Corporate jets to escape green tax, call for childcare investment, and paying for your new car

Executive jets will escape plans to tax polluting aviation fuels, according to draft proposals to be presented by the European Commission on Wednesday.

The Commission plans to set an EU-wide minimum tax rate for aviation fuels, as it seeks to meet more ambitious targets to fight climate change, a document seen by Reuters shows. A draft of the Commission’s tax proposal takes aim at aviation, which escapes EU fuel taxes.

Ireland may come on board to support a global deal to reform corporation tax as negotiations develop in the coming months, Minister for Finance Paschal Donohoe said after meeting with US treasury secretary Janet Yellan. Naomi O'Leary reports from Brussels where the two held a meeting yesterday.

The State remains "at the bottom of the class" when it comes to investment in childcare, and must double its outlay in the sector by 2028, Early Childhood Ireland has told the Government in its Budget 2022 submission. The group's submission, which is published today, calls on the Government to meet its commitment to that effect in the national early years strategy First 5. Colin Gleeson has the details.

FDA to warn J&J vaccine can lead to increased risk of rare syndrome

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The gap State must bridge on air travel continues to widen

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Corporate jets to escape EU’s ‘green’ aviation fuel tax

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Pandemic accelerated digital adoption by Irish businesses, survey finds

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Laura Slattery reports on Wicklow-based perfumery Fragrances of Ireland which is bound for the beaches of California. The export business behind the sea-inspired Inis brand is opening its first US shop in the Pacific surf resort Huntington Beach, south of Los Angeles. The expansion into its own physical store, which will be named Inis, follows years of growing sales in the US – its main market – through about 3,000 retail outlets located across all 50 states.

In her Media & Marketing column this week, Laura writes about how Google is going to war for the attention of video creators and viewers by cloning some of TikTok's most popular features for its new YouTube Shorts. But does ageing YouTube have what it takes to size up to TikTok's prevailing sense of joy and wit?

The rate of digital adoption among Irish businesses has accelerated as a result of the Covid-19 outbreak, according to a new survey, with 98 per cent of business leaders saying technology played a key role in navigating the pandemic. Ciara O'Brien reports.

Thinking about buying a new car? In this week's Personal Finance column, Joanne Hunt examines the best way to pay for your new wheels.

Staying with car purchases,a couple in their 70s ask Dominic Coyle if they could borrow from the bank or credit union with the loan secured by the deeds of their house to fund a new car.

Dominic also advises a reader who is wondering if it's worth his while paying voluntary PRSI contributions.

Is there bubble trouble in the US? Proinsias O'Mahony O'Mahoney examines this and other issues in this week's Stocktake, while you can read all of today's Cantillons, here.

This week's Me & My Moneyfeatures former Irish international rugby player and ambassador for Hidden Hearing, Tony Ward, who says he was brought up on the ethic that that saving alone led to buying.

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