Publications

Tax facts 2013

UCITS V: Steps for funds to ensure investor protection

RTÉ economic analysis for 2011

Tax facts 2013 This publication is a practical and easy to follow guide to the Irish tax system. It provides a summary of Irish tax rates as well as an outline of the main areas of Irish taxation. A list of PwC contacts is provided at the back of this guide should you require more detailed advice or assistance tailored to your specific needs.	June 2013
UK releases details outlining implementation of FATCA On 31 May 2013, HM Treasury and HMRC released the International Tax Compliance (United States of America) Regulations 2013 to implement the Agreement to Improve International Tax Compliance and to Implement FATCA and simultaneously released updated Guidance Note. This Newsbrief identifies key changes from the draft UK Regulations released in December and highlights relevant aspects of the associated Guidance Notes.	June 2013
Germany signs FATCA intergovernmental agreement with the US On 31 May 2013, the German Ministry of Finance, Bundesfinanzministerium (BMF), announced the release of the FATCA Intergovernmental Agreement between the Federal Republic of Germany and the United States (German-U.S. IGA) for implementing the broad ranging provisions of the Foreign Account Tax Compliance Act (“FATCA”). This Newsbrief provides an overview of the key elements of the German-U.S. IGA and how it compares to the Model 1 IGA.	June 2013
UCITS V: Steps for funds to ensure investor protection On 3 July 2012, the European Commission (EC) released a proposal for a UCITS V Directive amending Directive 2009/65/EC. The EC’s proposed amendments to the current UCITS rules are based on the experience from the financial crisis, so as to continue to ensure the safety of investors and the integrity of the market.	June 2013
RTÉ economic analysis for 2011 The report was commissioned form PwC by RTÉ in December 2012. The primary purpose of the report is to determine the contribution made by the broadcaster to the Irish economy in 2011. A secondary objective was to prepare a statistical profile of the broadcaster, to include its competitive environment and performance in the attainments of key public service objectives. It is estimated that RTÉ expenditure in the Irish economy in 2011: contributed approximately €384 million to the national output and supported approximately 3,550 full-time equivalent jobs across the economy.	May 2013
Ireland - Employment tax developments May 2013 A number of important Irish employment tax and PRSI developments for 2013 have featured in recently published guidance and proposed legislation. This bulletin sets out these changes along with our insights into their purpose and their effect on employers and employees.	May 2013
mHealth insights: Owning the disease While disruptive technologies, such as mobile health, have been lauded for their potential, the challenge many organisations face is going beyond a technology-based approach to one that is solution-based. To adapt, some of the more advanced medical technology companies are converting to a convergent care model that allows them to provide solutions along the continuum of care. This approach is called 'owning the disease'. In this publication we discuss what we mean by 'owning the disease', how 'owning the disease' brings together stakeholders as part of a healthcare ecosystem, the four themes that dominate the 'owning the disease' landscapes and challenges facing the industry, and tips for driving data innovation..	May 2013
Central Bank of Ireland announces that it is open for AIFMD authorisations	May 2013
An Irish and European perspective on corporate governance	May 2013
PwC Reward trends snapshot survey 2013 PwC’s Reward trends snapshot survey 2013 is based on data provided by 145 organisations from across a range of industry sectors including banking, insurance, fast moving consumer goods, pharmaceutical & medical devices, technology, retail, construction and the public sector.	May 2013
Making the most of our natural resources: Oil and gas exploration in Ireland PwC's new report on Ireland oil and gas exploration prepared for Providence Resources reveals: Ireland oil and gas has the potential to transform local and national economies, but critical mass of activity is needed Notwithstanding this, Ireland is already deriving some economic advantage A more transparent and steamlined regulatory and planning process is needed The production of a Government led long-term vision and strategy is needed	May 2013
PwC Global and Irish insurance research: Coming to grips with market transformation PwC's latest insurance report 'Coming to grips with market transformation' outlines the key challenges and opportunities in the Irish and international market. It also highlights the results of PwC's Irish research amongst the international insurance players in Ireland reporting that the majority are positive on growth prospects despite facing certain challenges.	May 2013
Irish Revenue release draft regulations and guidance regarding the implementation of FATCA in Ireland	May 2013
Are you SEPA smart? A step by step guide on getting your business ready for a Single Euro Payments Area (SEPA). The Single Euro Payments Area (or SEPA for short) is a European Union regulation that will simplify financial transactions and make doing business easier. It will apply across 32 European countries, including Ireland, and will make it easier for you to transfer or receive funds. SEPA will impact all organisations which make EURO denominated electronic payments and in particular, those which collect payments via Direct Debit. Banks have started their SEPA migration journey and it is expected that Business Customers will have completed their transition by the EU regulatory deadline of 1st February 2014.	April 2013
