Mairéad McGuinness MEP, who led the campaign for Irish customers of Equitable Life to be included in the UK government compensation scheme.  Photograph: Alan Betson / THE IRISH TIMES

Revenue rules that lump sum payments from UK government fund will be free of tax but annual payments and those to DC schemes will (...)

 Pictured (l-r) at the “When Women Thrive, Businesses Thrive” event organised by Mercer are; Martine Ferland, retirement leader for EuroPac at Mercer; Bríd Horan, of the 30% Club; and Mairéad O’Mahony, defined contribution leader at Mercer, Ireland. Photograph:  Conor McCabe Photography.

Call for new approach as research shows decades of efforts to achieve diversity has failed

Richard Pops, chief executive  of Alkermes in their Dublin offices. Photograph: Aidan Crawley

Company drops development of new pain therapy after missing targets in Phase 1 trial

“Whoever pays the cost of nursing home fees is entitled to claim tax relief, whether it is on their own account or for someone else.”

Q&A: Dominic Coyle

Opsona Therapeutics, a biopharma company spun out of Trinity College (above), is developing drugs designed to block a protein  in the body that works to reject foreign organisms. Photograph: Dara Mac Donaill

Dublin biopharma company embarks on series of cancer drug therapy trials

Shire acting chief financial officer Jeff Poulton said the company had obtained advice that the break fee should not be taxable in Ireland. Photograph: The Irish Times

Multinational may owe funds based on €1.44bn ‘break fee’ after failed takeover

Money earned from letting rooms in private homes on Airbnb and similar sites will be treated as trading income

Amendments to rent-a room relief clarify that short-term lets do not fall within the terms of the relief

Tánaiste Joan Burton announcing the composition of the new Pensions Council at Government Buildings. Photograph: Cyril Byrne

Just 50 per cent of workers currently have pension coverage other than the State pension

As long as the intention is that the loan is repaid as you outline, it will not, in itself, be deemed a gift

Lending son money to buy his home

Medtroni’s Omar Ishrak: Ireland will inevitably be a higher-profile part of the group by virtue of its domicile in the country. Photograph: Brendan McDermid/Reuters

Medical devices group is looking to Ireland for growth, says chief executive Omar Ishrak

Omar Ishrak, chief executive officer of Medtronic. Photographer: Chris Ratcliffe/Bloomberg

Medical device giant starts trading in New York after corporate inversion deal with Irish-based Covidien

Indian business leaders are the most confident, with 62 per cent expecting their companies to grow this year. Photograph: Reuters/Carlos Barria

Number of chief executives expecting decline in growth has more than doubled to 17%

Fountain Healthcare founders (from left) Dr Ena Prosser, Justin Lynch, Dr Manus Rogan and Aidan King. Photograph: Nick Bradshaw

Group targeting European investments in specialty pharma, biotech, medical devices and diagnostics

Deal awaits High Court sanction before completion to create global powerhouse in medical devices

Small Firms Association director Patricia Callan says “small firms have now moved from survival mode, to focusing on how they can grow their market share”.  Photograph: Dara Mac Dónaill

More than 70 per cent anticipate strong investment in their business

Profector’s patent-protected electrospraying and electrospinning technology is aimed at research scientists in academic institutions, life sciences companies and government agencies

Profector Life Sciences has scientific instruments business selling devices that allow researchers to deliver molecules to culture(...)

Venn Life Sciences said billings in November had hit a record high of more than €900,000.

Clinical research group has won contracts worth more than €8m since May

It is understood that the double deduction was linked to the department’s practice of making a double payment of welfare to recipients in the week beginning December 15th and no payment in the current week. Photograph: Bryan O’Brien

About 26,000 people affected by processing error at Department of Social Protection

The Dublin company has just completed the deployment of its technology across 850 devices at 289 beds across three new University of California medical centre units

Money raised will drive expansion of Dublin hospital tech company in the key north American market

Former Waterford Crystal workers and their representatives are due great credit for their persistence in the face of the indifference of successive governments to their plight. Photograph: Eric Luke

Analysis: persistence secured €178m package despite years of official indifference

Each parent can give their child €3,000 free of gift tax each year

Q&A: Gifts to under-sevens; the pension levy decrease; public service pension reduction (PSPR)

The Irish Times said it had decided to wind down and close the existing defined benefit scheme and replace it with a defined contribution model.

