US treasury secretary Janet Yellen and Minister for Finance Paschal Donohoe had one-to-one meetings in the context of the proposed tax deal last month.  Photograph: Stephanie Lecocq/EPA

Smart Money: If a deal is done, Ireland would face stiff penalties if it did not join in

A big row is coming about what the ‘return to work’ will look like. Photograph: iStock

Working from home, Covid measures and public spending will be the big flashpoints

An EU survey of consumers confirmed that, in general, fraud is big business with Irish people among those most affected. Photograph: iStock

Smart Money: Scam calls are a business – the economics explain the deluge of fake calls

‘How do we get homes – particularly apartments – built at a reasonable cost?’ File photograph: Getty

If the big new strategy is to work, then in time house prices will have to fall

Is the three-days-in, two-days-out model the way forward, or just company bosses and office owners trying to evolve to a model which does not shift too far away from the past? Photograph: iStock

Smart Money: When, and how, will those working from home go back to work?

US treasury secretary Janet Yellen and Minister for Finance Paschal Donohoe have had one-to-one meetings in the context of the proposed tax deal. File photograph: Bloomberg

Biden and Yellen must get Congress on side first for a deal to go ahead

Minister for Finance Paschal Donohoe: “Details really matter.”

Paschal Donohoe says State will have to make call later this year or next

What is the deal about and will Ireland sign up? Photograph: Eric Piermont/AFP/Getty

Donohue objecting to global minimum tax for multinationals under agreement

It makes sense to have a housing strategy and to make this a national priority. Photograph: Getty Images

Byelection loss will increase pressure, but will the new housing plan deliver?

The Covid-19 Delta variant is likely to delay economic recovery but not significantly change it, according to Central Bank governor Gabriel Makhlouf. Photograph: Nick Bradshaw

Central Bank governor says ECB is paying close attention to UK after ‘remarkable’ decision to lift all restrictions

There is a strong political wind down to collect more from big companies and close off their opportunities to shift profits and cut tax bills.

Smart Money: Even if the OECD talks fall apart, Ireland still faces the danger of US legislation relating to its companies

The longer the pandemic goes on, the greater the damage to key sectors of the economy such as hospitality, retail, leisure and tourism.

Delta variant has raised new questions about pace of recovery and longer-term prospects

Minister for Finance Paschal Donohoe. Photograph: Colin Keegan/Collins

The State will soon owe €250bn, we learned this week. Barely an eyebrow was raised

Minister for Finance Paschal Donohoe said Ireland “broadly supported” the OECD package, but did not sign up “today”. Photograph: Colin Keegan/Collins

Analysis: Clear reputational risks in holding out on deal to make companies pay fair share

Paschal Donohoe has expressed reservations about the OECD  proposals. Photograph: EPA

Some 130 states have accepted the outline agreement – Ireland will remain in the talks

Outdoor dining in Dublin this week. The key thing to watch  in the months ahead how the core unemployment rate reacts as pandemic supports are wound down. Photograph: Dara Mac Dónaill

Smart Money: Younger workers have been the most exposed during this crisis

 The consequences of the decisions are significant. The winding down of Covid-19 supports will take longer and the economic damage will be greater. Photograph: Eamonn Farrell/

Delay to hospitality brings knock-on burdens to economy and puts other returns in doubt

  Michael McGrath:  he says winding down emergency spending “is fundamental to the task of bringing our national finances to a safe place over the period ahead”.  Photograph: Alan Betson

Big economic departments want spending to fall into line, but there is huge political pressure to spend, particularly on health an(...)

Minister for Finance Paschal Donohoe said the Summer Economic Statement would include an “anchor” for the public finances. Photograph: Olivier Matthys/EPA

Ministers need to settle the row over what limits to put on government spending

Smart Money: Headline GDP figures suggest that Irish people are well-off but are we?

