The Opening Bell: Google taxes face new questions, Dublin declared a 'City of the Future,' IMF calls for fresh stimulus

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Google's Irish tax payments are expected to come under fresh scrutiny after a British parliamentary committee found that the company's £130 million (€165 million) settlement with UK revenue authorities was "disproportionately small."

A large portion of the company's sales in the UK pass through the Irish office.

The British Public Accounts Committee (PAC) said its investigation into the sum - covering a ten-year period - had reinforced its concerns that the rules governing where corporation tax is paid by multinational companies "do not produce a fair outcome."

The company also faces an investigation in France, it has been reported that €1.6bn is being sought in back taxes there.


Dublin has been highlighted as a European 'City of the Future' by fDi, The Financial Times' magazine.

The Irish capital rose to third place out of 294 cities, behind only London and Paris.

The key criteria in the study were economic potential, labour environment, cost effectiveness, infrastructure and business friendliness.

All of the 10 ten cities are situated in either the UK or Western Europe.


A new survey has found that 62% of workers feel the Irish jobs market is improving.

However, the research also discovered that 36% of people feel that a new Government will not have an impact on job creation.

The research was conducted for the recruitment website, Irish jobs.

Just under two thousand seven hundred people were interviewed.

The survey also found that 55% of job seekers are confident they will find a job, with 31% confident they will get work within three months.


The International Monetary Fund (IMF) has called on G20 nations to organise a coordinated stimulus programme to avoid international economic stagnation.

"The G20 must plan now for coordinated demand support using available fiscal space to boost public investment," according to the IMF report.

In January, the Washington-based institution cut its forecast for global economic growth from 3.6% to 3.4% during 2016.