Tag Archives: Venture

Bank levy extended, Ulster Bank and KBC exempt

KBC Bank Ireland and Ulster Bank are exempt from the bank levy because they are exiting the Irish market The Government’s bank levy is to continue for another year, the Minister for Finance has announced in his budget speech. Introduced in 2013, initially for a period of three years, the idea of the levy was to ensure that the banks ...

Read More »

Tánaiste hints at supports for businesses in Budget

Leo Varadkar also indicated there may be supports for the aviation sectors announced (file image) The Tánaiste has hinted that the Government intends to extend a range of supports for businesses, including the wage support scheme, in tomorrow’s Budget. Speaking at the launch of Enterprise Ireland’s International Markets Week, Leo Varadkar also indicated there may be supports for the aviation ...

Read More »

Your Budget: ‘The Government often forgets about us’

Iqura Naseem is hoping the Government will provide more employment supports for people with disabilities With Budget 2022 just days away, many people will be hoping politicians haven’t forgotten about the issues impacting their lives. While the pandemic has overshadowed much of the conversation over the past 18 months, the problems of the past have far from disappeared. Ahead of ...

Read More »

Lower deficit forecast due to underspend and tax take

The White Paper’s publication on the weekend prior to the Budget is required under the Constitution A record amount of corporation tax and an underspend by some Government departments will deliver a much lower deficit in the public finances than forecast. A general Government deficit for this year of €13.2 billion is set out in the White Paper published last ...

Read More »

US job growth slows sharply in September

The Labor Department said in its closely watched employment report today that non-farm payrolls increased by 194,000 jobs last month US employment increased far less than expected in September amid a decline in government payrolls, but hiring could pick up in the months ahead as Covid-19 infections subside and people resume the search for work. The Labor Department said in ...

Read More »

Donohoe expecting revised corporation tax proposals

Paschal Donohoe said he had further engagement last night with the European Union and OECD Minister for Finance Paschal Donohoe has said he is expecting a revised agreement on proposals to change Ireland’s corporate tax rate today. He said he had further engagement last night with the European Union and OECD and that Cabinet will discuss the revised draft at ...

Read More »

Central Bank forecasts rebound in domestic economy

The Central Bank says domestic demand will grow by 5.5% this year and just over 7% next year A stronger than expected recovery is forecast to result in activity in the domestic economy returning to pre-pandemic levels this year, according to the Central Bank. In its Quarterly Bulletin, published today, the Central Bank also warns that in the short-term surging ...

Read More »

Phrase ‘at least’ removed from draft OECD tax deal

The OECD plan had stated that a global minimum tax rate of ‘at least’ 15% will be set. RTÉ News understands that the 15% minimum corporate tax rate in the revised draft of the Organisation for Economic Co-operation and Development’s (OECD) reform plan is “very firm”, according to a well-placed source. This means the phrase “at least” no longer applies ...

Read More »

Consumer spending helps lower deficit in September

On a twelve month rolling basis, the Exchequer deficit was €9.153 billion at the end of last month A strong recovery in consumer spending and higher than expected corporation tax helped push the deficit in the public finances lower in September. According to the Department of Finance, an Exchequer deficit of just over €6 billion was recorded to the end ...

Read More »

French tycoon Bernard Tapie dies aged 78

Bernard Tapie was the longtime chairman of the Olympique de Marseille football club French business magnate, actor and former politician Bernard Tapie, whose swagger and made-for-headlines career made him one of the country’s best-known celebrities, has died at the age of 78. He was diagnosed with stomach cancer four years ago. “Dominique Tapie and his family have the immense sadness ...

Read More »