Bank of Ireland closed at €0.35, down 2.47 per cent, while Permanent TSB, which was recently floated on the main market, fell 5.83 per cent, to €4.20. Photograph: Niall Carson/PA Wire

Move from Emirates National Oil to buy out minority shareholders lifts Dragon Oil

In Dublin, Aer Lingus stock was up slightly but Ryanair fell by 1.8% as speculation about an IAG bid returns. Photograph: Eric Luke

Dollar bounces back from four-month low while S&P 500 reaches new all-time high

Paul Moore, former head of group regulatory risk at HBOS, says he warned the bank about excessive risk in the early 2000s – and was fired for it. Photograph: Jeff J Mitchell/Getty Images

Former HBOS risk expert says ‘wrong’ people often at top in corporations

Larry Goodman: the Goodman Family Trust has an investment in a company set up to take part in a joint venture with West Star Exploration, in Oklahoma. Photograph: Cyril Byrne

Project ended up in US court over dispute with exploration partner West Star

Larry Goodman: said the group pays substantial millions in corporation taxes on the profits earned and is tax compliant in all jurisdictions in which it operates.

Review to look at international structure for possible tax implications

Larry Goodman: his business empire involves myriad companies, many of which are unlimited and do not publish accounts, in Ireland, the UK, Jersey, the Netherlands and Luxembourg. Often ownership goes from Co Louth to the UK to Jersey and back to Co Louth.  Photograph: Alan Betson

Luxembourg decisions the latest key chapter in the beef baron’s portfolio

Dropbox website image: the move to handle income in Ireland will bring back into focus the controversial role played by Ireland in the tax affairs of US multinationals

Income from many clients will be booked in Ireland where corporation tax is much lower

Permanent TSB was the most active share on the Dublin market, with almost 21 million shares changing hands on what was the first official trading day for the stock

EU slashes growth predictions for Greece from 2.5 per cent to 0.5 per cent

The Global Partners Investment Fund bought ownership rights to 60 per cent of the Skra sports complex (above) in central Warsaw, with a view to building a new sports arena, along with other structures, on the site. The Skra sports complex in central Warsaw

Irish businessman Michael Holland accuses Warsaw authorities of ‘conspiring to confiscate’ investment property

Larrry Goodman. Luxembourg filings give an unprecedented insight into the scale of the 77-year-old’s business empire. Photograph: Alan Betson

Luxembourg-based part-owner of ABP paid almost no tax on €52.6m in year to end of March 2013

Larry Goodman. Luxembourg company Parlesse Investments Sarl has shares in, and loans out to, a range of Mr Goodman’s businesses. Photograph: Eamonn Farrell/Photocall Ireland

Company accounts provide insight into Parlesse Investments

Wexford developer Alan Hynes said the people concerned were ‘white collar investors’, such as dentists, accountants and solicitors. ‘There’s one judge as well.’ Photograph: Aidan Crawley

Court told a judge is among 45 investors in Dundrum development

Ibec head of policy and chief economist Fergal O’Brien and chief executive Danny McCoy: despite  economic growth, the employers’ group has  warned that the Government still has limited room to manoeuvre on the fiscal front. Photograph: Dara Mac Dónaill/The Irish Times

Quantitative easing, exchange rates and oil prices are behind boost for the economy

Smurfit Kappa chief executive Gary McGann: there is continued media speculation about a potential bid from rival International Paper. Photograph: Bryan O’Brien

Directors said to be frustrated by rumours of €8.3bn approach from International Paper

The  company had no employees during 2013 but had“financial fixed assets” of €560 million.

Multinational warns shareholders OECD tax base erosion project may hit profit

Alan Hynes: the loan collateral includes €3.6m personal guarantee Hynes signed with Ulster Bank. Photograph: Eric Luke / THE IRISH TIMES

Wexford accountant attempting to buy loans from US investor group Lone Star

Seán Quinn: His family family is claiming the loan securities used to seize the Quinn Group were not legally sound. Photograph: The Irish Times

Political factors not to influence Quinn talks with IBRC liquidators, according to source

John McCartin and Seán Quinn enjoying  a drink when Mr Quinn returned to his HQ. Mr McCartin is a non-executive director of Quinn Industrial Holdings. Photograph: Lorraine Teevan

John McCartin says he has not made up his mind yet

There was little by way of market news on the Dublin market yesterday though Ryanair fell 1.4 per cent, to €10.94

