Welcoming the Base Erosion and Profit Shifting (Beps) report, Mr Noonan said the OECD proposals would “play to Ireland’s advantage”, despite fears it could provoke a flight of multinationals. Photograph: Getty Images

The Government has warned the European Union not to attempt to go beyond plans published on Monday that seek to lay down new global rules on taxing mu(...)

Safeguarding the recovery

The Government last April set out the broad outline of the 2016 budget in its spring economic statement, promising expansionary measures, while settin(...)

Minister for Finance Michael Noonan. File photograph: Eric Luke/The Irish Times

Ministers are being told to rein in their spending demands as the inner Cabinet pushes back on pressure to provide more money for the 2016 budget. M(...)

Angel Gurria, secretary-general of the Organisation for Economic Cooperation and Development (OECD). Photograph:  Reuters/François Lenoir

The Organisation for Economic Cooperation and Development said unemployment in its member countries is only slowly declining and remains well above it(...)

Walk on by: Snowmen representing countries worldwide during an exhibition from the NGO, action/2015, on the sideline of the 45th Annual Meeting of the World Economic Forum in Davos, Switzerland. Photograph: EPA

The European Central Bank is expected to announce today that it will spend billions buying the debt of euro zone member states in order to kickstart t(...)

Germany – and not Britain –  is the main destination for EU citizens moving from one member state to another, according to a report just published by the OECD. Photograph:  Lynne Cameron/PA Wire

Eastern Europeans form 1 per cent of the United Kingdom’s population and are better educated than locals, but the majority of European Union citizens (...)

US president Barack Obama arriving in Brisbane, Australia, on Saturday for the G20 summit. Photograph: Reuters/Kevin Lamarque

The G20 summit in Brisbane has ended with world leaders committing to open up their economies to generate extra growth of more than 2 per cent by (...)

Ministers for finance in Berlin yesterday at the signing of the international agreement on automated exchange of tax data. Photograph: Wolfgang Kumm/EPA

Minister for Finance Michael Noonan has said a new global agreement compelling banks to exchange information on foreign customers will strike an impor(...)

A warning from the OECD
  • Economy
  • September 18, 2014, 12:43

The discreet message from the Organisation for Economic Co-operation and Development (OECD) in its report on the reform of international business tax (...)

Fergal O’Brien of Ibec said the Government needed “nothing like” an adjustment of €2 billion. Photograph: Eric Luke

Ireland will narrowly miss its budget deficit target for 2015 even with a planned €2 billion adjustment in the next budget, the Organisation for Econo(...)