The loss to Ireland of just one of the bigger multinationals would leave the State nursing a €276m tax shortfall, according to the Government’s budget watchdog. The Irish Fiscal Advisory Council’s (IFAC) Fiscal Assessment Report for June 2018, published today, includes an illustration of the vulnerability of the tax system. In a modelled example, researchers […]

Social Protection Minister Regina Doherty has indicated she’s prepared to examine cutting child benefit for higher earners to pay for childcare for all. The minister will get her officials to look at households earning more than €100,000 that are also getting child benefit. Ms Doherty was responding to proposals she shift part of the €2bn […]

Irish consumers are planning to spend more but they remain cautious. The move to loosen household purse-strings comes as consumer sentiment rose in May despite uncertainty about the general economic outlook, including the evolving political crisis in Italy. The KBC Bank Ireland/ESRI consumer sentiment index increased to 106.7 in May from 104 in April, reversing […]

The European Union will target consumer, agricultural and steel products made in many key Republican constituencies when it imposes tariffs against US imports in retaliation for punitive duties US President Donald Trump announced yesterday. The Trump administration’s tariffs on imports from key allies sent US and European stocks into a tailspin and stoked demand for […]

A new London-based angel investment syndicate is to invest €3m in Irish start-ups over the next three years. HBAN’s London syndicate supports the creation of an international network with an affinity to Ireland. Up to six ambitious Irish companies with eyes for international expansion will see investment from the syndicate over the next 12 months. […]