- New laws to close tax loophole used by multinationalsTRANSFER PRICING: NEW LAWS designed to close a loophole used by multinationals to cut their tax bills could leave Irish companies facing increased compliance costs, one expert warned yesterday.
- Lenihan ignored key advice, says BrutonPOLITICAL REACTION: MINISTER FOR Finance Brian Lenihan ignored the recommendations of the Commission on Taxation when drafting the Government’s Finance Bill, according to Fine Gael’s finance spokesman Richard Bruton.
- VAT on local authority services may result in higher charges for publicPUBLIC SERVICES: THE INTRODUCTION of VAT on local authority services may mean higher charges for the public.
- Measures fall short on RD, say tax expertsBUSINESS TAX: THE FINANCE Bill introduces a number of business tax changes that experts believe will assist multinationals operating in the Republic but falls short of some expectations on areas such as research and development (RD).
- Significant changes to criteria for reliefHEALTH EXPENSES: THE INTRODUCTION of the Fair Deal nursing home scheme as well as the increasing incidence of people travelling abroad for medical treatment has been reflected in the Finance Bill.
- New domicile levy to target high earnersThe Finance Bill gives effect to the budget measure to charge a levy on high-net worth Irish citizens who are non-resident. The levy applies to Irish citizens with annual worldwide income over €1 million who are Irish-domiciled and who own property valued at over €5 million in the country.
- Mortgage interest relief to be extended for first-time buyersThe Finance Bill gives effect to the extension of mortgage interest relief for first-time buyers until the end of 2017, which was announced in the budget.
- Pendulum must not swing too far from previous overlendingECONOMICS : Small businesses and banks give widely differing views on credit availability
- Economy to contract 0.5% this year - bankTHE IRISH economy will contract by 0.5 per cent in 2010, and will return to positive growth by the fourth quarter, economists said yesterday.
- Euro zone signals support for Greece bailoutTHE PROSPECT of extraordinary European support for Greece remained alive yesterday despite Germany and France denying they were working on a rescue plan. High-level officials made it clear that the country would not be abandoned.
- China bucks global recession with over 8% growth last yearTHERE ARE precious few signs of global financial crisis in China these days, as data released yesterday showed growth last year was 8.7 per cent.
- Value of exports drops by 14.2%PHARMACEUTICALS CONTINUED to prop up the Republic’s trade performance at the end of last year, but the latest figures still showed a 14.2 per cent drop in the value of exports between November 2009 and the same month in 2008.
- At the risk of oversimplifying, the worst appears to be overECONOMICS: What do the trends governing the property market indicate now in the midst of a deep recession?
- Law of gravity to stop animated stock speculatorsSERIOUS MONEY: Despite the recent rise in shares, expectations are far too optimistic
- Foreign direct investment into Ireland rallied in 2009FOREIGN DIRECT Investment (FDI) into Ireland bounced back in 2009, according to a new report from a United Nations agency.
- Mortgages now 'more affordable'Mortgages are more affordable for first-time buyers than at any time in the past 25 years, according to the latest EBS/DKM affordability index.
- Confidence growing among smaller firmsCONFIDENCE AMONG small- and medium-sized businesses is rising, with an increasing number of executives expecting revenues to increase in 2010, a new survey has said. The survey from mobile network O2 finds that senior executives in SMEs are more confident about their prospects for the year than they were last year.
- CSO figures show retail sector hit by falling salesCHRISTMAS 2009 was shaping up to be a quiet one for Irish retailers, with shops forced to cut prices as fewer consumers hit the streets, according to the latest figures from the Central Statistics Office (CSO) and retail analysts Experian.
- Banks press developers to sell land in UK ahead of NamaTHE STATE’s main banks have pressed developers to take advantage of an uplift in the UK property market to sell land and investment assets to recoup loans before they are sold to the National Asset Management Agency (Nama) over the coming months.
- Concern among companies in the North about implications of NamaBELFAST BRIEFING: A real worry for many Northern Ireland businesses revolves around future financing, writes FRANCESS McDONNELL
- State needs 'radical' boost at third-level to competeTHE NATIONAL Competitiveness Council (NCC) has called for a “radical” increase in third-level places, the immediate implementation of a property tax and more action to support the growth of exports.
- Ireland needs more reform - TrichetEUROPEAN CENTRAL Bank (ECB) president Jean-Claude Trichet has said further Government action is required to recalibrate the economy and reinforce competitiveness.
- Prices fall by over 4.5% as deflation takes its tollPRICES FELL by 4.5 per cent in 2009, the steepest decline seen in the Irish economy in almost 80 years, according to new figures from the Central Statistics Office (CSO).
- Citi's chief economist praises State's response to fiscal crisisIRELAND DESERVES great credit for the manner in which it has faced up to and tackled its fiscal crisis, but current efforts will have to be sustained for up to a decade if the economy is to make a full recovery, according to a leading international economist.
- 'Clear signs' of stability and growthTHE ECONOMY is showing clear signs of stabilisation, Taoiseach Brian Cowen said yesterday.
- North's retail sector suffers December decline despite cross-Border shoppersNORTHERN IRELAND’S retail sector suffered a sharp downturn in the run-up to Christmas despite the tidal wave of shoppers who travelled across the border to take advantage of the euro/sterling exchange rate, a new report shows.
- Numbers on Live Register up by 3,330THE NUMBER of people claiming unemployment benefits rose by 3,300 in December, the largest increase since August, according to Live Register data.
