Companies take €10bn hit after US announces tax rule change

Junior Finance Minister Simon Harris signalled to the Irish Independent that Ireland had nothing to fear from the move by the US Treasury, which will, in theory, make inversions more difficult to do and less rewarding. In an inversion, a […]

Budget 2015: Nevin Institute calls for €800m in cuts and taxes

And the Government should use the record-low borrowing costs to fund a large-scale public investment programme focused on areas like social housing, education and high-speed broadband infrastructure, the Nevin Economic Research Institute (NERI) has said. In its latest economic commentary, […]

Further signs the economic recovery in the Eurozone is stuttering

New orders rose just fractionally, with the rate of increase waning for the third successive month. And employment was largely unchanged once again as companies held back from hiring staff because of weak sales growth, according to the flash Purchasing […]

US in attack on our low tax rates for global firms

President Barack OBama last night pledged that the new steps will discourage big firms from pursuing corporate tax-avoidance deals known as “inversions”. He aims to reduce the economic benefits of tax inversions, which involve US companies ataking advantage of lower […]

Irish banks may not need extra capital after tests, says Moody’s

The ratings giant said that with growth accelerating, Ireland’s debt position will improve and debt-to-GDP ratio will fall back to 110pc this year. “The banking system is likely to need very little if any new financial support from the government […]

Israel gives Intel 5pc corporation tax rate and state-aid for chip facility

The move comes as Intel, which employs 5,000 people in Leixlip and up to 5,000 additional construction workers at present, anticipates the completion of a €3.6bn upgrade to its Irish manufacturing site. Last month, the company revealed that it will […]

Workers can expect double income tax cut in Budget

It is expected workers will be able to earn more before they enter the top rate of tax, combined with a reduction to the flat rate. Government sources from across the Coalition confirmed to the Irish Independent last night that […]

Irish investors clean up on Alibaba public listing

Davy Private Client are understood to have put together a group of investors who invested about €20m in funds managed by private equity firm Silver Lake Partners. Silver Lake was one of the biggest supporters of Alibaba, pumping about $825m […]

Bank of Ireland looks to ramp up agri sector loans

The firm said it is hiring 15 specialists in the area as it looks for more customers in the agri space. The bank claims to provide more than half of all new and increased agri lending with land acquisition, farm […]

‘Economy will grow by 4.5pc this year’ – Michael Noonan

It comes as the Central Statistics Office (CSO) said the economy grew by 1.5pc between April and June. And when you compare the April and June period of this year, the second quarter, with the same period in 2013, the […]

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