Business News

Views sought on EU multinational tax reporting law

20th December 2021

The Government is seeking views from interested parties on a new EU law intended to make multinationals disclose their tax payments and activities in each member state. Ireland had opposed the so-called country-by-country reporting proposal at an EU level which would force multinationals with revenue over €750m to be more transparent about their tax activities. […]

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Health insurance: Why you should review before you renew

20th December 2021

Most of us shop around for the best deal on our car insurance, but when it comes to health insurance we’re not so quick to switch. Changing provider or plan isn’t an easy job, but it is well worth setting aside some time each year to review your options. With almost one million people due […]

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NPHET in new recommendations amid Omicron concern

17th December 2021

The Cabinet is expected to meet today to consider the latest advice from the National Public Health Emergency Team (NPHET) in response to the rise of the Omicron variant of coronavirus. NPHET has expressed “exceptional concern” about the impact of Covid-19 and the new variant in its latest advice to Government. The National Public Health […]

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Irish consumers could pay extra €170m in customs duty due to Brexit

17th December 2021

Irish consumers could pay as much as €170m in additional customs duty this year as a consequence of Brexit, an analysis suggests. Figures to the end of November show that €465m in customs receipts were recorded by the exchequer. Based on the trend in recent months and the increased consumer spending in the run into […]

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Profitable firms should refund wage subsidies – Tánaiste

17th December 2021

The Tánaiste has told the Dáil that profitable companies “should refund the money they received under the employment wage subsidy scheme”. Taking Leaders’ Questions, Leo Varadkar said that if a company “could pay their shareholders dividends, but they didn’t really need the wage subsidy money, well, I think that money should be repaid.” He was […]

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ECB set to dial back stimulus one more notch

16th December 2021

The European Central Bank is all but certain to dial back its stimulus one more notch today while pledging to keep supporting the financial system next year, sticking to its long-held view that alarmingly high inflation will abate on its own. With the euro zone’s economy now back to its pre-pandemic size, pressure is mounting […]

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ESRI predicts economy will grow by 14% this year

16th December 2021

Growth in the economy this year will be “robust” and “unprecedented”, according to the Economic and Social Research Institute. In its latest quarterly economic commentary, the ESRI predicts the economy will grow by almost 14% this year and 7% next year. Inflation, however, is expected to be higher peaking at 6% early next year. The […]

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ESRI predicts economy will grow by 14% this year

16th December 2021

Growth in the economy this year will be “robust” and “unprecedented”, according to the Economic and Social Research Institute. In its latest quarterly economic commentary, the ESRI predicts the economy will grow by almost 14% this year and 7% next year. Inflation, however, is expected to be higher peaking at 6% early next year. The […]

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Annual property prices jump by 13.5% in October – CSO

16th December 2021

Property prices in October rose by 13.5% on an annual basis to mark the fastest annual pace of growth in over six years, according to the latest figures from the Central Statistics Office. This is an increase on the 12.5% rate recorded in September. Today’s figures show that prices in Dublin rose by 12.3% while […]

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Annual property prices jump by 13.5% in October – CSO

16th December 2021

Property prices in October rose by 13.5% on an annual basis to mark the fastest annual pace of growth in over six years, according to the latest figures from the Central Statistics Office. This is an increase on the 12.5% rate recorded in September. Today’s figures show that prices in Dublin rose by 12.3% while […]

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