German chancellor Angela Merkel and French  president Emmanuel Macron in Brussels at the end of the EU summit focused on Brexit. Photograph: Ludovic Marin/AFP/Getty Images

Appalled by what has happened in London, many EU leaders now just want rid of the UK

A man with painted EU and British flags on his face is seen ahead of a EU Summit in Brussels. Photograph: Toby Melville/Reuters

EU agrees to give UK more time, but key House of Commons vote still due next week

Brexit: As always, a number of outcomes are possible. Photograph: EPA

Uncertainty could now last well into next week as the endgame plays out

Peter Mark hair salon on Grafton Street celebrates the reduction of the VAT rate on hairdressing to 9% in 2011.

Smart Money: The rise fed through to prices immediately – and so would Brexit tariffs

Minister for Finance Paschal Donohoe said that ‘given the concerns of our citizens I accept that we will have to make changes globally’.  Photograph: Chris Ratcliffe/ Bloomberg

Cliff Taylor: New move changing how big companies are taxed raises serious questions for Ireland

More than half of the Republic’s €1.4 billion beef exports go to the UK, and dairy would face tariffs too. Photograph: iStock

Irish beef could be priced out of UK market, dairy would also suffer

Jean-Claude Juncker, President of the European Commission,   welcomes British prime minister Theresa May in Strasbourg. Photograph: Patrick Seeger/EPA

Cliff Taylor on the Strasbourg deal, the Cox advice, the vote, and what happens next

A pro-EU demonstrator outside of the Houses of Parliament in London. Photograph:  Tolga AKMEN/AFP/Getty Images

With under three weeks until Brexit Day, anything could happen

Britain’s attorney general Geoffrey Cox. He is a lawyer sent to do a politician’s work to ensure the UK is not “trapped in the backstop”. Photograph: Reuters/Peter Nicholls

The UK worries about being “trapped” in a backstop – but can’t present an alternative

Would a change to the rules which allows Irish banks to write-off tax against losses   be shooting Irish taxpayers in the foot?

Smart Money: Banks and insurers will not pay up to €12bn in tax due on profits unless rules are changed

The big tech firms continue to drive demand for new office space, and the Dublin crane count remains high. In fact, while the whole economy would take a hit from a no-deal Brexit, Dublin would have a lot of insulation. It is rural Ireland which stands exposed

Cliff Taylor: Whatever happens we have seen the best of the bounce-back boom

Average weekly earnings were €761.65 in the fourth quarter of last year

The Smart Money: Irish wage growth is storming ahead - but issues remain

Conservative MP Jacob Rees-Mogg: ‘If it’s being delayed as a plot to stop Brexit altogether ... it would undermine our democracy.’ Photograph: Leon Neal/Getty Images

Mays says if MPs reject deal, they can vote on no deal and on extending article 50

In a document examining the impact on business of a no-deal exit, the UK government says that the cumulative impact from a no-deal on the Northern Ireland economy would be “more severe” in the North than elsewhere in the UK. Photograph: iStock

UK government committed ‘to avoiding a hard Border’ in any scenario

 Minister for Foreign Affairs and Trade Simon Coveney   outlining   plans for a no-deal Brexit at Government Buildings. Photograph:  Sam Boal/RollingNews.ie

Cliff Taylor: Government would need to embark on a major programme of assistance for the companies affected

 Les Reilly, the owner of Reilly’s Daybreak Store in the Naul, north county Dublin celebrates pictured with staff and customers after selling the winning €175 million EuroMillions ticket as David Woods (left) area rep with the National Lottery sprays the champagne. Photograph: Mac Innes Photography

Smart Money: why do lotto players ignore the odds? Economics has a surprising answer

The Irish beef market is particularly exposed to a no-deal Brexit, but the dairy industry could also face massive upheaval. Photograph: iStock

Reliance on UK market combined with tariffs and bureaucracy represent nightmare scenario

British prime minister Theresa May, EU chief Brexit negotiator Michel Barnier  and European Commission president Jean-Claude Juncker in Brussels. Photograph: Geert Vanden Wijngaert/AP

Euro-zone slowdown makes a Brexit extension more likely to be accepted by Europe

INMO members on the picket line outside St. James’s Hospital in Dublin. Photograph: Dara Mac Dónaill

Smart Money: public pay bill under pressure and looks set to remain that way

“The nurses are wrong to link their pay issues with the national children’s hospital overrun – one is a massive one-off, the other an ongoing bill.” Photograph: Brian Lawless/PA Wire

The health system swallows money without delivering any necessary improvements

The ballooning cost of the children’s hospital has placed the Government in a near impossible position of continuing in the face of huge extra cost, retendering or abandoning the project.

