Fine Gael Finance Minister Paschal Donohoe has said that Ireland’s corporate tax revenue will begin to decline after 2023. Speaking on Thursday to RTÉ radio, the Minister said Ireland would “lose money” on the new OECD arrangement, whereby Ireland’s famous 12.5% corporation tax would be raised to 15%. “If you look at where we are […]
Most IPO funding since 2007
Friendly fire.
The vice-president of the European Central Bank has said that the record levels of inflation that the Euro is currently experiencing are “not as temporary” as previously believed. Luis de Guindos, who was previously Spain’s economy Minister, has said that the inflation Europe’s currency is feeling may last longer than the ECB had expected. Eurozone […]
Here are the cold facts: Government policy forced Eddie Rockets to close. Government policy forced it to lay off staff. Even when Government policy allowed it to re-open, Government messaging continued to scare customers away.
Mateusz Morawiecki, the Prime Minister of Poland, writes on the need for European countries to build strong national economies.
It is genuinely remarkable how quickly Ireland, and Irish politicians, and, most importantly, Irish voters, have forgotten what happened to the country in 2008.
Rewarding one group in this fashion was always going to be seen as providing an insult to other groups. Add to that that many private sector workers and business owners suffered greatly during the pandemic, suffering financial losses for “the cause”, and what you have is not a recipe for votes, but yet another political mess for the Government, entirely of its own making.
There’s also this to consider: If the 12.5% rate is not, as he claims, of vital importance to attracting multinational investment to Ireland, why haven’t we raised it to 15% ourselves, voluntarily, years ago?
If you earn €34,302 in Ireland, then every single extra euro you earn after that will be taxed at a marginal rate of 52%. Once you earn that much, the Government feels entitled to take more than half of every extra euro you earn. In the UK, a person earning £34,302stg would pay an income […]
If you’re in your late thirties, like me, then you are just about old enough to remember the evils of inflation, and the problems it wrought on the Irish economy in the late 1980s and early 1990s. As the value of money decreased, prices went up. As prices went up, the Government tried to make […]
On July 27th, just two weeks ago, the Irish Times reported that the hospitality sector, which is in the process of re-opening its doors to customers, is facing an “acute labour shortage”: Indoor service in restaurants and pubs resumed on Monday after months of closure because of Covid-19 restrictions. Industry participants said the availability of […]