Thursday 8 December 2016

Ireland is viewed as a "pariah state" by the international community due to its corporate taxation policies, according to the man behind many of Jeremy Corbyn's economic policies.

Published 19/10/2015 | 02:30

Ireland is viewed as a "pariah state" by the international community due to its corporate taxation policies, according to the man behind many of Jeremy Corbyn's economic policies.

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Economist Richard Murphy said Ireland should bring its corporate tax rate in line with the UK's, which is set to drop from 20pc to 18pc by 2020.

Financial Times

Barclays is to accelerate the shrinkage of its investment bank by exiting trading operations in continental Europe, Asia and Latin America in a plan supported by incoming chief executive Jes Stanely.

Stanley, the former head of JPMorgan Chase's investment bank, is expected to take over early next year, subject to regulatory approval.

Sunday Times

The specialist loan servicing company Certus will cease to trade next year with the axeing of about 320 jobs, following the loss of the Dublin-based company's founding and largest contract. Certus Ireland - which once employed more than 1,100 staff - has lost the contract to service Lloyds' €5.5bn Irish residential mortgage book.

Sunday Business Post

It survived the Cromwell confiscations and the Famine, but now Westport House in Co Mayo, which has been owned by the Browne family for 400 years, could be sold to an overseas-based vulture fund.

The estate is set to be sold off as part of Nama's Project Arrow loan book, which is the subject of a bidding war between two distressed asset buyers, Cerberus and Apollo.

Irish Independent

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