Exchequer returns show tax payments in first quarter 5.5% ahead of target

Christmas drinks: Seán Quinn, who emerged from bankruptcy in January, is back using his old Quinn Group office in Derrylin, Co Fermanagh. Photograph: Lorraine Teevan

Noonan aware of discussions between Quinn and liquidators

Michael Fingleton: The joint special liquidators of IBRC have said they intend to continue with the bank’s legal action against the former chief executive of Irish Nationwide

Bank has settled its action against former directors of the building society

Nobel Prize winner Robert Schiller says part of the reason for bubbles lies in the optimism that builds up during a period of well-founded growth. Photograph: Pascal Le Segretain/Getty Images

Cause of crisis lies as much in psychological phenomena as in bankers’ behaviour

The action by the special liquidators to the IBRC had alleged breach of contract, breach of fiduciary duty, and breach of duty of care against the members of Irish Nationwide’s  former board. Photograph: Alan Betson / The Irish Times

Resolution involves financial settlement being paid to corporation

Moderation in prices does not mark period of sustained decline, says Conall MacCoille

The Quinn family is taking a multibillion-euro suit against Irish Bank Resolution Corporation, now in liquidation, seeking damages arising from the bank’s seizure of the family’s assets

Report of talks at ‘advanced stage’ with Quinn family denied

Accountant Alan Hynes: the Chartered Accountants Ireland disciplinary tribunal found he encouraged people to invest in Tuskar Asset Management without properly explaining to them his interest in the project and that he would earn fees from it. Photograph: Eric Luke

Hynes failed to co-operate with liquidator and €3.1m in funds not fully accounted for

Accountant Alan Hynes: a disciplinary tribunal of Chartered Accountants Ireland found he had been in breach of codes of ethics and principles guiding the profession in relation to, among other matters, integrity, competence and truthfulness. Photograph: Eric Luke

Alan Hynes found to be involved in multiple breaches of codes of ethics and principles

 Multiple findings of professional misconduct have been made against Wexford accountant Alan Hynes by a disciplinary tribunal of Chartered Accountants Ireland. Photo: Eric Luke/The Irish Times

Tribunal found Wexford accountant had been in breach of codes of ethics

Developer Bernard McNamara (right):  Longboat Quay,  built by a company once owned by Mr McNamara, has  been found to have serious defects. Photograph: Frank Miller

Third parties may be pursued over major defects found in McNamara schemes

The Dublin Docklands Development Authority said the sale of a building in the Dublin docks to U2 in 2013 was at a fair market price. Photo: Reuters

Dublin Docklands Development Authority sold 18 Hanover Quay to U2 for €450K

HSBC has told the Dail Committee on Public Accounts that it will not be coming before it to discuss the bank’s apparent role in the facilitation of tax evasion through its Swiss branch. Photo: Reuters

Committee wanted to hear from bank in wake of the so-called Swiss Leaks disclosures

The hospital group recorded an exceptional gain during 2013 of €7.8 million arising from the decision to close the private hospital’s defined benefit pension scheme

Group made €3.2 million profit in 2013, up from €10.8 million loss in 2012

The MetLife  headquarters building  in New York. MetLife Inc is the biggest US life insurer. Photograph: Scott Eells/Bloomberg

Loans were issued to global real estate investment business Kennedy Wilson

A queue for jobseekers’ payments in Dublin. Irish output remains 4% below the pre-crisis peak, unemployment is high and unit labour-cost inflation remains negative. Photograph: Aidan Crawley

Sinn Féin cited as main risk to domestic recovery, says firm’s top European economist

Senior European economist with Goldman Sachs Kevin Daly said The likely make-up of the next government remained “highly uncertain”.

Top Goldman Sachs expert: Biggest risk in our view provided by political events in State

The Peugeot concept car Quartz at the Geneva International Motor Show. Car-makers led declines in European markets today, with Peugeot sliding 5.9 per cent. Photograph: Sandro Campardo/EPA

In Dublin, concern CRH purchase of Holcim-Lefarge assets might not happen

An artist’s impression of the Al-Wakrah stadium complex. Photograph: Getty Images

Sepam Qatar, criticised for its visa regime, is in a row with a food supplier

Khalifa Stadium in Doha which is undergoing complete renovation in preparation to host some of the matches for the 2022 World Cup in Qatar. Photograph: AFP/Getty Images

Firm founded by Gus Kearney in 1976 and is an engineering and construction business

Jim Mansfield jnr: considering trying to bring a case to the European Court of Human Rights alleging that he and his family were illegally deprived of €1.15 billion in assets. Photograph: Courts Collins

Irish authorities involved in ‘dark games’, according to late property developer’s son

Jim Mansfield jnr: lost his appeal against a €6.3 million judgment. Photograph: Collins

In the past 13 months he has experienced the death of his father – the Citywest developer – alleged security scares, and court app(...)

