Wednesday 22 May 2013
Apple "avoided" more than $1m (£650,000) in US taxes every hour last year, a senior Washington lawmaker said yesterday as the tech giant found itself the centre of the debate over loopholes in international tax laws.
Vodafone has hit back over accusations of tax avoidance, insisting that it made an "absolutely huge" contribution to the UK Treasury, as the mobile giant unveiled a big slump in annual pre-tax profits.
Business groups from each of the G8 countries have urged leaders to use next month's meeting in Fermanagh to clamp down on tax avoidance in member countries.
Marks and Spencer's boss Marc Bolland brushed off speculation about his future yesterday as the retailer delivered its worst annual profits figure in four years amid a disastrous performance from its clothing lines.
The surprise fall in UK inflation last month doesn't rule out further price rises in the months ahead, according to leading Northern Ireland economists.
THE boss of the company in charge of providing security for the G8 summit in Fermanagh is to stand down – just months after he came under fire for G4S botched handling of its Olympics Games contract.
MORE collaboration between the health and technology sectors could create a significant boost to the Northern Ireland economy, a new report has said.
NORTHERN Ireland pharmacy business Gordons Chemists has teamed up with Co Down firm Calerrific to supply its innovative high energy biscuits.
Royal Mail has unveiled a big jump in profits to £440m as it took another step towards a possible stock market flotation later this year.
MORTGAGE lenders are stepping up action to help up to 1.3 million interest-only customers who do not have enough cash to pay their loans back.
The Bank of Ireland has partially backtracked on a steep rise in mortgage rates for customers who thought their repayments were fixed for life.
US INVESTOR Wilbur Ross has called his almost 10% stake in Bank of Ireland shares as his best investment since the financial crisis.
Mark Ennis, chairman of Invest NI, reported that in 2012-13 Invest NI produced "a very strong performance with tangible benefits for business and the economy". He quotes results which are more upbeat than might have been expected.
A CO ARMAGH company has scored a breathtaking goal – a £1m contract in Brazil ahead of next year's World Cup.
It might seem odd that Northern Ireland's agri-food industry needs a "strategy" to take it through the next few years.
A LOUTH-based international pharmaceutical company with roots in Co Armagh has been sold to a US rival in a deal worth £5bn.
A FAMILY-RUN coach company in Co Antrim is investing £3m on keeping its tour buses on the roads of Ireland and Scotland.
YAHOO is buying online blogging forum Tumblr for $1.1bn (£0.7bn) as chief executive Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.
The UK should be braced for years of high inflation as the cost of living soars stubbornly ahead of wages, a leading economic forecaster warned.
David Karp, the 26-year-old founder of Tumblr, has now become one of the world’s richest technology entrepreneurs.
Vodafone has hit back over accusations of tax avoidance, insisting that it made an "absolutely huge" contribution to the UK Treasury, as the mobile giant unveiled a big slump in annual pre-tax profits.
NORTHERN Ireland pharmacy business Gordons Chemists has teamed up with Co Down firm Calerrific to supply its innovative high energy biscuits.
Royal Mail has unveiled a big jump in profits to £440m as it took another step towards a possible stock market flotation later this year.
MORTGAGE lenders are stepping up action to help up to 1.3 million interest-only customers who do not have enough cash to pay their loans back.
Business groups from each of the G8 countries have urged leaders to use next month's meeting in Fermanagh to clamp down on tax avoidance in member countries.
Apple "avoided" more than $1m (£650,000) in US taxes every hour last year, a senior Washington lawmaker said yesterday as the tech giant found itself the centre of the debate over loopholes in international tax laws.
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