Smart Money: All the classic project overrun mistakes are evident in this debacle

Win any (pub) argument with our Brexicon. These pro- and anti-Brexit protesters outside the British parliament have definitely read it. File photograph: Peter Nicholls/Reuters

From Bino to Remoaner, we give you the essential tools to hold a Brexit pub conversation

Anti-Brexit posters displayed in Newry on the Northern Ireland Border. Photograph: Stephen Collins/Collins Photos

UK government establishes special group to look at alternatives to proposed backstop

The union says it has never asked for 12 per cent and disputes these figures as ‘spin’

Smart Money: There are four key economic questions behind the nurses’ strike

Trade experts say that technological solutions and advanced procedures can reduce the need for physical border controls and checks but not eliminate them. Photograph: Stoyan Nenov/Reuters

Cliff Taylor: Brexiteers see border issue as technical, for Ireland it is much more

Kit Malthouse, right – who gives his name to the Tories’ Malthouse compromise – and Boris Johnson in 2011. Photograph: Matthew Lloyd/Getty Images

Industry figures trash Tories’ reheated idea of technology plus checks away from Border

 For the moment, Minister for Finance Paschal Donohoe will not change his spending and tax plans – for this year anyway. File photograph: Dara Mac Dónaill/The Irish Times

Failure to reach agreement would reduce growth sharply, with rural Ireland exposed

Any successful amendments will not have the force of law, but will carry heavy political weight as a signal to Downing Street and Brussels of what kind of Brexit MPs are likely to approve. Photograph: Tolga Akmen/AFP/Getty Images

Four main strategies are being proposed - some more attractive to Ireland than others

At the World Economic Forum in Davos, Taoiseach Leo Varadkar said the Army might be needed at the Border following Brexit. Photograph: Gian Ehrenzeller/EPA

Taoiseach Leo Varadkar faces ultimate political call on Brexit

Markets appear to have chosen to take a positive view of the Brexit outcome  based largely on the view that the House of Commons does not support a no-deal Brexit. Photograph: Bloomberg

Smart Money: Is now a good time to make a big sterling purchase or should you wait?

Close to the Border between Dundalk, Co. Louth and Newry, Co. Down. Photograph: Dara Mac Dónaill

If UK imports chlorine-washed chicken from US, what stops it entering Irish and EU markets without checks?

We are entering a chaotic couple of weeks when all kinds of prospects will be floated, and all this as the clock ticks remorselessly on. We can only hope that these discussion are based on some kind of reality because both the Conservatives and Labour have so far done all  they can to duck the real choices. Photograph: Getty Images

The UK must provide the EU with a reason to extend article 50 and delay the exit date as working out a way forward in 10 weeks loo(...)

European Central Bank president Mario Draghi

Smart Money: Slowing growth outlook could prompt the ECB to delay its expected rate rise

UK prime minister Theresa May listens during a debate on a motion of no confidence. Photograph: AFP/Getty Images

Ten weeks left, the Commons is in chaos and the range of possibilities remains wide

If it all works out, then  Taoiseach Leo Varadkar will claim a political success. Photograph: Gareth Chaney Collins

Political stakes are high as Varadkar seeks to avoid no-deal Brexit while keeping the backstop

Workers entering the Intel facility at Leixlip, Co Dublin. The company is poised to announce a major investment in the facility. File photograph: Dave Meehan/The Irish Times

A legitimate question on the implications of an investment's temporary effects

A vacuum created by the lack of authority now characteristic of Theresa  May and Jeremy Corbyn is being filled by coalitions of MPs, who this week demonstrated that the House of Commons  is committed to block a no-deal Brexit. Photograph: UK Parliament/Mark Duffy/PA Wire.

