A hostage runs towards a police officer outside the Lindt cafe, where other hostages are being held, in Martin Place in central Sydney.  Photograph: Reuters 1:06

llllllllllNew South Wales Police has confirmed three people have been pronounced dead following the Sydney siege — a 34-year-old man, a 38-year-old wo(...)

J&J seeks in excess of $5 billion in damages and interest from Boston Scientific, a potentially massive judgment against a company that as of Tuesday had a market capitalisation of $17.8 billion

Nearly a decade after losing a bidding war for device maker Guidant to Boston Scientific Corp, Johnson & Johnson finally has a chance for payback (...)

The PwC office in Luxembourg: The leaked documents reviewed by ICIJ involve deals negotiated by PricewaterhouseCoopers, one of the world’s largest accounting firms, on behalf of hundreds of corporate clients.

Pepsi, IKEA, FedEx and 340 other international companies have secured secret deals from Luxembourg, allowing many of them to slash their global tax bi(...)

IDA chief Martin Shanahan’s interview by CNBC “Squawk Box” presenter Joe Kernan.

The New York Times has described the head of the IDA, who endured a bizarre interview on American business television channel CNBC, as an “unlikely vi(...)

A handout picture made available by the Australian Department of Defense shows two Royal Australian Air Force (RAAF) F/A-18F Super Hornet aircraft conducting a mid air refuelling from a RAAF KC-30A Multi-Role Tanker Transport en route to the Middle East Region.

Australian special forces troops will be deployed in Iraq to assist in the fight against Islamic State militants, prime minister Tony Abbott said toda(...)

US medical device maker Medtronic’s plan to move its tax base to Ireland may be in doubt under rules announced by the Obama administration yesterday.

Medtronic, the Minnesota-based medical device maker that’s planning to take an Irish tax address, may become one of the biggest losers under rules ann(...)

Mark Redmond: “The basic reason why we attract jobs is because US multinational operations in Ireland have a reputation for delivering on their mandate.”  Photograph: Nick Bradshaw

In the global tax game, Ireland is a mere pawn, powerless in the face of big corporations and their aggressive tax avoidance schemes. It’s no s(...)

Scottish first minister Alex Salmond: furious about the intervention of Australian prime minister Tony Abbott, who said it was “hard to see how the world would be helped by an independent Scotland”. Photograph: Andrew Milligan/PA Wire.

Nearly 700 years ago, Scottish nobles went to Arbroath to sign a letter in Latin that declared Scotland’s right to be an independent kingdom, rather t(...)

US Senator Carl Levin has introduced two bills aimed at preventing US firms from merging with a foreign company to avoid paying taxes. Photograph: Andrew Harrer/Bloomberg

Every loophole has its lover. That’s why, despite the furore that has erupted over American companies adopting foreign headquarters to reduce their(...)

GlaxoSmithKline said last week it had received “very significant” indicative bids from private equity companies. Photographer: Chris Ratcliffe/Bloomberg

Private equity groups are exploring a $10 billion (€7.4 billion) plan to buy hundreds of older drug brands from GlaxoSmithKline (GSK) and Sanofi and m(...)