News and information on Deloitte activities - our most recent press releases can be found here:
| Ireland achieves 24 places in 2008 Deloitte Technology Fast 500 EMEA |
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26 November 2008 |
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Ireland has achieved 24 places in the Deloitte Technology Fast 500 EMEA ranking which is announced today, Wednesday, November 26th. This ranks public and private technology companies from 23 countries in EMEA with a minimum revenue of €50,000 in year one. It is the most objective industry-ranking standard to focus on the technology sector. The Fast 500 is researched by Deloitte’s Global Technology, Media & Telecommunications (TMT) Group. “This year sees another steady performance by Irish companies in the Fast 500 listing which is very encouraging to see, particularly given the more challenging... |
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| Finance Bill provides some good news for Financial Services industry – Deloitte |
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20 November 2008 |
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Today’s Finance Bill proposed some positive practical changes that will be of assistance to financial services companies. Deirdre Power, Financial Services Tax Partner with Deloitte commented: “While the Budget "nasties" for the FS industry have not gone away, the positive changes to allow dividend and interest payments to be made gross to countries with which we have signed tax treaties, rather than the existing requirement for those treaties to be ratified, is a pragmatic solution for the many FS companies that make cross border payments. Other benefits arising from this change in treaty status will... |
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| Finance Bill makes further progress in R&D but not quite there yet – Deloitte |
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20 November 2008 |
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The Finance Bill published this afternoon makes a number of welcome improvements to the calculations of R&D tax credits which will benefit companies in the knowledge based economy. However more can still be done to ensure Ireland is favourably positioned to attract R&D investment. Commenting on the measures, Joan O’Connor, Tax Partner, Deloitte said: “The government has recognised that the knowledge economy will be instrumental in driving Ireland’s economy forward and has made a number of improvements to the R&D tax scheme, most notably by permanently setting 2003 as the base year for calculating credits and monetising the credits so... |
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| U Turn on Stamp Duty in Finance Bill spells more bad news for developers – Deloitte |
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20 November 2008 |
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Developers’ exposure to Stamp Duty to increase Government chooses not to take recommendations from independent reportDespite concerns surrounding the effects of changes to Stamp Duty rules on the already depressed property market, today’s Finance Bill proposes to introduce a measure which will further increase property developers’ exposure to Stamp Duty. The measure, which would appear not to be retrospective will lead to Stamp Duty being payable in full on certain land contracts and licences, is subject to a commencement order and is similar to that proposed in 2007 - but with a carve out for Public... |
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| Online payment security not enforced on 65% of Irish websites – Deloitte |
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19 November 2008 |
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A significant number of websites do not enforce adequate enough security for online payments, leading to a greater risk of identity theft and fraud, according to recent analysis performed by Deloitte Enterprise Risk Services. The analysis looked at over 100 Irish based e-commerce websites and examined the security levels that were in place for online payments. While certain progress has been made in complying with the Payment Card Industry Data Security Standards (PCI DSS), a significant proportion of websites analysed are still not compliant with the standards. 53% of companies supported weak or legacy encryption, with 2% sites not... |
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| Deloitte Hedge Fund Practice Tops Big Four in Alpha Magazine’s Alpha Awards |
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18 November 2008 |
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Deloitte has been selected as the top accounting firm in the Alpha Magazine 2008 Alpha Awards by the Hedge Fund 100, Alpha’s most exclusive ranking of the world’s largest single-manager hedge funds. Voters have rated Deloitte as the pre-eminent accounting firm for four consecutive years. "Deloitte’s multidisciplined approach and dedication to excellence has proven again to be the model that meets our clients’ sophisticated needs best," said Ronan Nolan, Head of the Funds Practice at Deloitte Ireland. "We are honoured to be recognised as a leader in the marketplace by our clients. It is their belief in our commitment that has made our... |
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| Irish spending power at Christmas to fall by nearly 10% as recession and inflation bite |
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12 November 2008 |
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Retailers forced to adapt as savvy consumers search for cost savings 60% of consumers setting budgets this Christmas
Work colleagues the big losers in gift cull Irish consumers will spend on average 5.3% less this Christmas compared with last year according to the annual Deloitte consumer survey of Christmas spending. Coupled with this, a current inflation rate of 4.3% means that consumers’ spending power will, in effect, be reduced by nearly 10%. Despite this, Ireland still remains the biggest spender in Europe at Christmas, ahead of the... |
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| Limerick student achieves first place in Ireland in Tax Exams |
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07 November 2008 |
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Deloitte Limerick is delighted to announce that Alanna Duggan, trainee tax consultant with the professional services firm, has achieved first place in her Part 2 AITI tax exams. Alanna, who is from Spancilhill just outside Ennis in County Clare, began her career with Deloitte in September 2007. Dan O’Donovan, Tax Partner, Deloitte Limerick, commented: “To achieve first place in Ireland is a tremendous achievement and we are immensely proud of Alanna. Since joining the firm, she has made a significant contribution and we are delighted that she will be working with us as she fully qualifies as a tax consultant. We look... |
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| Motor Insurance Premiums to rise by up to 10% in 2009 – Deloitte |
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22 October 2008 |
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Nearly 90% of Irish motor insurance companies said that they expect to increase premiums in 2009. 41% expected an increase of up to 5%, with 42% expecting increases of between 5% and 10% according to Deloitte’s annual Motor Insurance Survey. Once again, analysis of the Insurance Statistical review and returns made to the Financial Regulator show that overall the motor insurance companies showed an increase in profitability. However, much of this has arisen from continued release of reserves from prior years, increasing profits in the current accounting period. The current year’s business is not showing the profitability of... |
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| Lincor Solutions jumps straight in at Number One in Deloitte Technology Fast 50 Awards |
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17 October 2008 |
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Lincor Solutions Ltd, a provider of next generation interactive digital media solutions for the delivery of content and communication services to the healthcare sector, has scooped the top prize in this year’s Deloitte Technology Fast 50 Awards. This is the first year the company has entered the awards. The company, which was founded in 2003 and has offices in the Digital Depot in Dublin and in Cork Technology Park, achieved an aggregate growth rate of 3,145% over the last five years. The average growth rate of the Fast 50 companies named in this year’s ranking was 460%. Once again Zamano, a leading... |
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