A previous analysis by former Central Bank governor Patrick Honohan based on 2019 figures estimated that Ireland might be around 8th to 12th place in terms of the EU prosperity league, when distortions to GDP data are factored out. Photograph: Gareth Chaney/Collins

Figures focus solely on consumption and excludes multinational accounting which inflates Irish GDP

Loyalists take part in an anti-protocol rally in Portadown, Co Armagh, earlier this month. Photograph: Brian Lawless/PA Wire

DUP chaos leaves stability vital for economic progress hanging in the balance

NTMA chief executive Conor O’Kelly was appointed in 2015 on an initial five-year term, which was extended  in 2020. Photograph: Alan Betson/The Irish Times

O’Kelly’s successor faces task of managing enlarged debt pile due to Covid crisis

US treasury secretary Janet Yellen referred to aspects of the plan which would put pressure on countries to adopt a new agreed minimum rate. Photograph: Justin Tallis, WPA Pool/ Getty

Irish companies with US operations could be hit if Ireland does not fall into line

Facebook’s Dublin headquarters. The group has decided to  allow some of its employees to work from overseas permanently. Photograph: iStock

Smart Money: Tax rates are only part of the story

US treasury secretary Janet Yellen (left) meets with President of the Eurogroup and Minister for Finance Paschal Donohoe on the second day of the G7 Finance Ministers Meeting, at Lancaster House in London on June 5th, 2021. Photograph: Alberto Pezzal/AFP via Getty Images

International tax reform: Deal or no deal, there is a lot on the line for Ireland

The Government has made some welcome moves – on the right to disconnect and request remote working. But if it wants to put in place policies to push this in certain directions, now is the time.

Government policy must look beyond short term and kill commutes to ease working lives

Pubs, restaurants and retail have reopened but some sectors of the Irish economy never stopped growing during the pandemic.

Smart Money: big manufacturing and service sectors are continuing to grow

Japan’s finance minister Taro Aso with Minister for Finance and Eurogroup president Paschal Donohoe at the G7 finance ministers meeting in London at the weekend. Photograph: Rob Pinney/PA

Cliff Taylor: Low corporate tax will in future be a much less powerful tool to attract investment into State

US treasury secretary Janet Yellen meets President of the Eurogroup and Minister for Finance Paschal Donohoe at the G7 meeting in London on Saturday. Photograph: Getty

In what could be the biggest corporation tax reform in years, Ireland stands to lose €2bn

Minister for Finance and Eurogroup president Paschal Donohoe at a G7 meeting of  finance ministers in London today. Photograph: Getty

G7 backs 15% corporate tax rate in move which threatens Ireland’s 12.5% rate

Only one-third of 30 year olds own a property, leaving the rest depending on a hugely expensive rental market.  Photograph: Alan Betson

Resources must target jobs and housing as high rent and low hope haunt generation

Boards are increasingly seeing core sustainability experience and expertise as vital and not just as a ‘nice to have’.

UK Institute for Corporate Responsibility and Sustainability opens an Irish hub

British chancellor Rishi Sunak (R) greets Kristalina Georgieva, managing director of the IMF, during the first day of the G7 summit in London. Photograph: Hollie Adams/EPA

Donohoe to meet with US treasury secretary at bilateral meeting on Saturday

Recent US research estimates that 20 per cent of full-time hours will be working from home after the pandemic, versus 5 per cent beforehand, an extraordinary level of change. Photograph: iStock

Smart Money: Employees will have more flexibility, but just how much remains open to question

Homes built since 2013 will now be subject to the local property change. File Image: The Irish Times

Property tax net to include buyers of new-build homes in coming years

Minister for Finance Paschal Donohoe said that from November of this year all homes would be revalued. File photograph: iStock

Cabinet to cut rate and broaden bands, but 33% of homeowners to see increase in charges

Reform of the Local Property Tax has been widely been long expected but will prove still unpopular with those who end up losing out. File photograph: Yui Mok / PA

Full details of new changes as owners of newer and most valuable homes to be hardest hit

In economic terms trying to support sustainable jobs and incomes as the economy reopens also involves difficult choices. File photograph: iStock

Analysis: New plan promises billions in extra spending to try to ease path out of pandemic

Taoiseach Micheál Martin announced the plan shortly after noon on Tuesday outside Government Buildings with the other Coalition party leaders. Photograph: Julien Behal Photography

PUP rate cut, 50,000 new training places and 9% VAT rate extended under €3.6bn stimulus package

Minister for Finance Paschal Donohoe may well have a talk with Janet Yellen at next week’s G7 gathering, which he will attend in his position as president of the Eurogroup of finance ministers. Photograph: Antonio Cotrim/EPA

Big countries likely to push for global consensus on minimum rate for big multinationals

The big changes so far have hit companies importing from Britain.

