Opening Bell: France gets tough on tax, Vodafone announces IRFU deal, Irish employers need more skilled workers

Get up to speed with today's breaking Irish and international business news

French finance minister, Michel Sapin has warned that the country will do all that it can to ensure that multinationals operating in France pay their full tax bills.

His comments come after recent raids on Google and McDonald’s offices in France.

The minister has ruled out negotiating a deal with Google if it is found to owe back-taxes.

The investigation has focused on taxes on Google’s activities in France being paid by its European headquarters in Dublin.

Google says that it complies fully with French tax law - and McDonald’s issued a statement saying that it is one of France’s top taxpayers.


Vodafone has been announced as the new main sponsor of the Irish rugby team.

It will replace its telecom rivals Three. The deal is reported to be worth €50m.

The IRFU will reveal a new jersey today, with the new shirt sponsor - you can watch the unveiling live on


Former ESRI chief and current member of the Central Bank governing commission - John Fitzgerald - has warned that Ireland could be trying too hard to convince financial companies to move here if the UK votes to leave the EU.

He says we should not be courting firms who will not provide real benefits to the Irish economy.

He fears that many companies being targeted by the IDA may not create jobs or make significant tax contributions in Ireland.

In response, the IDA has said that it stays away from risky investments, and that it is working with the Central Bank and Department of Finance to provide the best returns for the Irish economy.


A poll of 600 leading economists commissioned by The Observer has found that 88% believe that there will be a long term fall in the UK’s GDP if it leaves the EU.

The study also found that 82% believe that Britain's average household income will drop if it decides to leave.

The majority said that an exit would have an immediate negative impact on the British economy, and only 4% believe that a Brexit would have a positive long term effect.


44% of Irish exporters have said that they struggle to find skilled workers.

Half of the companies surveyed by Irish Exporters' Association have taken on new employees in 2016 - but they say it’s getting harder to find the right staff.

The research showed that a Britain possibly leaving the EU is a major concern for Irish businesses.

However - 73% of companies are not hedging against a Sterling currency shock if the UK decides to go.