European Commission clarifications unlikely to sway minds of DUP

Intel already has planning permission for a new 90,000sq m facility adjacent to its existing site in Leixlip, Co Kildare

Preparatory work seen as prelude to increasing capacity at Co Kildare plant

Is fuel in for a hammering due to increased carbon taxes?

Smart Money: Water charges fiasco has focused government minds

Taoiseach Leo Varadkar speaking to the media outside  Government Photograph: Niall Carson/PA Wire

The final desperate efforts to avoid a crash-out Brexit are about to get underway.

Time to look ahead to 2019, even if you don’t want to. Photograph: Getty

Smart Money: Brexit, world economy wobbles and interest rates are vital signs for 2019

Jean-Claude Juncker: the  European Commission president supported the new moves on tax policy in his state of the union speech last September. Photograph: Eric Vidal/Reuters

Move would meet strong opposition from the Government and from Irish businesses

The euro is now the currency of 340 million people in 19 countries and internationally meets the key criteria of wide acceptability as a means of exchange and as a store of value. Photograph: iStock

The first part of a series examines the trade-offs made in joining the single currency

“If a way is found to avoid a no-deal Brexit, then 2019 suddenly looks brighter for the economy, even with an international slowdown.”

The outlook for 2019 brings uncertainty to a new level as the world economy hits a turning point

Other exchequers jealously look at our soaring corporate revenues

Cliff Taylor: Contrasting approaches to tax bills show the delicate balance Ireland must strike

The Revenue Commissioners have given a notice of assessment to Perrigo, a pharma giant with its headquarters in Dublin.

Cliff Taylor answers all your questions

The tax bill relates to the sale by Elan of its interests in multiple sclerosis drug Tysabri in 2013 to Biogen for $3.25bn and also a share of future royalties

Claim relates to a row over the amount of tax paid on the sale of a stake in a major drug

The scene of the Roscommon eviction which has highlighted the huge debate about the issue of home repossession in Ireland.

Smart Money: Controversy in Roscommon puts focus back on how rules work in Ireland

Britain’s prime minister Theresa May visits the UK Border Force Command Centre at Terminal 5 in London Heathrow Airport on Wednesday.  Photograph: Niklas Halle’n/Reuters

The Government has taken the first steps in no-deal planning, but there is a lot still to do

The Revenue Commissioners have made plans for emergency medicines coming into the State to be fast-tracked at customs entry points after Brexit. File photograph: Jason Clarke Photography

Revenue makes plans to avoid disruption to supplies after UK’s exit from the EU

The National Competitiveness Council is worried about the State’s heavy dependence on the performance of a narrow base of firms. Photograph: Reuters

Latest competitiveness analysis is notable for its blunt conclusions

 Mark FitzGerald says the Government and the Oireachtas need to act to increase housing supply.

Developments must be ‘viable for the housebuilder and affordable for the consumer’

No-deal Brexit: about 60 per cent of medicines used in the Republic of Ireland travel through or come from the United Kingdom.  Photograph: Simon Dawson/Bloomberg

HPRA waives relabelling requirements as industry steps up no-deal preparations

‘In a no-deal scenario the UK would leave the EU at the end of March, and immediately become a ‘third country’ from the EU’s viewpoint, in other words one outside its customs and regulatory regime.’

Border checks would be essential in some capacity if the UK crashes out of the EU

Reunification is ultimately a political issue, of course, but economics is a big part of it.

Smart Money: Who would pay for a united Ireland economy and might other gains help pay the bill?

Britain’s prime minister Theresa May making a statement in the House of Commons in London on Monday. She told the house that a vote on the Brexit withdrawal bill will be deferred. Photograph: PRU/HO/AFP/Getty Images.

Cliff Taylor: UK prime minister is to seek ‘reassurances’ on Irish border, but no-deal risk is rising

Next year may be a year of reckoning. Let’s hope part of that is not due to a potentially chaotic no-deal Brexit. Photograph: Daniel Leal-Olivas/AFP/Getty

Trump policies and Brexit lurk as threats to Ireland while boost from global growth will weaken

Tory MP Priti Patel’s food shortage comments were criticised by EU agriculture commissioner Phil Hogan.

