“It is open to question how much environmental taxes actually help in fighting global warming. Tax adds to inflation while the cost of administering the tax generally falls on the business community. Businesses are then forced to produce more in order to maintain adequate profit levels which in itself contributes to greenhouse gases.

“It is welcome that the Minister is taking a cautious approach to green taxes. His rebalancing of the VRT system where VRT rates will be focused on emission rates rather than on engine size is...

The UK has the most ranked companies with 91, closely followed by France with 68.

• Israeli firms take first, second and third place.
• Average five-year revenue growth for all companies is 1443 percent, the highest since the awards began.
• Survey of Fast 500 CEOs reveals that 79.5% of this year’s CEOs were extremely or very confident of managing the same growth rates over the coming two years.

Eighteen Irish companies have achieved a ranking in the Deloitte Technology Fast...

Nine out of ten say little or no short-term impact from credit crisis

Following the significant growth in the funds industry in Ireland over the last year, which saw assets under administration grow by 35% to $1.6 trillion, three out of four funds administration companies in Ireland expect revenue growth levels to exceed 20% in 2008, according to the 2007 Deloitte Fund Administration Survey. As a result of this Deloitte expect assets under administration to reach $2 trillion by year end 2008.

The survey reveals that there is great...

Irish households will spend on average €1,431 on Christmas this year, an increase of 6.9% on last year. Deloitte’s annual consumer survey of Christmas spending sees Ireland retain its top spot in Europe’s spending league. The UK is placed second behind Ireland with an average household spend of €1,007. The survey also reinforces figures release by the Central Statistics Office last...

Increased emphasis needs to be placed on IT Security Training to safeguard company’s data

Deloitte today launched their latest Information Security Awareness survey, which shows that 43% of respondents revealed their computer password. The survey, which was carried out to gain an understanding of the level of security awareness people have in a professional environment, reveals that organisations need to place increased emphasis on IT security awareness training.

The survey found that although 81% of respondents were aware that their...

Developing elearning solutions targeted towards clients in regulated industries, the company achieved an aggregate growth in revenue of 2838.7% in the last five years. Headquartered in Tralee, Co. Kerry, PulseLearning Ltd also has offices in New York, Boston, Arizona, New Brunswick (Canada), and Limerick.

The runner-up spot was taken by Zamano a leading provider of mobile services in the UK, Australia and Ireland. Both companies improved on their 2006 standings of...

Consultative approach appropriate

Commenting on the long awaited Department of Social and Family Affairs Green Paper on Pensions, Ian Mitchell, Managing Director, Deloitte Pensions and Investments said:

“There aren’t any shocks in the paper; but then it’s not a subject that lends itself to shocks and, perhaps learning from the ever evolving but rarely progressing pension landscape in the UK, the Department of Social and Family Affairs presents a paper that is about consultation and about buy in and sustainable long term...

Retaining and recruiting talent will drive future growth

Cape Town, October 16, 2007 – Deloitte Touche Tohmatsu (“Deloitte”) today reported that aggregate member firm revenues increased by a record 15.5 percent in U.S. dollars and 12.6 percent in local currencies, to US$23.1 billion for the fiscal year ended 31 May 2007.  This marks Deloitte’s fifth consecutive year of member firm double-digit revenue growth from continuing operations.  Every service line and...

“There are over 9,000 people working directly in the fund administration business in Ireland, making it the largest employer within the IFSC, said Brian Forrester, Partner, Financial Services, Deloitte.  Those 9,000 people oversee the administration of approximately 1.3 trillion euro in...

Standard of driver behaviour has improved over the last 12 months

Industry opinion divided on premium outlook for 2008

Over 80% of Irish motor insurance companies said that their company decreased premiums in 2007, the majority by up to 10%, according to a survey for the Deloitte Motor Insurance Seminar. Less than one in ten respondents said premiums had increased.

Opinions in the motor insurance industry on the outlook for premiums in 2008 are mixed. Over 40% of respondents believed that premiums would...