Public Finances News | Latest Trends & Articles | The Irish Times

By the end of 2017 the State Claims Agency estimated that its outstanding liability was €2.7 billion, about three-quarters of which related to claims against the health system. Photograph: iStock

Medical redress regime is damaging health system

Economy
John FitzGerald
December 7, 2018, 04:35

John FitzGerald: Claims system adds cost to health service with adverse effects

Roscommon County Council was found to have underdeclared VAT by more than €340,000 after an audit. Photograph: Alan Betson

Roscommon council appears on tax defaulters list over €456,000 VAT bill

Economy
Mark Paul
December 4, 2018, 20:00

Latest tax defaulters list details total of €13 million of settlements with 65 taxpayers

The largest single settlement made to Revenue was paid by the Westenra Arms Hotel in Monaghan, whose directors include the well-known GAA manager Seamus “Banty” McEnaney.

Hotels and restaurants prominent on Revenue’s €13m tax defaulters’ list

Economy
Mark Paul
December 4, 2018, 15:57

Monaghan hotel co-owned by GAA manager ‘Banty’ McEnaney makes €2.5m settlement

Former CRH executive Maeve Carton is set to succeed IAG chief Willie Walsh as chair of the State body responsible for the Republic’s national debt. Photograph: Alan Betson

Maeve Carton to lead National Treasury Management Agency

Economy
Barry O'Halloran
November 27, 2018, 17:30

Ex-CRH director to succeed Willie Walsh at helm of body responsible for State’s sovereign debt

Minister for Finance Paschal Donohoe confirmed that a new agreement between Revenue and the Maltese tax authorities will close the loophole. Photograph: Nick Bradshaw

Revenue to close ‘single malt’ tax loophole

Economy
Barry O'Halloran
November 27, 2018, 15:21

Mechanism allows US multinationals to channel cash through Malta

NTMA headquarters at the Treasury Building. Photograph: Sasko Lazarov/RollingNews.ie

NTMA completes €750 million bond auction

Economy
Peter Hamilton
November 8, 2018, 10:37

Latest auction means agency has issued €17.25bn worth of bonds this year

The transaction brings the NTMA’s long-term fundraising so far this year to €16.5 billion. Photograph: iStock

Investor orders hit €11.3bn in State’s first green bond sale

Economy
Joe Brennan
October 10, 2018, 17:45

Irish brokers left out of the deal as foreign banks share €6m commission on €3bn bonds

Minister for Finance Paschal Donohoe in advance of delivering Budget 2019, at Government Buildings. Photograph: Dara Mac Dónaill/The Irish Times

State investment body could provide ‘excess’ €1.5bn for infrastructure

Economy
Joe Brennan
October 9, 2018, 20:31

Department of Finance report says funds from ISIF may be better used on capital spending

International green bond issuance has topped $100 billion (€87.2bn) so far this year

NTMA hoping to raise up to €3bn from green bond sale

Economy
Joe Brennan
October 9, 2018, 16:53

Green bonds are aimed at funding projects that promote climate change mitigation

The Revenue Commissioners report is to be published by Minister for Finance Paschal Donohoe.

High earners paid extra €38.5m in tax as rules curbed reliefs

Economy
Cliff Taylor
October 8, 2018, 06:38

Bulk of additional money in 2016 came from 149 taxpayers earning more than €400,000

The Comptroller & Auditor General’s report says 140 high net worth individuals, or 42 per cent of the total, declared taxable income of less than €125,000 in 2015.

Many of Ireland's wealthiest taxed at rate below average worker

Economy
Cliff Taylor
September 28, 2018, 19:07

C&AG report shows huge variation in tax paid by 334 high net worth individuals

“If the Government stood back, the tax would be levied on the basis of prices which have risen by 80 per cent since the last valuation. That would mean a big increase in bills. This will not happen.”

Property tax: There is trouble ahead but this tax needs to be saved

Economy
Cliff Taylor
September 12, 2018, 07:36

Doing nothing is not an option with revaluation of properties due in November 2019

“With Brexit looming, there is a strong case for aiming to move the exchequer firmly into surplus.” Photograph: Stefan Rousseau/PA

Tax returns deliver reality check for budget spending plans

Economy
Cliff Taylor
September 5, 2018, 07:54

Taxes were below expectations in August and so there won’t be much leeway on budget day

Minister for Finance Paschal Donohoe has much to ponder in the run-up to next month’s Budget 2019. Photograph: Tom Honan

Cantillon: Minister urged to balance the books

Economy
September 4, 2018, 05:22

Department of Finance urges a cautious budget but minister is giving little away

Welcoming the report, Minister for Finance Paschal Donohoe said in a statement that “the Government’s objective as set out in the summer economic statement is to balance the budget over the economic cycle and to use windfall receipts for debt reduction”.

Government warned over running budget deficit despite strong growth

Economy
Cliff Taylor
September 3, 2018, 12:29

Department of Finance points out that national debt per head of population is €42,000

Multinationals and taxation: some countries see a chance to grab revenue for themselves, rather than to move towards something fair and efficient.

Ireland in crosshairs in debate on tax and multinationals

Economy
August 11, 2018, 06:29

‘Economist’ editorial labels defensive Ireland a ‘haven’ despite complexity of tax reforms

Ahead of target: Minister for Finance and Public Expenditure and Reform Paschal Donohoe. Photograph: Nick Bradshaw/The Irish Times

Public finances remain on track as VAT beats July target

Economy
Laura Slattery
August 2, 2018, 16:30

Receipts from three largest categories of tax all now running ahead of expectations

The papers, published on Tuesday, examine the income levels at which earners enter the higher income tax rate in other countries, illustrating that the €34,550 level in Ireland is relatively low. File photograph: Getty Images

Government highly likely to widen 20% tax band in 2019 budget

Economy
Cliff Taylor
July 31, 2018, 19:33

Strategy group suggests increasing diesel and carbon tax, and tax relief for self-employed

Speaking at an Oireachtas Public Accounts Committee (PAC) hearing on Thursday, NTMA chief executive Conor O’Kelly said a list would allow procurement officials in departments and Government agencies to assess if Irish taxpayers had too much exposure to certain ‘counterparties’.

NTMA considers public contractors risk list after Carillion collapse

Economy
Joe Brennan
July 12, 2018, 16:08

‘Too much emphasis placed on price when public contracts are being awarded’

A slew of countries have tapped the green-debt market, as governments globally seek to live up to the Paris climate agreement. Photograph: iStock

Ireland tipped to jump on ‘green bonds’ bandwagon

Economy
Joe Brennan
July 2, 2018, 16:26

Green bonds are issued to finance climate and environmental investments

PAC chairman Sean Fleming TD: “It is important that we find out their reasons for why payment agreements had not been concluded or enforcement proceedings commenced.” Photograph: Gareth Chaney Collins

TDs to question Revenue over unpaid €2.3bn tax debt

Economy
Barry O'Halloran
June 28, 2018, 05:50

Tax Appeals Commission faces PAC questioning for first time since it was set up in 2016

Subscriber Only

Latest Economy

Sign In

Forgot Password?

Sign Out