Exploiting shortages for political gain will ensure ‘starvation of British people’, Hogan says

Often when markets are getting edgy about the general outlook and share valuations, a specific event such as the Huawei arrest focuses their attention. Photograph: Getty Images

Irish market now down 24% on 2018 high point

Taxing matters: We pay a relatively high amount of income tax but a low amount of social security contributions by international standards. Photograph: iStock

Smart Money: New figures list Ireland as one of the lowest-taxed economies. But it’s not that simple...

Britain’s attorney general Geoffrey Cox reacting as the outcome of a vote on a motion to find Government ministers in contempt of parliament is passed. Photograph: Getty Images

British attorney general’s view in line with Irish analysis of how withdrawal agreement would operate

Cliff Taylor: And so we find ourselves up the same old cul-de-sac, facing the impossibility of the UK having all it wants from Brexit while still avoiding a hard Irish Border.

Cliff Taylor: Latest legal document highlights reality of the Irish Border backstop

Britain’s prime minister Theresa May is welcomed by Argentina’s president Mauricio Macri as she arrives for the G20 leaders summit in Buenos Aires:  Brexit debate is still based on a lack of reality about what might be available. Photograph: Marcos Brindicci

No one can say what happens next if Theresa May loses vote on her exit plan

A combination of Central Bank borrowing limits and cash in the market are limiting would-be buyers’ options. Photograph: iStock

Smart Money: the three key insights from the latest Central Bank report on affordability and house prices

Not pretty: Bank of England governor Mark Carney outlining the likely economic impact of a no-deal Brexit on Wednesday afternoon.   Photograph: Bloomberg

Latest analysis highlights the huge cost for Ireland of a disorderly, no-deal Brexit

An anti-Brexit protester waves an European Union  flag: the House of Commons looks likely to vote down the withdrawal agreement. Photograph: Chris Ratcliffe/Bloomberg

Helter-skelter months ahead for Brexit with significant uncertainty and turbulence likely

Daft recently calculated that the average supply of monthly rental properties is only a third of estimated demand. File photograph: Bryan O’Brien

Smart Money: Employees on average wages can’t afford to buy or rent, so is the jobs boom sustainable?

British Prime Minister Theresa May  outside  Downing Street, London on Thursday. Photograph: Andy Rain/EPA

EU, UK agree deal on ‘future relationship’. Sorry, what now?

DUP leader Arlene Foster and deputy leader Nigel Dodds. With no functioning assembly in the North and the Conservatives relying on the DUP to prop them up in government, the DUP view has got all the airtime. Photograph: PA Wire

Belfast could market itself as a unique destination for foreign direct investment, allowing a free flow of goods into both the EU (...)

The harder the Brexit, the worse it will be for Ireland.

Smart Money: As sterling swings and uncertainty rises, what does it mean for consumers and business?

Brexit was always going to be a negative for Ireland, so what we are talking about here is damage limitation. Photograph: Yves Herman/Pool/AP

There are positives to the proposed Brexit deal for the Irish economy if it goes through

The EU and the UK have reportedly agreed the main details of the withdrawal agreement. Photograph: Getty

Foster says NI trade rules being set in Brussels would be ‘democratically unacceptable’

Minister for Finance Paschal Donohoe. Does he accept the precedent of EU interference in our tax affairs and risk the backlash? Photograph: Donall Farmer

Paschal Donohoe hopes other countries will stay the course in opposing the French push for a new tax on big tech

EU and Irish sources say the original EU plan for the Irish backstop must also remain in the withdrawal agreement as a final fail-safe.

Assurances involve prospect of UK staying in customs union for post-Brexit period

Lending volumes shot up through late 2016 and early 2016 from low levels and have now topped out

Smart Money: are we seeing a temporary slowing in mortgage borrowing or something more fundamental?

