In Ireland, Pfizer will post-merger pay a  12.5 per cent tax rate on any international income routed through the new Dublin operation. Photograph: Brendan McDermid/Reuters

Ireland’s exchequer is in line for an annual boost of up to €620 million following the announcement that Pfizer is buying rival Allergan in a $160 bil(...)

Jack Lew: The latest efforts by the US treasury secretary   to clamp down on inversions are irrelevant for the Pfizer deal, which meets previous thresholds laid down by his department for inversions.   Photograph: Simon Dawson/Bloomberg

The spluttering from Washington can be heard clearly across the Atlantic. The trouble is that the more it squares up on inversions, the more the Unite(...)

The rules were unveiled as Pfizer looks to acquire Dublin-based Allergan in a €141 billion deal that would be the biggest corporate inversion to date and lead to the New York-based firm availing of Ireland’s lower 12.5 per cent corporate tax rate. Photograph: Tom Bergin/Reuters

The US treasury has clamped down again on so-called corporate inversions in an attempt to stop American companies switching their on-paper headquart(...)

A $150 billion proposed deal, still under negotiation, would see New York-based Pfizer redomicile in Ireland

The US Treasury Department on Thursday took steps to clamp down on tax-avoiding “inversion” deals with new rules, though there was scarce evidence the(...)

Pfizer’s plant at Newbridge, Co Kildare Photograph: Reuters

Pfizer is in advanced talks to buy Irish-based Allergan for as much as $380 (€353) per share, valuing the Botox maker at as much as $150 billion - if (...)

Japanese prime minister Shinzo Abe

Japan slipped into its fourth technical recession in five years between July and September - spotlighting how the government’s “Abenomics” policies h(...)

IMF managing director Christine Lagarde delivers a speech during the IMF/World Bank annual meetings in Lima. Photograph: Ernesto Benavides/AFP/Getty Images

The world’s leading finance ministers agreed on Friday to change the rules on taxing profits, and warned multinational companies they could no long(...)

IMF managing director Christine Lagarde gestures next to EU economic affairs commissioner Pierre Moscovici, as finance ministers and central bank governors gather for a group photo during the G20 meeting  in Ankara. Photograph: Adem Altan/AFP/Getty Images

Finance ministers from the G20 nations have insisted the global economy has nothing to fear from a China slowdown as they tried to dispel the pall (...)

Angela Merkel: her Bavarian allies, the Christian Social Union, said the proposals contained little different previous proposals. Photograph:  Elvis Barukcic/AFP/Getty Images

The German government has adopted a characteristically cautious response to new Greek reform proposals, warning that it won’t ask for a Bundestag man(...)

Greece prime minister Alexis Tsipras is seen on Thursday before he submitted a bailout plan to the country’s creditors.  Photograph: Bloomberg 1:28

Greek prime minister Alexis Tsipras appealed to his party’s deputies on Friday to back a tough reform package after abruptly offering last-minute conc(...)