Smart Money: From sliced pans to fishing, there are more flashpoints ahead

 Paschal Donohoe   arrives for an informal meeting of the Eurogroup in Lisbon: The Minister for Finance says removing  Covid supports now  ‘would be akin to falling at the final hurdle’.  Photograph: Carlos CostA/AFP via Getty

Government will outline plans to phase out payments from the fourth quarter

Minister for Finance Paschal Donohoe: ‘I do anticipate that there will continue to be a place for a rate such as this and for low rates.’ Photograph: Julien Behal

US leading calls for imposition of minimum global tax rate for big corporations

Minister for Finance and president of the Eurogroup of finance ministers Paschal Donohoe has signalled Ireland’s support for the OECD process, but also his reservations. Photograph: Antonio Cotrim/EPA

Plan has major implications for Ireland’s ability to use low tax rate to attract investment

Paschal Donohoe: The Government’s tactic is to push the discussion on what happens to tax and welfare  to a new commission on the subject. This is due to report in summer 2022. Photograph: Julien Behal

ESRI points to big gains from increasing income tax rates – close to €1 billion annually

Illustration: iStock/Getty

It’s been brewing for years, with lack of supply at its core. The solution lies in targeted strategies

A statement issued this week stated that  the Irish dairy sector was committed to to making a positive contribution to the green agenda, but said that reducing dairy production in Ireland was not the answer. File photograph: Alan Betson / The Irish Times

Key pressure facing businesses and governments is the pace of required action

Treasury Secretary Janet Yellen is now a key player in OECD tax talks. (Erin Scott/The New York Times)

Offer could pave way for shake-up of taxation of multinationals with big implications for Ireland

The supports have been vital in keeping people in work and keeping businesses going, thus limiting the long-term damage of the pandemic. Photograph: iStock

Smart Money: Huge complications lie ahead as the economy reopens

Agriculture, responsible for a third of emissions, will be a key focus with varying signs from Government on whether a freezing or reduction in the size of the national herd will be needed. Photograph Nick Bradshaw

Cliff Taylor: There will be opportunities here, but also really difficult political trade-offs

Glanbia and a Dutch partner propose to develop a cheese plant at Belview in Co Kilkenny to make soft cheeses for continental markets.

Cliff Taylor: Row over cheese plant hints at environmental battles to come

Ireland’s tax authorities have rejected an offer from consumer healthcare group Perrigo to settle an outstanding €1.64 billion tax bill.  Photograph: Adam Bird/Bloomberg via Getty Images

Consumer healthcare group hit with largest tax assessment ever issued by commissioners

Less well-off people have struggled to get into the market for years – and typically are renters – while the wealthiest , also owning houses, usually have other assets.

Smart Money with Cliff Taylor: Less well-off people have struggled to get into the market for years

The NCPC report referred to a number of international studies reporting improved productivity due to working-from-home policies.

Reform required to attract skilled employees, national competitiveness council says

Perrigo has made an offer to settle a disputed €1.64 billion tax bill levied by Revenue. Photograph: Adam Bird/Bloomberg via Getty

Amount is second-largest in the history of the State, behind only high-profile Apple case

Late last month Taoiseach Micheál Martin told the Dáil ‘the target is still the target’. File photograph: The Irish Times

Just under 3.1m will be needed to hit that target – so, another 1.77m first doses required

Part of the European Commission’s recommendations in relation to Ireland’s application for the recovery fund was a crackdown on aggressive tax practices. Photograph: iStock

With our limited payout from the recovery fund, the EU has less leverage with Dublin on this one

The shared equity scheme will be  for new-build houses and apartments, with limits on the property price that qualifies. Photograph: iStock

Smart Money: A step-by-step guide to how the shared equity scheme will work

Citywest vaccine centre: There are signs the vaccination programme is accelerating and moving to more than 200,000 a week. Photograph: Enda O’Dowd/The Irish Times

The vaccine rollout is accelerating – but the next six weeks are crucial

The message from some other countries – including some parts of the US  and Chile is that if you move too quickly, case numbers can rise even as vaccines reach more of the population. Photograph: Dara Mac Donaill/The Irish Times

Smart Money: Little room for error in inoculation roll-out if reopening targets are to be met

Ireland’s policy of using a low corporation tax rate to attract investment is now threatened by the US proposal to tax the overseas earnings of its corporation at 21 per cent.

