Feeds

Accenture switches tax havens

Good news for Ireland

Top three mobile application threats

Accenture, the outsourcing giant, is switching its accounting base from Bermuda to Ireland, amid growing policial hostility towards tax havens and tax avoidance.

Announcing the move on Tuesday, Accenture said it does not expect any impact on its financial results or tax treatment.

Accenture chairman William Green said: "A member of the European Union, Ireland offers a sophisticated, well-developed corporate, legal and regulatory environment.

"It also has a long history of international investment and long-established commercial relationships, trade agreements and tax treaties with European Union member states, the United States and other countries around the world where Accenture does business."

The Obama administration is set to bring in laws to clamp down on avoidance, which is prompting many large firms to look to sympathetic tax regimes in Europe. In its regulatory filing, Accenture said the new laws had in part motivated its flight from Bermuda.

Unlike Bermuda, Ireland has tax treaties with the US, which Accenture believes will bring it "economic benefits" as the new rules bite.

Ireland, which has long sought to attract technology firms with tax breaks, is expected to benefit from the US clampdown, along with Switzerland. ®

3 Big data security analytics techniques

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.