europe as "almost predatory".
"They need lots of money and we note they have a corporation tax rate that is very low," the official said. "Supply must follow demand." FULL STORY...
Britain slips five places in world tax league
Britain is sliding down the global ranking of the best tax systems in the world, according to the latest "flowerpot" survey by the World Bank and PricewaterhouseCoopers.
The survey, which tests country's tax regimes by test-running a tax-return of theoretical flowerpot company, placed the UK in 16th position out of 183, compared with 11th position last year.
The UK's total tax rate has risen from 35.8pc of commercial profits in 2006 to 37.3pc today. FULL STORY...
FBI arrests former Madoff secretaries
American authorities have arrested two former secretaries of jailed swindler Bernie Madoff in connection with his infamous multibillion-dollar Ponzi scheme.
Annette Bongiorno, who worked for Madoff for 40 years until his confession and arrest in December 2008, was arrested at her home in Boca Raton, Florida. JoAnn "Jodi" Crupi was taken into custody at her Westfield, New Jersey home, according to an FBI spokesman.
They are charged with conspiring to mislead investors and breaking US securities and tax laws, as well as facing related civil charges. FULL STORY...
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client