Archive for September 2021

Minister for Finance Paschal Donohoe has said that Ireland will enter the OECD’s global tax agreement if certainty and stability on corporation tax rates can be assured and if not “we will stay where we are”. Speaking on RTÉ’s Morning Ireland, Mr Donohoe said the coming week is a critical time in the negotiations as…

Almost half of Irish consumers believe the pandemic will have a lasting impact on their circumstances, according to the latest KBC Bank Ireland consumer sentiment index. One third of those consumers expect their circumstances to improve. The survey conducted in September included a special question intended to assess the extent to which Irish consumers felt…

An emergency measure that suspended the right of workers laid off by their employers during the Covid-19 pandemic to receive a redundancy payment will be removed after today. The development means tens of thousands of employee lay-offs could be crystallised, if employers are not in a position to take staff back or have not already.…

The Living Wage should rise by 60 cents to €12.90 an hour, the group which calculates it has recommended. The increase is being driven by hikes in rents, transport and energy costs, according to the Living Wage Technical Group (LWTG). A Living Wage is intended to be a benchmark hourly rate that should provide employees…

The Minister for Housing has said that he is “absolutely convinced” that the Mica redress scheme can be improved. Darragh O’Brien will meet with homeowners from Donegal and Mayo later today, who are seeking 100% redress for the damage to their homes caused by the presence of the mineral mica in concrete blocks. The Government…

Minister for Finance Paschal Donohoe said today that there will be no change to the Employment Wage Subsidy Scheme (EWSS) for October. Paschal Donohoe said this means the EWSS will continue to operate in its current form during October, so that the main eligibility requirement is a 30% decrease in turnover or customer orders in…

Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar has met United States Trade Representative Katherine Tai in Washington. According to a statement released by Ambassador Tai’s office, she “highlighted the Biden-Harris Administration’s support for a strong global minimum tax and explained how this policy could achieve more equitable and inclusive economic growth”. During…

More than 100,000 new and previously exempt properties, most of which were built after May 2013, will be brought into the tax bracket and become liable for Local Property Tax (LPT) on 1 November. Revenue’s Local Property Tax branch manager said homeowners will have until this date to revalue their homes as part of the…

The results of the latest SME Credit Demand Survey shows that 20% of small and medium sized businesses applied for bank credit between October 2020 and March 2021. 72% of SMEs reported that sufficient internal funds was the reason for not seeking credit. The survey series is conducted by Behaviour and Attitudes, on behalf of…

Bank of Ireland said its latest Economic Pulse suggests that households and firms have taken the Government’s latest re-opening roadmap in their stride. The bank said that with much of the economy already back operating and the public health situation under control, the consumer and business mood was little changed on the month. Its headline…