Mircosoft offices in Sandyford, Dublin: company is part of a “double Irish” structure involving Microsoft companies that are tax resident in Bermuda. Photograph: Jason Clarke Photography

Irish headquarters of company records$17.9bn ‘administrative expenses’ in 2014

Commissioner Niall Cody.Photograph: Eric Luke / The Irish Times

Revenue sought assistance to bring some of those named in leaked bank files before Irish courts

US Federal Reserve chairwoman Janet Yellen during a hearing of the house financial services committee on Capitol Hill today. Photograph: Brendan Smialowski/AFP/Getty Images

Glanbia results please markets after fifth consecutive year of double-digit growth

Christopher Keegan of Kaph on Drury Street said that 90 per cent of his customers  pay with cash. Picture Nick Bradshaw

New regime includes 50% increase in coin-handling charges

‘A number of countries (France, Belgium and Argentina) have decided to have a go at securing criminal prosecutions against HSBC Geneva on the back of the files stolen from the bank by a then employee in 2006 and 2007.’ Photograph:  Harold Cunningham/Getty Images

Opinion: ‘When the EU introduced the European Savings Directive in 2005, in an effort to clamp down on tax evasion by EU citizens,(...)

The amount of money linked to Ireland in the leaked HSBC files is inflated by the International Financial Services Centre in Dublin. Photograph: Bryan O’Brien

$3.5bn held in accounts linked to Republic, analysis of HSBC files finds

Belgian prosecutors said they may step up their part of a global investigation if their request for HSBC to volunteer information fails to yield results. Photograph: Harold Cunningham/Getty Images

Prosecutors may step up part in global inquiry if request for information fails to yield results

HSBC’s Swiss banking arm helped customers avoid taxes and hide millions of dollars,  a report has found. Photograph: Fabrice Coffrini/AFP/Getty Images

Governments worldwide found it increasingly difficult to justify not taking firmer action against tax evasion

HSBC is the focus of a number of US inquiries. Photograph: AFP/Getty Images

FTSE 100 list slides eight points as HSBC controversy takes toll

The  HSBC  logo seen on a branch in  Switzerland. Photograph: Gianluca Colla/Bloomberg

Retired Crumlin man John Hall also mentioned in leaked HSBC data

Galway economist had account with HSBC in Geneva after working abroad

Bank comes close to admitting its Swiss branch was used to facilitate tax evasion and money laundering, and says its deposits hav(...)

 HSBC Private Bank in Geneva, which held an account belonging to Tralee businessman John Cashell. Photograph: Fabrice Coffrini/AFP/Getty Images

Businessman John Cashell was worried that his account data would make it to Ireland

Aidan O’Brien: features in files given to the Revenue in 2010. Photograph: Lorraine O’Sullivan/©INPHO

Racehorse trainer says matter is now resolved and company fully tax-compliant

From 2009-2013, Switzerland paid €3.6m to Ireland in withholding tax

Former chairman of the Irish tax authority Josephine Feehily: the Revenue Commissioners has recovered €4.55 million since it received data in June 2010. Photograph: Eric Luke

Evidence was deemed insufficient for criminal charges against bank, says ex-tax chairman

David Hodgkinson became chair of AIB

Data on thousands of accounts were taken from Geneva-based bank

The bank’s management admitted that standards were not as they should have been in HSBC Geneva, but claiming that new management is working to improve the culture in the Swiss bank.

