Categorized as: Syndicated News

How EU’s budget rules sparked showdown with Italy

For nations of the eurozone, the annual budget process isn’t over when a budget is drawn up.

The European Commission also gets a say. In Italy’s case, the response from Brussels took less than three days. In a letter to the Italian government, the EU leadership said the draft included an unprecedented “deviation” and it demanded an explanation.

With no evidence that Italy is willing to reconsider its plans to …

Guide to Pay & File

You could face stiff penalties over money earned on the side, or from Airbnb, unless you pay tax owed on those earnings in time, writes Louise McBride This year’s tax return deadline is fast approaching – and if you’re one of those who thinks that tax returns have absolutely nothing to do with you, check that this is truly the case. Many people don’t realise they have to file a …

Guide to Pay & File

You could face stiff penalties over money earned on the side, or from Airbnb, unless you pay tax owed on those earnings in time, writes Louise McBride

This year’s tax return deadline is fast approaching – and if you’re one of those who thinks that tax returns have absolutely nothing to do with you, check that this is truly the case. Many people don’t realise they have to file a …

Monday 22 October 2018 Brexit already having ‘negative impact on majority of UK firms’

Eight out of 10 UK firms surveyed by the Confederation of British Industry (CBI) have said that Brexit has had a “negative impact” on their investment decisions.

Almost one in five also stated that the point of no return for triggering their plans has already passed.

The powerful UK business lobby, which surveyed 236 firms – representing 101 large companies and 135 SMEs – revealed the majority of firms will …

Big pay day for crisis-era Irish bondholders

STEEL-nerved investors who bet that Ireland would not default in the worst days of the eurozone crisis got to collect their reward yesterday.

Holders of the last bonds issued by the Irish government before the 2010 EU/IMF bailout were repaid yesterday, in full and on time. That was in doubt through much of the crisis period, when the bonds traded at steep discounts.

The €1bn of debt was issued to …

Minister confirms changes in scheme to help SMEs

THE Government’s new Finance Bill has confirmed a €50,000 increase in maximum value of share options that can be granted under its Key Employee Engagement Programme (KEEP), to €300,000 in any period.

It had previously been subject to a limit applied in a consecutive three-year period. The scheme, introduced a year ago, was intended to help SMEs to attract and retain talent in a competitive labour market.

But it’s been …

Dublin Port to speed up investment as growth exceeds all expectations

An expected 3.3pc annual growth rate at Dublin Port established just six months ago by the facility to determine its infrastructure requirements for the next two decades is already being exceeded.

The chief executive of Dublin Port Company, Eamonn O’Reilly, said the current pace of growth means the semi-state firm now needs to speed up investment.

New figures show that cargo volumes at Dublin Port have continued to rise as …

Half of female bosses can’t get funding, finds new report

More than half of companies led by women have no external funding at all, compared with 30pc of male-led businesses – and three times as many female business leaders regard access to capital as their biggest challenge.

The results are from EY’s Global Growth Barometer, based on a survey of 2,766 senior business leaders.

In the report, advisory firm EY said the lack of access to funding matters in particular …

Rising interest rates are expected to cool the market for wind farms

Wind farm prices may have peaked, one of Ireland’s most experienced corporate financiers has warned, despite strong overseas demand for a range of Irish assets.

IBI chief executive Tom Godfrey said wind farm assets were probably “as expensive as they’re going to be” now that the low interest rate environment had begun to change.

Rising official interest rates, so far largely in the USA, were prompting investors to rethink strategies, …

Budget picks

Budget 2019 didn’t put much money back into our pockets. Much of the focus of Finance Minister Pascal Donohue last Tuesday was on housing and health – with little left in the pot for anyone else. Many of us will only be better off to the tune of about €5 or €6 a week next year as a result – and some of us won’t be any better off at …

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