Legal challenge to the EU FTT – what happens now? This alert relates to a legal challenge by the UK to a proposed EU Financial Transaction Tax.	April 2013
New multilateral action to combat tax evasion The UK Government has announced an agreement with France, Germany, Italy and Spain to develop multilateral tax information exchange agreements. The agreements are a natural evolution from the reciprocal exchange of tax information under FATCA, but offer new momentum in the drive to tackle international tax evasion.	April 2013
Finance Act 2013	April 2013
Charity investment update - 31 March 2012	April 2013
DB Pensions update - Q1 2013	April 2013
DC Pensions update - Q1 2013	April 2013
Ireland - Immigration changes set to bridge skills gaps	April 2013
Regulatory times Welcome to the most recent edition of our PwC Ireland asset management regulatory newsletter 'Regulatory Times'. It covers both local and international regulatory topics affecting the Irish funds industry.	April 2013
Insurance: Have you assessed your compliance? The Central Bank of Ireland (CBI) has released its programme of themed reviews and inspections, and its enforcement priorities for 2013. The FS Regulatory Advisory Services team have created 3 industry-specific flyers for Banking, Insurance and Asset Management which detail the key themed inspections and enforcement priorities that impact them and have highlighted how PwC can support firms to evaluate or improve their compliance with each.	April 2013
Asset management: Have you assessed your compliance? The Central Bank of Ireland (CBI) has released its programme of themed reviews and inspections, and its enforcement priorities for 2013. The FS Regulatory Advisory Services team have created 3 industry-specific flyers for Banking, Insurance and Asset Management which detail the key themed inspections and enforcement priorities that impact them and have highlighted how PwC can support firms to evaluate or improve their compliance with each.	April 2013
Banking: Have you assessed your compliance? The Central Bank of Ireland (CBI) has released its programme of themed reviews and inspections, and its enforcement priorities for 2013. The FS Regulatory Advisory Services team have created 3 industry-specific flyers for Banking, Insurance and Asset Management which detail the key themed inspections and enforcement priorities that impact them and have highlighted how PwC can support firms to evaluate or improve their compliance with each.	April 2013
Hourglass magazine issue 27: Making the most of your people Hourglass 27 examines the challenges that a more widely-spread, globalised workforce brings to HR. We outline some of the core aims of a worldwide HR team and bring insights into the right people strategy and the right solutions for a truly mobile, efficient workforce.	March 2013
AIFMD - ESMA Guidelines finalised: Final report published on Guidelines on sound remuneration policies under the AIFMD The European Parliament's Economic and Monetary Affairs Committee (ECON) voted on 21 March 2013 to cap fund managers' bonuses at 100% of salary, similar to the rules on bankers' pay which were passed in recent weeks by the EU as part of the CRD IV.If passed unchanged, the proposed amendments would result in remuneration regulations under UCITS V that are more onerous than those under AIFMD, CRD III and CRD IV and would result in asset management businesses managing UCITS products facing even tougher rules than the banking sector. These considerations, including the lack of flexibility to increase variable awards and the expanded definition of Identified staff together with other remuneration requirements are summarised in further detail in the attached bulletin.	March 2013
Global mining deals 2012 and 2013 outlook Global mining deals is PwC's annual analysis of M&A activity in the mining sector.	March 2013
Tax issues for service companies in the Irish oil and gas sector	March 2013
Impact of EU Financial Transaction Tax on the asset management industry	March 2013
Investing in Ireland: Issue 15 Included in this issue are updates on Ireland’s path towards exiting the EU/IMF bailout programme and returning to international markets, Ireland’s Presidency of the European Union and landmark EU trade agreement developments being negotiated. This edition also summarises some of the significant FDI announcements since October 2012, a look back at FDI in Ireland for 2012, and an update on Ireland’s vibrant aircraft leasing and technology sectors.	March 2013
Internationally mobile employees: Taxation issues & related matters for employers and employees 2013 International assignees who accept an overseas posting to Ireland inevitably face important decisions concerning their financial affairs. Relocation is fraught with a myriad of difficulties and clear advice on the taxation consequences and financial issues, relating to both the home country and Ireland, can be of benefit in ensuring a smooth transfer. This guide offers such assistance and it will be of relevance to individuals who are about to move to Ireland or those who contemplate such a move, whether short-term or long-term. This guide will also be informative for employers of individuals coming to work in Ireland.	March 2013