International clients include those involved in arms trade and blood diamonds

Adrian Daly, who set up Source Pensions in 2009. Photograph: Eric Luke

Firm was set up in 2009 by its principal shareholder and chief executive, Adrian Daly

Seán Dunne jnr leaving the Employment Appeals Tribunal in Dublin on Thursday. Photograph: Brenda Fitzsimons/The Irish Times

Employment tribunal hears Quinn jnr deny he was in possession of Blackberry phone

Seán Quinn jnr (35) claims he was unfairly dismissed by Quinn Insurance and is entitled to two year’s gross pay. The company disputes the claim. Photograph: Aidan Crawley

Employment Appeals Tribunal reserves judgment

 Sean Quinn junior told an employment appeals tribunal he was currently unemployed but “I believe I am close to recommencing.” Photo: PA Wire

Sean Quinn jr tells employment appeals tribunal he felt victimised

Abridged accounts for EJ King Bar Ltd, Clifden, Co Galway, show it had accumulated profits at the end of February last of €4.2 million, down from €4.5 million at the end of the previous financial year. Photograph: Joe O’Shaughnessy

Companies in EJ King group show varying fortunes

The Q-Park group of Irish companies is part of a Europe-wide business with more than 80,000 parking spaces owned by Q-Park NV, of the Netherlands, which is in turn owned by investors.

Pre-tax losses at Q-Park Ireland were €2.16 million, down from €8.16 million

The glass business in Co Fermanagh that was formally part of the Quinn Group has been sold to a Spanish glass concern for slightly more than €400 million.

Aventas confirms sale of glass business in Co Fermanagh to Spanish group Vidrala

Seán Quinn  said he had “no legal or beneficial interest in QBRC now, or any entitlement to one in the future. I am not employed by QBRC and/or any company or otherwise and my sole income remains my State pension.

Businessman says he has no legal interest in materials firm, and no entitlement to one

Students on UCD campus at Belfield: the university is one of Nationwide Controlled Parking Systems’s clients. Photograph: Frank Miller

Company’s clients include Dublin City Council, Irish Rail, Aldi and UCD

Aer Lingus’s shares closed at €2.42, a fall of 3.2 per cent, which put it among the largest losers on the day. Photograph: Alan Betson

Aer Lingus share price falls in Dublin after airline rejects takeover offer

Former Billionaire Sean Quinn emerges from his period of bankruptcy on Friday.

Former billionaire emerges from his period of bankruptcy this Friday

The UN secretary-general’s special envoy on climate change, Mary Robinson, who will deliver an address at the Dublin conference. Photograph: Dara Mac Dónaill/The Irish Times

Minister Charlie Flanagan to make call as part of Government’s drive to deepen economic recovery

Former billionaire Sean Quinn, who is due to emerge from a three-year term of bankruptcy later this week. Photograph: Dara Mac Dónaill / The Irish Times

Meeting due to be held in Cavan will resist €400m sale of Co Fermanagh plant

The Central Bank  has published a paper as part of a review of the Code of Conduct for Business Lending to SMEs. Photograph: Bryan O’Brien

Bank also wants banks to provide information on Government supports

Edouard Perrin: said there were about  20 people in the TV production company’s offices, including some trainees. “I told everyone to go to the third floor and to go to the roof, or to be ready to go to the roof.”

A French journalist in the same building as the magazine gives his account of the attack

Red FM: the company said listenership figures and  targets for the business were being met.

New investment made by shareholders said to be showing results

The American Apparel shop in Dublin. The chain’s founder and former chief executive, Dov Charney, was sacked last month for alleged misconduct. Photograph: Dara Mac Dónaill/The Irish Times

First profit recorded after retailer invests heavily in Irish business

Tighter loan-to-value ratios for house purchasers and better updating of house valuations for property tax purposes are among the measures cited in a new IMF report on how to dampen house-price cycles.

Fund says dampening housing boom-to-bust cycle should be done gradually

Just before Christmas Seán Quinn paid a visit to the group offices in Derrylin, Co Fermanagh. He is due to act as an adviser to the new owners.

Bondholders make their investment by way of Luxembourg subsidiaries

Ryanair announced that its load factor – the measure of seats used per flight – rose to 88 per cent in December from 81 per cent for the same month in 2013. Photograph: Chris Radburn/PA Wire

Irish airline one of the few shares to end the day’s trading in positive territory

‘The relentless complaining and accusation that people were being exposed to as candidates fought for support, drove the national mood into a slump.’ Photograph: David Sleator

One of the key drivers of Ireland’s economic crash was the support given to unwise politics

Lower oil prices and renewed uncertainty over Greece’s future dampen festive cheer. Photograph: Kostas Tsironis/Bloomberg

Traders in Dublin describe low-volume day as ‘one of the slowest’ of 2014

Josephine Feehily: is not impressed by businesses that have ‘fancy corporate social responsibility policies’ and don’t regard tax as part of that.

