Syndicated News

10 Oct

Multinationals hit with surprise tax on assets exiting State

Multinational companies (MNCs) moving assets offshore to another tax jurisdiction now face an exit tax of 12.5pc as a result of Budget 2019. The new measure, which took effect from midnight last night, will tax unrealised capital gains where companies migrate residence or transfer assets offshore. The “big surprise” from the Budget follows sweeping changes

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10 Oct

The key points from Budget 2019

The Finance Minister described it as a “caring” budget that will secure Ireland’s future. He spent some 75 minutes outlining the budget with spending plans amounting to 66.5 billion euro Here are some of the key points from Budget 2019: – Spending on health will increase by a billion euro which brings the total budget

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08 Oct

No SMEs have taken up shares deal: IPSA

A share option scheme for Irish SMEs launched as part of Budget 2018 has had no uptake and needs to be modified, according to an industry group that lobbied for it last year. The Key Employee Engagement Programme (Keep) is supposed to help small and medium enterprises (SMEs) hold on to talent by granting workers

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08 Oct

China shares weigh on regional markets despite Central Bank support

Shares in Asia slumped Monday as China’s markets stumbled in their first trading day after a one-week holiday even though Beijing’s Central Bank increased liquidity to offset the impact of an escalating trade dispute with the United States. European markets were also set to weaken, with financial spreadbetters expecting the FTSE to open 0.07pc lower,

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05 Oct

Comment: Economic data and sentiment are becoming detached

SMEs are the engine of the Irish economy. They make a major contribution to economic development and employment. Their performance is very closely linked with overall economic health, including to consumer sentiment – because people’s confidence in their own finances and purchasing ability influence the performance of SMEs. Businesses’ confidence is equally important; the more

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05 Oct

US Reit gets go-ahead for €400m Dublin data centre

A MAJOR stock market-listed US real estate investment trust, CyrusOne, has been granted planning permission for a massive €400m data centre in Dublin. It will be the Dallas-based company’s first data centre project in Ireland and will significantly boost its global data centre footprint. Nasdaq-listed CyrusOne, with a $6.6bn (€7.5bn) market capitalisation, currently has more

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03 Oct

Everything, including CAP, will be hit if there is a hard Brexit

Everything will be hit, including CAP, if there is a hard Brexit, RTE Europe Editor Tony Connelly told a recent Brexit conference. “The EU budget would be impacted and CAP would come under attack,” Mr Connelly said, adding though, that he was of the view that the Commission didn’t want a radically cut CAP budget

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03 Oct

Thousands left without welfare payments after system crash causes delay

A European payments system crash left thousands of people without vital payments. People who receive social-welfare payments, such as child benefit and farm assist, found there were no funds in their accounts yesterday morning. An industry-wide issue affected European payments across a number of banks. People whose payments were due to be paid into accounts

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