Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
IRELAND: Ryan McGrath at Cantor Fitzgerald looks at the news that Facebook
announced that they would non longer be booking non-US revenues from large
advertisers through Dublin.
- The point to be made here is not that this particular decision by Facebook
will have a significant impact on the amount a tax revenues. Indeed, RTE report
that Facebook only paid E30mln in Irish taxes last year. Ryan McGrath makes the
point "if the decision by Facebook is replicated by other major tech companies
who have their international headquarters in Ireland it could result in a
significant reduction in the corporation tax collected by the State." Adding
that changes in global taxation is a key risk for Irish spreads.
- The Bund-Irish spread is 1.0bp wider at 21.1bp today and underperforming other
parts of the semi-core.