There is “no possibility of individual special tax rate deals for companies,” the Department of Finance has said as Apple boss Tim Cook prepares for questions from a US senate panel.
Two big things happening around Leinster House today - the latest on the public sector pay talks and the ongoing controversy surrounding justice minister Alan Shatter, writes Pat Leahy.
Today was D-day for the Croke Park II renegotiations and it appears, a rabbit of sorts has been pulled out of the hat, writes Nicola Cooke.
Public Expenditure Minister Brendan Howlin has said that the public pay negotiations to agree a successor to the Croke Park agreement are “virtually ended”.
Technical colleges mustn’t lose sight of their role in educating young people to get work, said education minister Ruairi Quinn.
* Apple boss to tackle tax avoidance accusations. * Gilmore says Ireland is tax compliant. * Glanbia names Siobhan Talbot as new MD. * 1 million Vodafone Ireland customers have smartphones.
European Commission President Jose Barroso has said "whole piles of cash" are never collected in taxes in Europe.
Shannon Airport has appointed Neil Pakey, a former managing director of Liverpool's John Lennon Airport, as its new chief executive.
Here's a flavour of what global news organisations are saying about allegations that Apple used its Irish units to avoid paying billions of dollars in tax.
Ireland's tax system is "very transparent and very clear", Tanaiste Eamon Gilmore said today, following news that Apple has been accused of using its Irish business to avoid tax.
European share prices were mixed with some markets slipping slightly off their highs this morning amid mixed messages from the latest crop of corporate earnings.
Vodafone Ireland has reported a 29.2 per cent year-on-year increase in smartphone usage by its customers in the year to end-March.
UPDATE: Glanbia has named its group finance director Siobhan Talbot as the successor to managing director John Moloney, who wishes to retire by year-end.
Marks & Spencer said its annual profit fell 5.8 percent as consumers spent less on its fashion goods, even as food sales increased.
A team of scientists have used plant samples collected in the mid-19th century to identify the pathogen that caused Ireland's devastating potato famine, BBC News reported today.
"Although we expect market conditions to remain tough, we remain confident in our ability to deliver EPS growth for the financial year in line with expectations."
UPDATE: At least 91 people were killed, including 20 children, after a mile-wide tornado flattened an Oklahoma City suburb.
The top business stories from today's newspapers: Apple accused of avoiding tax via Irish subsidiaries; Ryanair shares soar; Royalty raises bid for Elan.
The main business events for the week of May 21st to 25th
The world’s most valuable technology company shifted billions in profits out of the U.S. into Ireland, where it negotiated a tax rate of less than 2 percent: report
The US Senate's report on Apple's tax avoidance arrangements focuses on Ireland as "a tax haven". Here are six takeaway points from the report, writes Adrian Weckler.
A new report from a US senate committee into Apple's tax arrangements suggests that the Irish government may have negotiated an extraordinarily low tax rate with Apple, writes Cliff Taylor.
UPDATE: Royalty Pharma is to increase its offer price for Irish-headquartered Elan to $12.50 per share in cash. Elan said it will assess the new bid.
Top local and international news on Monday: Ryanair's bumper profits, Royalty Pharma ups Elan's offer, Cliff Taylor on the multinational tax debate and Yahoo takes a Tumblr.
Over 220 acres of grass cuttings from the airfield at Dublin Airport is being made available to farmers free of charge, according to the Dublin Airport Authority (DAA).
London’s benchmark FTSE 100 Index closed at its highest level since September 2000 today as markets generally rose, with Dublin aided by a buoyant Ryanair.
Seven more horses that had been in the care of Sheikh Mohammed’s former trainer Mahmood Al Zarooni have tested positive for anabolic steroids, the British Horseracing Authority said.
Deposits in Irish banks decreased marginally by about €1.2 billion, or 0.8 per cent, month on month in April, according to the latest figures from Department of Finance.
Emily O' Reilly has been announced by the President of the European Parliament Martin Schulz as an official candidate in the European Ombudsman election.
Irish mortgage lending fell 26 per cent to €331 million in the first quarter compared to the same quarter in 2012, the Irish Banking Federation said today.
UPDATE: Yahoo is buying blogging network Tumblr for about $1.1 billion as chief executive Marissa Mayer seeks to lure users and advertisers with her priciest acquisition to date.
Elan has announced two acquisitions, a $200 million (€156 million) share buyback and plans to issue $800 million in debt.
UPDATE: Justice Minister Alan Shatter has told reporters that he has the “inconvenient habit of telling the truth” as he attempted to draw a line under the Mick Wallace mobile phone controversy.
Irish pharmaceutical group Warner Chilcott is to be acquired by New Jersey-based Actavis in a stock-for-stock transaction valued at approximately $8.5 billion.
Ryanair has said it is looking at bidding for some of Flybe's Gatwick slots.
A strong performance from Ryanair on foot of a 13 per rise in profits in the 2012 financial year drove the ISEQ index of Irish shares up by 1.5 per cent.
Ryanair boosts full-year profit by 13 per cent, Elan announces two acquisitions and Microsoft updates Xbox to fend off competition.
KBC Bank Ireland plans to offer a debit card service to its customers later this year as part of its move to become a full-service bank.
More than half, or 53 per cent, of small businesses have debtors of more than 90 days while 36 per cent expect that they will not be paid on time in relation to more than a quarter of sales, a new survey has shown.
Microsoft is revamping the Xbox to fend off a breed of competitors ranging from Apple to Facebook. Those companies were nowhere in gaming when the software maker launched its last version five years ago.
Shares in Aminex fell to their lowest level since 1992 after the exploration group said that 2013 had been "a complex and challenging period" for the company.
European Union leaders struggling to find a consensus on how to overcome the debt crisis and revive economic growth will use a summit meeting this week to focus on fighting tax evasion and on the bloc’s energy policy.
Ryanair has said its full-year net profit rose by 13 per cent to €569 million from €503 million last year.
Kenny backs Shatter as Wallace row intensifies, public pay bill savings may not hit 2013 target and price of "spuds" soars by 85 per cent.
The main business events scheduled for the week beginning Monday, May 20th.
An aspirational rebrand by the Dublin-based digital marketing agency formerly known as Cybercom ended last week after 18 months.
Vice magazine's bold approach has seen it grow into a publishing powerhouse - and managing director Matt Elek says its quest for world domination is far from over, writes Shane Hickey.
Telecoms firm Digiweb is lining up a number of European acquisitions in the next two years, after clearing all debts and recruiting investment bank Morgan Stanley as a shareholder.