Company to meet gap in funding under proposal that will see staff move to defined contribution model

David McCann of Fyffes: calculating your capital gain when the shares you hold relate to a different corporate structure to the one in which you investedis not straightforward. Photographer: Dara Mac Dónaill/The Irish Times

Q&A: Dominic Coyle answers your questions

The law firm  says proposals to tighten rules governing gifts from parents to their adult children will prove unworkable in their current form.

Law firm believes proposed amendment would have unfair impact

Minister for Finance Michael Noonan has been the target of industry lobbying to tone down the measure. Photograph: David Sleator

Proposals to tighten rules in the Finance Bill designed to ‘counter current abuse’

 Michael Noonan: pressure to amend law governing gifts from parents to children. Photograph: Alan Betson / The Irish Times

Provision allowing family ‘digouts’ being abused, says Revenue

Bank of Ireland had the largest cash deficit (€841 million) at the end of 2013. Photo: Bloomberg

Bank of Ireland, Smurfit Kappa, Diageo, CIE and CRH had the largest pension deficits

“The lack of suitable studio space is an issue of great concern for the [film] industry,” said Ardmore Studios chief Siún Ní Raghallaigh. “Studios are essential enablers for the industry to scale.”

Ardmore Studios sees Ireland turning away international projects

Items such as a  contribution to wedding costs, or the care of children by grandparents, could have a tax implication.

Top law firm claims move could leave people forced to return to family home with exposure to tax bill

 Photographer: Simon Dawson/Bloomberg

Activity increases in civil engineering for the first time in seven years

Joe Papa CEO and president of Perrigo, which has announced it will acquire Belgium’s Omega Pharma in a €3.6 billion deal.  Photograph: Brenda Fitzsimons / THE IRISH TIMES

Irish-domiciled group’s acquisition of Elan seen as catalyst for expansion in Europe

In February, following the sale of its stake in Verizon, Vodafone paid more than €600 million back to its Irish investors. Photograph: Bloomberg

Measure means small shareholders will face no tax bill over recent windfall from telecoms group under €1,000

Last year, Minister for Finance Michael Noonan increased the “imputed or notional distribution of assets”. Photograph: Alan Betson

Plan ‘is to reduce the risk that owners will outlive their retirement funds’

 Rachael Ingle, chairperson Irish Association of Pension Funds: expressed wariness over the Government’s commitment to end the private sector pension levy as planned at the end of next year. Photograph: Alan Betson

Industry group warns against introduction of auto-enrolment or any U-turn on pension levy

 Rachael Ingle, chairwoman of the Irish Association of Pension Funds. Photograph: Alan Betson / THE IRISH TIMES

Pensions conference hears warnings over sustainability of funds

The year-long project following the savings habits of 8,000 people across the UK, shows that Northern Irish savers put aside just £1,653 towards their pensions last year.

Average pension pot would last just 3½ years

Minister says fund saved and created thousands of jobs in tourism sector

 John Flynn, chairman of the Irish Venture Capital Association. Photograph:   Colm Mahady / Fennells

Industry group calls for cut in capital gains tax to encourage entrepreneurs

Jerry Moriarty, chief executive of the Irish Association of Pension Funds: Government appears to have forgotten the voting strength of pensioners

IAPF says a pensioner on income of €10,000 per year would be paying a levy of €1,125

Clinical trials group continues to integrate acquisitions and eye new targets

A  Clearstream stent. Photograph: Eric Luke

Profit slips as Irish subsidiary of C R Bard accelerates investment in R&D

 Dr John Fox, chief executive, Merrion Pharmaceuticals. Photograph: Eric Luke / The Irish Times

Drug technology group takes €200,000 hit on Dublin premises it hopes to sell

Civitas is developing an inhaled form of the drug levadopa that is currently used by Parkinson’s patients in tablet form.

Alkermes spinoff also delivers dividend for drug technology group

 Pfizer has approached Actavis to express its interest in an acquisition that could allow the US drugmaker to move overseas and reduce taxes. Photo: Bloomberg

Acquisition could allow the US drugmaker to move overseas and reduce taxes

Merrion Pharmaceuticals chief executive John Fox. Photograph: Eric Luke

Elan spin-off re-emerges with impetus behind prospective therapy for breast cancer

Managing tax on gifts and inheritance

Amarin told the market the US Food and Drug Administration’s office of new drugs had denied its appeal of the decision to withdraw approval of its Anchor clinical trial, designed to expand its market for Vascepa by including patients with lower but still elevated levels of blood fats.

