News and information on Deloitte activities - our most recent press releases can be found here:
| Deloitte makes it 6 in a row as a Best Company to Work for |
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28 February 2008 |
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Deloitte is once again one of the ‘50 Best Companies to Work for in Ireland’, according to a detailed assessment by the Great Place to Work® Institute Ireland. This is the sixth year in a row that the firm has received this prestigious honour – and it is the only professional services firm in Ireland with this record. In this year’s awards Deloitte not only ranked in the top 10 but also received an outstanding achievement award for promoting a work-life balance for its people. Deloitte is one of Ireland’s leading professional services firms and provides audit, tax, consulting and financial advisory... |
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| Sharp drop in 2007 buy-out deal values as credit crunch bites |
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20 February 2008 |
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The value of private equity completions in Ireland in 2007 fell to €440 million from €1.36 billion, down 67% on the previous year, according to the annual survey of the Centre for Management Buy-out Research (CMBOR), the pre-eminent provider of analysis on the Irish & UK markets founded by Barclays Private Equity and Deloitte. The significant drop in buy-out / buy-in deal values during the year resulted in an average deal value of €33.8 million, down from €85.1 million in 2006. It was the lowest average deal value since 2000. In addition, there were no transactions in 2007 that exceeded the €250 million mark – compared to three such... |
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| United rise but Real Madrid stays top |
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14 February 2008 |
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Manchester United has climbed two places to second in the latest Football Money League from business advisory firm Deloitte, which ranks the 20 biggest football clubs in the world based on revenue. Real Madrid remains the world’s largest revenue generating club, completing a hat-trick of first place finishes. Analysis in the Football Money League is based on the latest financial information for the 2006/07 season. Manchester United is joined in the top five by Chelsea and Arsenal. Chelsea has climbed two places to fourth whilst Arsenal is the biggest climber in the 2007 Money League, rising four places to fifth... |
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| European independent study on filtering tools |
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11 February 2008 |
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Deloitte announced today the results of a second European study on filtering solutions for illegal and possibly harmful online information aimed at children. This independent study was carried out on behalf of the European Commission as part of the “Safer Internet plus Programme” (SIP). Thirty of the most widespread filtering tools were tested by more than one hundred parents and teachers in ten European countries, and by Expert Testers. Key findings The results of this year’s study have been compared with those of 2006 to reveal the evolution of these tools and the industry. Half of the 23... |
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| Deloitte Director appointed Chairman of the Executive Selection Consultancies Association |
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04 February 2008 |
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Deloitte are pleased to announce that Mark O’Donnell, director of its Human Capital practice, has been appointed Chairman of the Executive Selection Consultancies Association (ESCA). ESCA is the professional body representing the major executive recruitment consultancies in Ireland and works to ensure that professional standards are maintained in member companies. It is committed to ensuring that consultants who work in executive recruitment have the qualifications, skills and expertise to meet their clients' needs. Mark has been a member of ESCA for 8 years and has been working in the Executive Selection area for over ten years.... |
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| Clubs spend record £150 million in January transfer window |
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01 February 2008 |
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Player transfer spending by Premier League clubs was around £150m in the January transfer window, more than double the amount spent in previous January transfer windows, according to analysis by the business advisory firm Deloitte. Paul Rawnsley, Director in the Sports Business Group at Deloitte, commented: “The record January figure comes as no surprise. Premier League clubs are investing some of the additional £300m broadcast revenue received in 2007/08 to strengthen their playing squads as they seek to challenge for the top spot, secure qualification for European club competitions or retain Premier League... |
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| Finance Bill 2008 – more favourable measures for Ireland Inc were needed |
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31 January 2008 |
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Finance Bill 2008 does not go far enough in delivering the measures needed to maintain Ireland as a favourable location for knowledge based investment. In particular, it was hoped that the provisions announced in relation to intellectual property and R&D tax credits would go further to encourage investment of this nature. Commenting on the provisions announced in Finance Bill 2008, Joan O’Connor, Tax Partner, Deloitte said: “In the context of Ireland’s agenda for a knowledge economy, Finance Bill 2008 does not focus on any tax deduction for acquired intellectual property and indeed amends a long standing... |
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| Finance Bill 2008 – New Vat on Property Rules may be a challenge to industry |
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31 January 2008 |
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Commenting on the new VAT on Property rules announced in Finance Bill 2008, Aidan Fagan, Tax Partner, Deloitte said: “The new rules are, in principle, more logical, and should be easier to follow. However, the devil is, as always, in the detail. The fact that there are now some 27 pages in the Finance Bill devoted to the new rules, and the transitional rules, which are required to bridge the gap between the old and the new, speaks volumes. It also raises the question as to whether there is enough time for the industry to become familiar with these rules before 1st July next. Indeed, it will be a significant challenge to all... |
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| Finance Bill 2008 – Taxation of Foreign Dividends measures will increase the compliance burden |
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31 January 2008 |
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The changes announced in the Finance Bill 2008 with regard to the Irish taxation of foreign dividends are to be welcomed as they reduce the tax rate. However, they will also have the unfortunate effect of increasing the compliance burden for Irish holding companies while not in reality succeeding in their stated aim of making the Irish tax regime compliant with Community law in this area. Declan Butler, Tax Partner, Deloitte said: “As a result of the decision of the Court of Justice in the case of the FII Group Litigation Order it was obvious that the rules relating to the Irish taxation of foreign dividends needed to... |
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| Deloitte analyses top trends for the technology, media and telecoms industries for 2008 |
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22 January 2008 |
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 The Deloitte Technology, Media & Telecommunications (TMT) Industry Group today announced its predictions for the TMT industry in 2008. The reports forecast that 2008 may be the year in which, among others, there will be increased online authenticity required by online... |
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