Conor's Feed
Jun 10, 2013

Britain takes security gamble with Northern Ireland G8

ENNISKILLEN, Northern Ireland (Reuters) – British Prime Minister David Cameron is gambling that the remnants of the Irish Republican Army are too weak to trouble the world’s most powerful leaders when they meet five miles from the scene of one of the worst killings in Northern Ireland’s recent history.

Cameron’s government has chosen a secluded lakeside hotel near Enniskillen to host U.S. President Barack Obama and his Group of Eight colleagues at a summit next week, banking on its remote location to deter anti-globalists, Islamists and any other potential trouble-makers.

May 31, 2013

Aer Lingus board backs 140 mln euro pension payout

DUBLIN, May 31 (Reuters) – Aer Lingus’s board
backed a proposed 140 million euros ($183 million) one-off
payment to employee pensions on Friday under a deal to avoid
possible strikes at the Irish airline.

The deal aims to address a hole in a pension scheme which
employees at Aer Lingus share with other aviation industry
workers and which had a deficit of over 700 million euros at the
end of 2011.

May 30, 2013

UK may force Ryanair to sell 30 pct Aer Lingus stake

DUBLIN, May 30 (Reuters) – Britain’s Competition Commission
said it may force Ryanair to sell its entire stake in
Aer Lingus after a probe found the holding allows the
low-cost giant to influence strategy at its smaller Irish rival.

Ryanair’s chief executive Michael O’Leary said the decision
was “bizarre and manifestly wrong” and that the competition
commission would be in breach of European Union law if it ruled
while an EU court was considering the same question.

May 30, 2013

UK says may force Ryanair to sell Aer Lingus stake

DUBLIN, May 30 (Reuters) – Britain’s Competition Commission
said it was considering forcing Ryanair to sell its
entire 30 percent stake in Aer Lingus, which it said
allows the low-cost airline to influence its Irish rival’s

Ryanair’s chief executive Michael O’Leary responded by
saying the competition commission was in breach of EU law.

May 28, 2013

Irish government backs ban on cigarette pack branding

DUBLIN (Reuters) – Ireland is to become the first country in the European Union to ban branding on cigarette packages by using plain packaging and uniform labeling, the government said on Tuesday.

All trademarks, logos, colors and graphics will be removed from tobacco products sold in Ireland under the new rules, the Health Ministry said, after the proposal secured backing from the government.

May 27, 2013

Ireland readies diplomatic corps to rebuff tax haven claims

DUBLIN, May 27 (Reuters) – Ireland is preparing to
officially reject accusations by U.S. Senators this week that it
acts as a tax haven for large multinationals and launch a
diplomatic offensive to repair the damage done to its reputation

Ireland has been forced to defend its low corporate tax rate
after the Senate said last week that iPhone and iPad maker Apple
paid little or no tax on tens of billions of dollars in
profits channelled through Irish subsidiaries and that it had
effectively negotiated a special corporate tax rate of less than
2 percent. {ID:nL2N0E20Y1]

May 24, 2013

Low-carat gold at Irish end of U.S. corporate rainbow

DUBLIN, May 24 (Reuters) – Irish officials and business
leaders like to trumpet their success in attracting U.S.
investment as proof the country is on the road to recovery.

At a conference in Dublin on Friday the head of Ireland’s
largest bank gave small business leaders the “15-second elevator
pitch” he gives to U.S. executives when he is in New York or

May 22, 2013

Irish seek to hold the line in tax battle

CORK/DUBLIN (Reuters) – Until this week, Richard Bruton enjoyed the sweet spot in Irish government. While cabinet colleagues rolled out spending cuts and tax hikes, Bruton got the photo opportunities with foreign CEOs investing in their favorite corner of Europe.

Now the strategy that underpins Bruton’s role as jobs minister and the country’s hopes of recovering from the crisis that drove it to take an international bailout is under attack from the United States and the rest of Europe.

May 22, 2013

Ireland feels the heat from Apple tax row

DUBLIN (Reuters) – Ireland called on Wednesday for an international clampdown on multinationals shifting profits around the world to avoid tax, after criticism that Irish loopholes helped technology giant Apple to shrink its tax bill.

A U.S. Senate investigation into the tax affairs of the maker of iPhones, iPads and Mac computers has shone an uncomfortable spotlight on Ireland’s tax regime and forced the government to defend itself against accusations of being Europe’s onshore tax haven.

May 22, 2013

Ireland rejects blame for Apple’s low tax rate

CORK/DUBLIN (Reuters) – Ireland said on Tuesday it was not to blame for Apple Inc’s low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.

The Irish government, which has seen the luring of U.S. multinationals with low taxes as a key part of its economic policy since the 1960s, said its system was transparent and other countries were responsible if the tax rate paid by Apple was too low.