News and information on Deloitte activities - our most recent press releases can be found here:
| Advocate General favours Marks & Spencer (M&S) claim for cross-border loss relief |
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07 April 2005 |
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The Advocate General (AG) made a recommendation today (April 7th), to the European Court of Justice (ECJ) finding in favour of the taxpayer, in a case which has been watched closely by international business and Finance Ministers across Europe. “This is a partial victory for M&S - they have won on a point of principle, but it is still not clear that they, and companies like them, will necessarily be successful in their claims,” comments Pat Cullen, Senior Tax Partner of Deloitte. “The AG opinion, if followed by the ECJ, gives room for Member States to protect their revenues. The AG opinion says that the... |
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| DELOITTE BACKS IRISH CRICKET IN WORLD CUP BID |
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09 March 2005 |
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Deloitte, one of Ireland’s leading professional services firms, is backing the efforts of the Irish Cricket Team to qualify for the 2007 World Cup which will take place in the West Indies. Ireland will be one of 16 countries attempting to land one of the qualifying spots at stake this coming July. And the good news is the qualifying tournament is taking place in Ireland. The Deloitte sponsorship monies is helping to fund an intensive coaching and fitness programme for the Irish Squad as they build up to the qualifying tournament. Ireland has never qualified for cricket’s World Cup Finals but victories... |
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| Deloitte PA Wins Financial Services PA of the Year |
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04 March 2005 |
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Gemma Gough, a Personal Assistant in Deloitte, has been awarded the Financial Services PA of the Year 2005 award at the Pedestals of Recognition Awards. Gemma joined Deloitte in 1987 and works in the Financial Advisory Services division of Deloitte, reporting to David O’Flanagan, Partner. According to Gemma, “My work in the division has plenty of variety. I prepare Power Point presentations and reports, organise client functions, take care of travel booking and diary management activities. I love working in Deloitte, it’s a very enthusiastic, friendly and committed team. All in all, I’ve had a very... |
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| Tax Collection and Payment System too Costly and Complex for SMEs |
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04 March 2005 |
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Senior executives overwhelmingly believe that the present tax collection and payment system is too costly, complex and cumbersome, particularly for small and medium sized businesses. At the Deloitte Finance Bill Breakfast today, at which over 250 senior executives were present, over 90 percent of attendees believed that the present system of making up to five tax payments in a calendar year should be restricted to the larger tax payers. Commenting at the Breakfast meeting, Pat Cullen, National Tax Partner with Deloitte, said that the Revenue should be able to estimate the threshold of profits or income that is required to generate... |
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| Deloitte identifies top telecom trends for 2005 |
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01 February 2005 |
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Deloitte’s Technology, Media and Telecommunications (TMT) Group today announced its predictions for the global telecommunications industry in 2005, forecasting a year of significant milestones, as well as difficult questions. Tom Cassin, head of the TMT in Ireland said, “The mobile and wireless market will overall maintain a positive trajectory in 2005. By year-end there will be close to 2 billion subscribers and several markets will have penetration in excess of 100%. In addition, billions of RFID tags will be deployed, marking the start of... |
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| Deloitte survey shows up wide divergence in remuneration levels and social welfare costs across most EU states |
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10 December 2004 |
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A new survey by Deloitte shows a wide divergence in remuneration levels and social security costs in 19 of the 25 EU member states. In particular, the survey highlights a wide gap in the remuneration levels of the new member states and the old original 15 members prior to the expansion of the EU last May. According to the survey, the Slovak Republic has the lowest remuneration costs at just under €6,500. Poland and Estonia are not far behind with remuneration levels of €7,125 and €7,423 respectively. Ireland is ranked 11th out of the 19 countries surveyed with an average remuneration cost of... |
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| Minister fails to give real boost to Irish business’s competitive position – Deloitte |
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01 December 2004 |
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The Minister for Finance, Mr. Cowen, has passed up a golden opportunity to enhance Ireland’s competitive position in his maiden budget – particularly by not abolishing companies’ capital duty and leaving Employers’ PRSI unchanged, Deloitte’s Tax Partner, Padraig Cronin, said today (1 December). While welcoming the Minister’s commitment to maintaining the 12.5% Corporation Tax rate, Mr. Cronin said that there was very little in this year’s budget to enhance the competitive position of Irish business. “Given the resources available to the Minister, we feel he missed an opportunity to reduce the employment cost burden on... |
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| LUAS WELCOMED – NOW ITS TIME FOR ROAD PRICING |
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10 June 2004 |
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With the LUAS making its first trial runs in Dublin City Centre this week a survey by consulting firm Deloitte suggests that road pricing is now a real likelihood in the capital city. 72 percent of European cities see road pricing as an effective way of managing and reducing congestion according to the survey. According to Deloitte’s forecast, in Western Europe, gridlock will rise 188 percent on urban roads by 2010. In OECD countries alone, the cost of gridlock equals nearly three percent of GDP, or about €810 billion. Deloitte’s report ‘Combating Gridlock’ questions what can be done, pointing out that there has been... |
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| IDA Ireland appoints Deloitte to conduct international review of financial services |
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12 February 2004 |
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IDA Ireland has announced (Thursday 12th February) the appointment of Deloitte as the international consultants to undertake a strategic review of the international financial services industry. Deloitte will provide world class advice on global trends and new business models in the international industry and the potential opportunities from this for the sector in Ireland. They will also assess current threats to Ireland’s position as a top location for international financial services. The study will begin shortly and a report is expected by mid year. David Hanna, Manager of IDA International... |
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| Deloitte sweeps top honours |
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02 February 2004 |
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Deloitte Touche Tohmatsu (DTT) member firms have been recognised as the world's best for securitization accounting by International Securitization Report (ISR), a securitization trade publication based in London. DTT also took honours as the Best Securitization Accounting Firm for each of the world regions recognised by ISR: Europe, North America and Asia - a clean sweep of all the accounting awards. "We are honoured to be recognised internationally for outstanding securitization accounting services and we are delighted that Ireland has been acknowledged for its efforts in supporting the global firm," said Mary Fulton... |
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