Interview: Outgoing Revenue Commissioners head is proud of her time leading the department

Crate of beer shared as former billionaire returns to former Quinn Group premises

The chairwoman of the public accounts committee in the UK, Margaret Hodge, has repeatedly attacked the way Google’s sales in Britain end up being taxed in Ireland

Think tank targets key aspects of Republic’s role in multinationals’ tax affairs

CRH chief executive Albert Manifold announced it is to dispose of its British and US clay brickwork business to US buyout firm Bain Capital

CRH announces plan to sell British and US clay brickwork business for €521m

Jean-Claude Juncker: said the deals disclosed in the reports were legal but agreed they resulted in “feeble” amounts of tax being paid by the corporations concerned

Luxembourg-based employee charged with theft and violation of trade secrets

The Blarney Woollen Mills outlet on Nassau Street, Dublin, which closed in 2010

Accounts filed by subsidiaries of Blarney Woollen Mills noted group had net liabilities of €10m at the end of January 2014

Bank of Ireland announced it had agreed to pay €253 million for a portfolio of performing residential mortgages from the special liquidators to Irish Bank Resolution Corporation

Iseq closes down 1.9% at 5,075.63 with Kenmare and Providence among losers

 EU Commission president Jean-Claude Juncker in an interview with French daily ‘Libération’,  said he had been “weakened” by the Lux leaks scandal. Photograph: Julien Warnand/EPA

Irish tax authority ‘will seek material’ from Luxembourg ‘if necessary’

Hutchison Whampoa Europe Investments Sarl provides finance to Hutchison 3G UK Holdings Ltd, owner of the 3 mobile network, which sponsors Ireland’s rugby team. Photograph: Dan Sheridan/Inpho

Hutchison Whampoa had profit of €429.6m but paid just €65,067 tax in Luxembourg

Skype negotiated a deal with the Luxumbourg tax authorities.

Luxumberg leaks show intellectual property arrangement let company deduct fee

Black & Decker has a number of Irish subsidiaries or branch operations with connections to Luxembourg

Ireland’s key role in tax and funding structures set up by Cayman Islands fund

Asylum seekers, refugees and supporters  march to the Deptartment of Justice  protesting about the system of direct provision. Photograph: Alan Betson

Some companies involved in direct provision make millions of euro in profits

 Charles Koch and his brother David, have been at the centre of political controversy in recent years for using their power to back Republican candidates.   Photograph:  John Chiasson/Liaison

US multinational cut tax through Invista subsidiary

Accountancy firm Ernst & Young (now EY) wrote to the Luxembourg tax authorities about the proposed international structure, and its tax aspects, in October 2010, according to leaked files.

Fund wanted to buy distressed debt in media and communications companies

European Commission president Jean-Claude Juncker: said the interaction of national and international tax law resulted in a level of taxation in Luxembourg “which doesn’t correspond to the notion of fiscal justice”. Photograph: Jock Fistick/Bloomberg

Leaks show Disney and Skype among firms that agreed tax deals with Luxembourg authorities

Amazon distribution centre: There is a groundswell of public anger about hugely profitable household names, such as Microsoft, Google, Facebook, Amazon, etc, managing to avoid tax while enjoying near-monopoly status in society.

One of the striking features of the Luxembourg disclosures is the existence of companies with billions of euro in assets but no e(...)

Housing in Mosney for asylum seekers. Accumulated profits for Mosney Irish Holidays’s last set of published accounts in 2009 were €5.4m. Photograph: Frank Miller

Property, catering and construction firms among major providers in profitable sector

The State pays firms about €50 million a year to provide bed and board for more than 4,000 asylum seekers. Housing in Mosney for asylum seekers (pictured). Photograph: Frank Miller/The Irish Times

Many firms in asylum accommodation have millions in accumulated profits

Moscow’s  Kutuzoff Tower, formerly owned by the Quinn family, is likely to go on sale next year

Moscow office block subject to bankruptcy process overseen by Russian courts

Brendan Halligan, chairman of the IIEA, Heinz Zourek, director general of Taxation and Customs Union at the European Commission, Josephine Feehily, chairwoman of the Revenue Commissioners, and Tom Arnold , director general of the IIEA, at the IIEA Corporate Taxation Conference. Photograph: Eric Luke

Analysis: As technology and speed reshape trade, old rules stop making sense

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