Regulator shuts door on plans to extend market for Vascepa

Inheritance tax is levied on the recipient of the inheritance and not on the estate

Graph points to upturn in art sales at RHA.

Sales jump 28% at annual exhibition after five-year slide in investor demand for new work

Students on UCD campus: The bottom line is that you will not be eligible for any tax relief in respect of the cost of college entry paid by you for your grandchild.   Photograph: Frank Miller

Successive governments have been unable to resist tapping the wallets of third-level students

Q&A: Dominic Coyle answers your personal finance questions

With an investment club you need to decide the rules before starting

Get the structure right, make sure it is watertight and that everyone buys into it

Coca-Cola already distributes the Monster brand in the United States and Canada. Photograph: Maxim Shemetov/Reuters

Soft drinks giant acquires 17% of firm in strategic partnership

The team from NUI Maynooth, who secured third place in the world citizenship cetegory at the world finals of the Microsoft Imagine Cup in Seatle for their AccessEarth app, which provides up-to-date, reliable data on the accessibility of buildings all over the world for those with impaired mobility: (from left): team mentor Donal McClean, Jack Gallagher, KC Grant and Matthew Mc Cann. Photograph: Jordan Stead

Team takes third place at Microsoft Imagine Cup in world citizenship category with app to help people with impaired mobility

Must we pay a broker to have our paper share certificates converted to electronic records?

Classic case of how the system works against the individual

The Black Hat hacker conference in Las Vegas last week, where speakers asserted their ability to tap into and manipulate everything from airport security systems to the lights in your hotel room. Photograph: Steve Marcus/Reuters

Billions spent in the security sector are failing to deliver as effectively as the underground hacker community

Pharmacy company Servier (Ireland) Ltd attributed its sales growth to increased production  and more  shipments to Bulgaria and Romania. Photograph:  PA Wire

Dún Laoghaire and Arklow-based subsidiary of French pharma company reports 36% profit growth

Overall, activity in the sector rose to 62.6 in July from 59.9 in June. Photograph: Chris Ratcliffe/Bloomberg

Demand for subcontractors, in particular, rose sharply

Dropping the drug was a major blow for Roche, which had seen it as a way to break into the cardiovascular market. Photograph: Getty Images

Turnaround largely due to increased production and a one-off charge

Jazz Pharma is based in Ireland following its $500 million acquisition of Azur Pharma in 2012

Revenue of $291.2 million, up almost 40 per cent year on year

Pensioner forced online for bank transaction

Am I foolish to move to online execution-only trading?

 Then chief executive of Baltimore Technologies Fran Rooney in 2000. Photograph: Pat Langan

The internet security business run by Fran Rooney was a constituent of FTSE 100

We recently cashed out all our Vodafone shares in the move to Verizon . . .

Dominic Coyle answers your personal finance questions

Average fund delivers return of 6.1% and is on track for another year of double-digit investment gain

Pat O’Mahony, chief executive, with Michael Hayes, chairman, at the launch of the Health Products Regulatory Authority. Photograph: Jason Clarke Photography

Authority rebrands to reflect rapidly expanding role

The small-gift exemption allows anyone to gift up to €3,000 in any tax year to anyone else

Covidien’s strengths in surgical equipment , vascular and ventilators will complement Medtronic’s existing product range. Photograph: Munshi Ahmed/Bloomberg

Proposed combination of medical device giants raises fresh concerns about ‘corporate inversion’

Minister for Social Protection Joan Burton and Pensions Ombudsman Paul Kenny at the launch of the ombudsman’s annual report in Dublin today. Photograph: Johnny Bambury/MQ Photo

Legal costs linked to growing number of appeals to court ‘a large drain on resources’

The Medtronic Inc headquarters building in Minneapolis, Minnesota, yesterday. Photographer: Ariana Lindquist/Bloomberg

Analysis: medical device giant’s acquisition of Covidien reflects move to fewer global companies offering range of solutions

A Medtronic worker assembles a device that is inserted into a pacemaker. Photograph: Munshi Ahmed/Bloomberg

Medical device giant to relocate HQ here in latest attempt at ‘inversion’ by US firm

Can I gift home to my child and still live there?

Aer Lingus has cancelled most of its flights scheduled for today.

A 24-hour stoppage to go ahead today affecting the travel plans of 30,000

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