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12
Oct
2015
9
Oct
2015

Irish Politics: Whether the next general election is held in November or March 2016 will not matter as we know that the familiar campaign template of boom, bust and recovery, will be in place with scraps on tax, welfare and public spending. We also know that apart from bromides in party manifestos, there will not be serious attention to preparing for long-term change by reform in governance, social and enterprise policies. It is what George H.W. Bush, then US vice president, called the "vision thing" in 1987, which he was often accused of lacking.

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8
Oct
2015

Half Ireland's population was paid public income supports in 2014 according to data from the Department of Social Protection and the European Commission. In 2014 2.22m people including dependents were in receipt of payments from the Department of Social Protection and there were 125,000 beneficiaries of the European Common Agricultural Policy.

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6
Oct
2015

Ireland & Beps Tax Reform: The final proposals of the OECD Beps (Base Erosion and Profit Shifting) project that were published on Monday, are expected to be ratified by the 19 leaders of the world's biggest advanced and emerging economies, at a G-20 summit next month in Turkey. There are many implications for Ireland including significant changes in the national accounts. For example reported services exports will plunge in coming years by up to 50% in value.

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4
Oct
2015
3
Oct
2015

On Monday (5 Oct) the Paris-based Organisation for Economic Cooperation and Development (OECD) will present its final Base Erosion and Profit Shifting (Beps) project corporate tax reform proposals and on Tuesday the Ecofin council of EU finance ministers, is expected to agree on the exchange of tax rulings between member countries. These commitments or so-called letters of comfort to multinational companies typically confirm the limits or exceptional tax advantages that they can be assured of in a particular country.

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2
Oct
2015

Today's Exchequer Statement for September 2015 shows that the position of the Exchequer continues to improve with the underlying Exchequer deficit in 2015 at €2.1bn compared to an underlying deficit of c. €6.1bn in 2014 (excluding all of the substantial one-off transactions). This equates to a year-on-year improvement of c. €4.0bn on the back of increased tax and non-tax revenue and reduced expenditure.

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1
Oct
2015

Reform at governance level in Ireland comes at glacial speed if at all. After decades of delay and in the final months of the 31st Dáil Éireann parliamentary term, the current Irish Government hopes to see the enactment of timid legal services reform proposals with further procrastination provided for in the legislation.

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1
Oct
2015

While business conditions in the Irish manufacturing sector improved again in September amid marked growth of new business, the rate of expansion in production slowed to a 19-month low. Meanwhile, input prices fell for the first time in seven months amid falling prices for oil-related products and other raw materials — Irish manufacturing prices track movements in the dollar/euro rate as American-owned firm dominate the sector.

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30
Sep
2015