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“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

Nama’s latest lifetime projection, issued last week, “looks very conservative”, Investec Ireland said. Photograph: Dave Meehan

Nama may make €4.5bn lifetime surplus, Investec says

Economy
Joe Brennan
June 18, 2018, 10:15

Investment firm upgrades 2018 and 2019 GDP estimates to 5 per cent and 4.5 per cent

A total of €9.4 million in settlements was agreed with 61 taxpayers

Retired doctor agrees €1.86m settlement with Revenue

Economy
Dominic Coyle
June 12, 2018, 16:48

Valerie Donnelly is one of 61 taxpayers named in defaulters list

Revenue investigations: the organisation is using “extensive information” available under new international data-sharing arrangements. Photograph: Nick Bradshaw

Revenue audits and compliance measures yielded almost €500m in 2017

Economy
Cliff Taylor
April 25, 2018, 11:06

€84m raised under foreign income and assets disclosure initiative

Teachers on a picket line in 2014. File photograph: Cyril Byrne

Whatever about fairness, public service pay now driven by politics

Economy
Cliff Taylor
April 23, 2018, 14:56

Trade unions will feel they are shooting at an open goal on the issue of pay parity

What is the future for your local property tax bill?

Economy
Cliff Taylor
April 16, 2018, 12:48

Doing nothing could mean huge increases in bills for households in 2020

The Central Bank received €25 billion of government bonds in February 2013 under a restructuring of Anglo Irish promissory notes. Photograph: Bryan O’Brien

Central Bank sells 42% of Anglo Irish-related bonds

Economy
Joe Brennan
March 28, 2018, 16:28

Latest deal sees €500m in bonds sold to NTMA and cancelled

Both the Government and Apple are appealing the European Commission’s state aid ruling. Photograph: Getty

State hires three firms to manage Apple back taxes

Economy
Joe Brennan
March 23, 2018, 11:22

Goldman Sachs, Amundi and BlackRock to manage €14bn funds while held in escrow

Minister for Housing Eoghan Murphy: claims Eurostat ruling will not impede social housing delivery. Photograph: Gareth Chaney Collins

Eurostat cites low rents for putting housing bodies on State’s books

Economy
Simon Carswell
March 9, 2018, 06:30

Ruling could complicate efforts to reclassify groups to free up spending on social housing

NTMA headquarters in the treasury building. Photograph: Dave Meehan/The Irish Times

Ireland receives €2.8 bn bids for bonds

Economy
Joe Brennan
March 8, 2018, 10:32

NTMA issued bonds due in 2020 and 10-year bonds

The Government missed original deadline of January 2017 to collect the money from Apple.

Ireland picks BNY Mellon to manage €14bn Apple escrow account

Economy
Joe Brennan
March 5, 2018, 11:13

Contracts yet to be signed but move paves way for Apple to start transferring funds

The NTMA plans to sell bonds on Thursday that are due to be repaid in 2022 and 2028, it said in a statement. Photograph: Cyril Byrne

Ireland to sell bonds as market digests Italian vote

Economy
Joe Brennan
March 5, 2018, 10:19

NTMA planning to sell €1 billion of bonds on Thursday

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