- Property may rise 10% in 2010 - BloxhamPROPERTY PRICES will bottom out in the first half of 2010 and may rise by as much as 10 per cent by the end of the year, managing partner of Bloxham Stockbrokers Pramit Ghose has predicted.
- Figures reveal ongoing jobs crisis in US and EuropeGRIM JOBS market reports on both sides of the Atlantic yesterday highlighted the ongoing human cost of the credit crisis and kept alive concerns over the sustainability of the economic recovery.
- Deflation eased to 5.7% in NovemberTHE PRICE of food and alcohol fell in November, but the cost of education and transport increased, according to the latest Consumer Price Index (CPI) by the Central Statistics Office (CSO).
- Lenihan must turn focus to job creation and enterprise stimulusECONOMICS: WITH THREE budgets under his belt in little over 14 months, Minister for Finance Brian Lenihan has reached about the half-way point in the fiscal juggling required to restore our economic and fiscal stability, writes DAVID KENNEDY
- Concern over claims results in bigger Nama writedownsCONCERNS THAT property valuers and auctioneers could be exposed to future claims for incorrect valuations is a contributing factor to heavier writedowns being assigned to the value of loans moving to the National Asset Management Agency (Nama).
- House prices down 26.7% to levels last seen in October 2003NATIONAL HOUSE prices have on average fallen by 26.7 per cent since February 2007 and are now at October 2003 levels, according to the latest Permanent TSB/ESRI House Price Index.
- Who's getting away with not paying that much tax will be big question for budgetANALYSIS: Irish tax system has become less ‘progressive’ as a result of the income levy, writes LAURA SLATTERY
- ECB unwinds liquidity schemeTHE EUROPEAN Central Bank (ECB) last night embarked firmly on dismantling the exceptional measures it has taken to shore up the euro zone’s financial system, even as it remained highly cautious on prospects.
- Shrinking services sector reflects 'weakness in wider economy'THE RATE of contraction in the Irish services sector accelerated in November, the latest NCB Purchasing Managers’ Index (PMI) shows, as fragile domestic demand was further weakened by the recent floods.
- Moody's threatens ratings cutINTERNATIONAL pressure on the Government to deliver its promised €4 billion-raising budget intensified yesterday after a credit rating agency said it would “closely monitor” Ireland’s measures to narrow its budget deficit.
- One suspects an enormous fudge in the notion of unpaid leaveECONOMICS: Given the recent history of public service reform in Ireland, new promises of reform sound hollow, writes
JIM O'LEARY
- Both public sector and Government must face realityECONOMICS: The best that can be expected is a deal for €1.3 billion in public- sector pay cuts, but this is nowhere near enough, writes PAT McARDLE
- Exporters look keenly across the water to a recovery in sterlingECONOMICS: Our major trading partners will expand next year but at rates well below potential
- More people are saving but sums are smaller - studyTHE NUMBER of people putting money aside in banks or building societies has risen over the past year, but most individuals are saving smaller sums.
- EU sets deadlines for states to tackle deficitsTHE EUROPEAN Commission yesterday set deadlines between 2012 and 2014/15 for 13 EU countries to slash budget gaps below 3 per cent of GDP, and said it would step up disciplinary budget action against Greece.
- Banks give six-month grace period on seizuresLESS THAN a tenth of applications by banks and building societies to repossess homes from borrowers in default on mortgages lead to repossessions, the Irish Banking Federation (IBF) has told an Oireachtas committee.
- EU set to extend State's stability target until 2014THE EUROPEAN Commission will confirm this morning that it will give the Government a one-year extension to its 2013 target to restore stability to the public finances, a move that will push out the deadline until 2014.
- Do not defer 'painful' reform of public finances, warns E&YANY ATTEMPT by the Government to defer “painful decisions” to fix the public finances beyond the current target of 2013 would not be a “healthy outcome”, according to the authors of an economic report published by accountancy firm, Ernst & Young (E&Y).
- Job subsidy scheme to be extendedTHE EMPLOYMENT Subsidy Scheme introduced in August to encourage employers to retain staff is to be extended to non-exporting companies, Minister for Enterprise, Trade and Employment Mary Coughlan announced.
- Growth to return by 2010-2011, 76% of Irish executives sayNEARLY A third (32 per cent) of Irish business leaders expect their operations to return to growth next year with 44 per cent expecting the upturn to happen in 2011, according to a survey of 800 senior executives carried out by PricewaterhouseCoopers (PwC).
- CIF calls for budget tax breaks and stamp duty reductionTAX BREAKS for first-time house buyers, a reduction in stamp duty and reform of the planning system are all on this year’s budget shopping list for the Construction Industry Federation (CIF) .
- Some Ulster Bank assets may be eligible for Nama - RBS chiefTHE CHIEF executive of Royal Bank of Scotland (RBS), owner of Ulster Bank, has said the Irish bank may hold some assets that are eligible for the National Asset Management Agency (Nama).
Dublin Today »
| Company | Latest Price € | % Change |
|---|---|---|
| DRAGON OIL PLC | 5.03 | 2.03 |
| NORKOM GROUP PLC - IEX | 1.59 | 1.92 |
| SMURFIT KAPPA GROUP PLC | 6.5 | 1.56 |
| SITESERV PLC - IEX | 0.063 | -10.00 |
| AGI THERAPEUTICS PLC - IEX | 0.05 | -10.71 |
| PROVIDENCE RESOURCES PLC - IEX | 0.036 | -14.29 |
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