PwC Global and Irish insurance research: Coming to grips with market transformation PwC's latest insurance report 'Coming to grips with market transformation' outlines the key challenges and opportunities in the Irish and international market. It also highlights the results of PwC's Irish research amongst the international insurance players in Ireland reporting that the majority are positive on growth prospects despite facing certain challenges.	May 2013
PwC family business survey 2012 The PwC Global and Irish family business survey is carried out every two years. This year we surveyed 1,952 family business executives in more than 30 countries worldwide including 100 participants in Ireland. It reviews the emerging trends for this important sector in our community and compares performance against their global counterparts as well as highlighting aspirations for the future in an ever changing world.	November 2012
Global supply chain survey 2013: Next-generation supply chains - Efficient, fast and tailored This year’s global supply chain survey by PwC shows how Leaders are moving ahead of the pack. They’re tailoring their supply chains to customer needs and investing in next-generation capabilities while keeping the focus on supply chains that are both fast and efficient.	September 2012
Finance effectiveness study 2012: Putting your business on the front foot This is PwC’s fourth annual benchmark report on the effectiveness of the finance function and outlines the latest findings of our benchmark analysis of more than 200 participating companies. In this report we examine the new demands facing finance functions, especially in relation to data and talent and why some finance teams perform more effectively than others. The finance functions that rate the highest across the areas of insight, efficiency and control tend to run at 40% lower cost than median companies, reflecting both the efficiency of their operations and their success in helping to stimulate business growth. The key differentiator is that they’ve been able to make their investment in people, systems and new operating structures really count.	August 2012
Change is the name of the game: PwC 2012 CEO Pulse Survey Some improvement in business confidence with many expecting profits and revenues to grow, while a fifth of Irish business leaders still feeling unfavourable about the future outlook for Ireland's economy. This is the key finding from PwC 2012 CEO Pulse Survey having approximately 200 CEO participants. The survey also confirms that 93% of MNC CEOs rate their investment in Ireland's economy as a success with a third considering increasing this investment. 40% of all respondents plan to grow employment with a further 40% planning to hold their employment levels. Talent constraints are a challenge with a quarter saying this has impacted business performance in the last year. Costs are still a major area for change.	May 2012
The shape of power to come: 12th PwC annual global power & utilities survey The PwC annual global power & utilities survey goes to the heart of boardroom thinking in utility companies across the globe. In this, our 12th edition, we have talked to 72 senior power and utility company executives in 43 different countries around the world.	May 2012