Syndicated News

23 Jan

Irish tax system best in EU at reducing inequality – ESRI

Research by the Economic and Social Research Institute has found that the Irish tax system does more than any other system in the EU to redistribute income and reduce inequality. It also found that raising the point at which taxpayers pay the higher rate of tax, or abolishing the Universal Social Charge, would both favour those

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23 Jan

ECB to launch review that will redefine its mission and tools

European Central Bank President Christine Lagarde is set to launch a broad review of the bank’s policy today that is likely to see her redefine the ECB’s main goal and how to achieve it.  The ECB has fallen short of its inflation target of just under 2% for years despite increasingly aggressive stimulus measures under

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23 Jan

Digital tax should be dealt with multilaterally – IDA chief

The chief executive of IDA Ireland has said it is hard to see how a digital tax makes sense. Speaking to RTE News in Davos at the World Economic Forum annual meeting, Martin Shanahan said Ireland believes the issue should be dealt with on a multilateral basis through the OECD. His comments came just hours

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22 Jan

Home building levels reach 10 year high – Goodbody

21,500 new homes were completed last year, according to new analysis from stockbrokers Goodbody, up 19% on the figure for 2018. The increase marked the highest rate of growth in a decade and is nearly five times greater than the 2013 trough of 4,575. However it still sits below the 34,000 units that the Central

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22 Jan

Ireland has fifth largest number of billionaires per capita – Oxfam

A new study has found that Ireland has the fifth largest number of billionaires relative to its population of any country in the world. The report, produced by Oxfam ahead of the start of the World Economic Forum in Davos, claims that with 17 billionaires, most of whom are men, Ireland is mirroring the global trend

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22 Jan

ComReg cuts 1800 Freephone services costs for businesses

ComReg is introducing measures that will reduce the costs for businesses and charities offering ‘1800’ Freephone numbers to users of their services.  Calls to 1800 Freephone numbers are free to the caller, but it has been very costly for business and organisations who offer services and helplines over such numbers to provide such services.  ComReg

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21 Jan

Dublin Port reports strong growth in EU trade volumes

Dublin Port Company has again reported record growth figures for 2019 as trade with the European Union countries experienced strong growth.  Volumes on Ro-Ro (Roll-on/roll-off) and Lo-Lo (life-on/lift off) services to Continental Europe grew by 10.7%, but UK volumes fell by 0.2%.  Dublin Port reported growth in unitised volumes (both Ro-Ro and Lo-Lo combined) of

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21 Jan

EU/US trade talks ‘off to good start’

European Union trade commissioner Phil Hogan said his meeting with senior US officials marked a “good start” to resetting trade ties with Washington, but there was more work to do. Hogan told reporters he had a good exchange of views with US Trade Representative Robert Lighthizer several times during his visit, and underscored Brussels’ desire

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21 Jan

Interest rate hike in state’s home loan scheme

The Government has sharply increased the rate of interest it will charge future first-time home buyers availing of its Rebuilding Ireland Home Loan scheme. As a result of the changes, the 25-year fixed rate has increased to 2.745% from 2%, while the 30-year fixed rate has risen to 2.995% from 2.3%. The move means those

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20 Jan

Dublin Port’s trade with Europe spikes as Brexit takes toll on UK

Volumes through the country’s busiest port indicate a shift from the UK to a growing trade with the continent. Figures from Dublin Port show volumes to Britain fell by 0.2pc last year, while volumes on services to continental Europe grew 10.7pc. Dublin Port trade volumes hit another record in 2019. The port, whose traffic was

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