Cliff Taylor: Government may face key decision on proposed 21% rate later in year

Joe Biden: he has   proposed an increase in the main US corporate tax rate from 21%  to 28%. Photograph: Jim Watson/AFP

Global tax expert says Congress make-up means compromise is needed in whatever legislative process is used

Minister for Finance Pascal Donohoe has said there will be no ‘cliff-edge’ withdrawal of Covid supports. Photograph: Julien Behal. No Fee

Cutting the emergency Covid-19 supports presents a huge political challenge

The new commission on tax and welfare will  recommend changes in the taxes we pay and the entitlements we receive. Photograph: iStock

Smart Money: The new commission on tax and welfare will consider sweeping changes

 Pascal Saint-Amans: “Ireland is not a tax haven, it is an investment hub.” Photograph: Nick Bradshaw

Talks on global tax reform under direction of OECD get new impetus by proposals from Washington

KBC is following NatWest, Ulster Bank’s owner, out the door. And we are left with a semi-State banking sector. Photograph: Brian Lawless/PA Wire

Why pull out of a market with some of Europe’s highest mortgage rates and fees?

Danger here: The Biden administration has proposed increasing a tax rate currently imposed on the overseas earnings of US multinationals and set at 10.5 per cent. Photograph: AP

Smart Money: Six ways multinational tax talks could end – and what they mean for Ireland

As the Department of Finance’s chief economist, John McCarthy said at Wednesday’s briefing on the latest forecasts,as well as these supply issues, just how well vaccines will work remains uncertain.

Cliff Taylor: Latest predictions set a baseline for public finances, but battles lie ahead

Minister for Finance, Paschal Donohoe said that stronger growth could help return the budget to close to balance by 2023 or 2024, on the basis of no policy changes.

State factors in €2 billion reduction in annual corporation tax revenues

Coronavirus has led to some of the biggest economic calls ever made by an Irish government.   Photograph: Alan Betson

Challenges loom for Government over domestic sector support and global tax reform push

US president Joe Biden has outlined plans for a big increase in taxes on US businesses, including – crucially for Ireland – on their offshore earnings. Photograph: Amr Alfiky/New York Times

Ireland has limited leverage as US aim for higher tax has support in large EU states

‘Are We There Yet?’ street art in the Grand Canal Basin area of Dublin: a phased reopening of the economy is expected to begin in May, but no dates have been set. Photograph: Nick Bradshaw for The Irish Times

Smart Money: There is still so much we don’t know about our economic restart

US president Joe Biden speaks at a virtual meeting with Taoiseach Micheál Martin: He has proposed a 21 per cent minimum tax on international earnings of US companies which would render our 12.5 per cent rate redundant. Photograph: Erin Scott/New York Times

Taxation warning shot from Washington must spur State to renew economic model

US president Joe Biden speaks  to the press  in the East Room of the White House on April 1st, in Washington, DC. Photograph: Drew Angerer/Getty Images

President’s proposal carries dangers for the State, PwC managing partner asserts

Sgt Mick Ronayne, Sgt John Carroll and Gunner Mark McCarthy of the  Defence Forces helping to set up the   vaccination centre in Páirc Uí Chaoimh. As well as GPs, hospitals and pharmacies, the major vaccination centres and the online booking portal are central to the  plan to ramp up vaccinations. Photograph:  Darragh Kane

Numbers vaccinated will need to build quickly to nearly 250,000 people a week

A hopeful-sounding message on Chatham Street in Dublin: there are reasons for economic optimism. Photograph: Dara Mac Dónaill / The Irish Times

Smart Money: Ireland’s lockdown has been long – but the economy has some hidden strengths

 Danny McCoy: ‘At a time when strong EU support is required on a range of issues, it appears very unhelpful for Ireland to pursue a regime without any co-ordination with other member states.’  Photograph: Alan Betson

Inclusion of EU countries in list would disrupt ‘significant amounts of essential business travel’

Defence Forces personnel at Dublin Airport await flights in order to escort passengers to their mandatory hotel quarantine. Photograph:  Colin Keegan/Collins

