Feeds

Accenture switches tax havens

Good news for Ireland

Next gen security for virtualised datacentres

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.