Minister for Foreign Affairs Simon Coveney at the “Getting Ireland Brexit Ready” workshop at the Convention Centre, Dublin, last Thursday. Photograph: Clodagh Kilcoyne/Reuters

Decision due shortly on whether there will be a November summit on UK withdrawal

Bernard Byrne: leaving chief executive role at AIB for a deputy chief executive job at Davy. Photograph: Julien Behal

Frustration at bank salary caps ignores fact sector smaller than era of boom-time folly

Tongue in cheek? Leo Varadkar tweeted that the State would be ‘happy’ to offer financial help to the UK in the future.  Photograph: PA Wire

Smart Money: Leo Varadkar’s tweet raised eyebrows, particularly as we stil owe the UK €4m

Protesters participate in an anti-Brexit demonstration in central Belfast. File photograph: Clodagh Kilcoyne/Reuters

The transition period only kicks in if there is a Brexit withrawal deal

Taoiseach Leo Varadkar and UK prime minister Theresa May: If talks fail, we face new trading arrangements being introduced overnight. Photograph: PA

There is no magic solution to the Border issue and it is not clear whether there is any route to a compromise either

While the continued common travel area would allow free movement of people, goods would face different regulations. Photograph: Paul Ellis/AFP/Getty Images

Cliff Taylor: Businesses have faced uncertainty since the vote in the summer of 2016

Interest rates on the US and UK have started to rise and it is only a matter of time before the ECB follows suit. Image: Irish Times Graphics

Smart Money: ECB will start to raise rates in 2019. What will this mean for mortgage borrowers?

European Union’s chief Brexit negotiator Michel Barnier attends an EU General Affairs Council in Luxembourg, on October 16, 2018.Photograph: Yves Herman/Reuters

Donald Tusk has warned a no-deal Brexit is‘more likely than ever.’ But if it happens it could be chaotic

Plan A –  Denis Naughten, then minister for communications, announces details of the National Broadband Plan in April 2017. Photograph: Cyril Byrne

The Government has to make a call – it can’t let this broadband saga drag on and on

Minister for Finance Paschal Donohoe: What has he really done for single employees?  Photograph: Dara Mac Donaill

Smart Money: A typical PAYE single worker got €16 a week from last three budgets - many self-employed couples have got €40

“For spending to keep increasing at this rate, we need taxes to keep rising. If there is any sudden economic downturn, spending plans would, sooner or later, have to be adjusted.” File photograph: iStockPhoto

With extra resources to be poured into housing and health, overall in 2019 the tax burden on the economy will rise – with plenty o(...)

There is no immediate reason why companies would want to move their IP again out of Ireland

Move will restrict big companies transferring IP assets to other parts of their operations

Paschal Donohoe at the announcement of Budget 2019. Photograph: Collins

Cliff Taylor: Basic gains for taxpayers come in below €5 a week, though some will gain more

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

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

Photograph: iStock

Ministers are playing up tax reductions, but the extra cash is going to higher spending

Minister for Finance Paschal Donohoe: announced a change to his budget target for next year. Photograph: Donall Farmer

Exchequer benefits from late corporation tax surge this year, but needs new revenues for 2019

Just how do the super-rich do it? Photograph: iStock

Smart Money: High income PAYE taxpayers pay at a higher rate than the wealthiest

The problem for the Irish Government is that while UK membership of the customs union would suit us, the rest of the EU believes the UK should not be allowed to pick and choose

Irish firms face the prospect of rising business and economic uncertainty in the months ahead

Minister for finance Brian Lenihan addresses a press conference at Government Buildings following the bank guarantee in September 2008. Photograph: Mark Stedman/Photocall

Cliff Taylor: We must start managing our economy in defensive mode and hold on to gains

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.

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

Valère Moutarlier said the “jury was still out” on Ireland’s attitude, but that, if the tax was not agreed at EU level, individual member states would proceed on their own. Photograph: Francois Lenoir/Reuters

Political agreement expected by year end on interim arrangement, says head of tax directorate

The political decision has been made to hike spending – so the tax burden will not fall

Minister for Transport Shane Ross says he has nothing to do with the National Transport Authority’s new bus plan.  Photograph: Dara Mac Dónaill / The Irish Times

Cliff Taylor: Quangoland is back in business

Britain’s prime minister Theresa May arrives for a family photo during the European Union leaders informal summit in Salzburg. Photograph: Lisi Niesner/Reuters.

Smart Money: Everything you wanted to know about the Border question, but were afraid to ask

In the North,with no government in Stormont and the uncertainties of Brexit, investment is going to remain depressed. Photograph: Charles McQuillan/Getty Images

Cliff Taylor: Strategic thinking about the North’s economy is absent in Brexit debate

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