Anger in Department of Foreign Affairs in relation to Department of Health plan

 US president Joe Biden has proposed a new 21%  minimum tax rate to apply on the global profits of US companies.  Photograph: Getty Images

US president is pushing for 21% tax on global earnings of American companies

The latest US policy move is likely to signal support for a high global minimum corporate tax rate at OECD talks now under way. Photograph: iStock

Cliff Taylor: Republic’s biggest investment calling card could be under threat

A bus leaves the Crowne Plaza hotel after dropping off airline passengers to hotel quarantine in Dublin earlier this week. Photograph: Donall Farmer/Getty Images

Attorney General warns Government over plans to add 43 countries to high risk list

Mask-wearing mannequins in Monaghans on Anne Street South: The arrival – and apparent potency – of the vaccines has changed the debate. Photograph: Alan Betson

Analysis: Ireland in a race against time to vaccinate enough people to allow reopening

A mural by Emmalene Blake in Dublin city centre. Photograph: Brian Lawless/PA Wire

Any loosening will be minor for now, but a wider reopening may be possible late in May

What can the UK’s reopening plan tell us about when restrictions will loosen in the Republic? Photograph: Collins

Smart Money: UK’s plan providers pointers on how reopening may be phased in Ireland

US president Joe Biden in the White House during  his virtual  meeting  with Taoiseach Micheál Martin on St Patrick’s Day. Photograph: Bloomberg

It hasn’t hit the headlines yet, but a big push is on for international corporate tax reform

It is important to recognise that current borrowing rates are extraordinary low and relying on them continuing would be unwise.

Cliff Taylor: Leo Varadkar raises issue and bonds edge higher

Post-crisis idyll? Martina Lawless, research professor at the ESRI, believes savings will fuel ‘a strong boost in consumer spending’ once restrictions lift.

Smart Money: Savings are at record levels – if you are lucky to have some, what are your options ?

The offices of Davy stockbrokers in Dublin. Davy was for many years the central player in stocks and shares and in corporate finance. Its competitors did not like it – and it did not care. Photograph: Niall Carson/PA Wire

How Davy’s me-first culture and intransigence towards the Central Bank brought it to its knees

The Government will hope that whoever takes on Davy takes it as one business, rather than buying just the wealth management side. Photograph: Gareth Chaney/Collins

The crucial difference to other financial scandals is that the decision-makers were immediately identifiable

Joe Biden’s $1.9 trillion stimulus plan is a vital support, or risks setting off inflation and eventually higher interest rates. Photograph: Getty

Smart Money: What happens to US inflation will provide vital clues for the world economy

Stockbroker Davy is expected to hire an overseas investment bank to manage the sale of the firm. Photograph: Sasko Lazarov/

Stockbroker expected to confirm before weekend that business is on the market

Any potential buyer of Davy would be conscious of the need for extensive due diligence. File photograph: Gareth Chaney/Collins

No evidence of suspected criminal activity in broker inquiry, according to Central Bank

Davy Stockbrokers: the risk for Davy from this censuring and fine by the Cental Bank is of a damaged reputation and business slowly slipping away, Photograph:  Aidan Crawley

Why did nobody stop for a second and say ‘Remember Greencore’?

The crunch factor in the Irish housing market is lack of supply – around 20,000 new homes were built last year, but we need 30,000 plus. Photograph: iStock

Smart Money: Plan for shared equity scheme proving controversial

People enjoying the fresh air at Portobello Harbour in the Grand Canal in Dublin last Monday.  Photograph: Nick Bradshaw/The Irish Times

Ireland should be in a position to meet – or beat– the new vaccination targets

Janet Yellen, the new US treasury secretary, has signalled that the US wants a deal on corporate tax in talks underway at the OECD. Photograph: AFP via Getty

Cliff Taylor: Coming weeks will bring lasting consequences for Republic

Derek Moran in 2013. Photograph: Alan Betson

Secretary general will depart in July, with his successor facing big economic challenges

New research s shows how the Covid-19 income supports were vital in maintaining incomes as many employers’ businesses remained closed.  Photograph: iStock

Smart Money: The economic hit has been unequal and this will become apparetn as supports wind down

A protest against sharp increases in the cost of motor insurance, 2016. Photograph: Dave Meehan

Judicial Council considering move, although some judges are thought to have reservations

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