Department of Finance

More sustained IT downturn would have ‘severe implications’ for public finances, department warns

Department of Finance’s annual taxation report says up to €11bn of last year’s corporation tax revenue should be treated as ‘potentially transitory’.

The UK blew it on tax cuts, Norway invested it: what will Ireland do with its tax windfall?

What the UK and Norway did with their oil and gas wealth couldn’t have been more different. Both experiences provide valuable lessons for Ireland

McGrath puts pressure on banks to raise interest rates for savings

Minister says while he cannot dictate bank policy, he expects customers to be treated fairly

Officials warned McGrath sale of AIB shares would reignite debate on banker pay restrictions

Department of Finance officials said pay debate to kickstart as State’s holding fell below 50%

Auto-enrolment pensions scheme ‘on track’

Department of Social Protection insists scheme will be in place by second half of 2024 despite doubts of other players in pensions field

‘People treated me like a star but I was basically unemployed’: Irish actors seek better pay deal amid Hollywood strike

Actor and trade unionist who played role in Pirates of the Caribbean says he earned less than €10,000 from acting last year and has no pension of his own

Jack Horgan-Jones: Banks are making boom-time profits again. That’s a problem for politicians

The drumbeat of interest rate hikes from Frankfurt will make voters across the political spectrum increasingly cranky

Cliff Taylor: Is the Irish tech sector really facing a crisis?

If the sector treads water for a while, there will be some economic pain, but fears of a collapse are overstated

Officials fear for future of Ireland’s stock exchange after US listings by two big firms

Fears over ‘long-term decline’ as heavyweights CRH and Flutter list in US

Government departments hold pronouns workshops to support colleagues’ gender identity

Seminar provided ‘judgement-free space’ to ask questions about evolving terminology

State sets new record with €48bn tax revenue so far this year

Exchequer returns show tax revenue now running €4.3bn ahead of the same period last year

Insurance fraud and rising premiums: ‘People think they can get away with making outrageous claims’

Industry figures concede a lot of work is being done to reform the insurance sector in Ireland, but believe it’s not being done fast enough to prevent businesses from closing down

In the Department of Finance the glass is always half empty

This does not mean there will be nothing nice in the budget

Key pre-budget papers notable for what’s left out as much as what is included

Tax Strategy Group appears to have killed 30% income tax rate idea for now, while climate-change response more in focus

ICT sector has limited capacity to absorb more lay-offs, says Department of Finance

Sector was ‘bright spot’ over pandemic period but has moved towards underperformance, says department

More than 100,000 planning permissions lay dormant at end-2022, including 50,000 in Dublin

Department of Finance report links viability of apartment schemes to combination of issues such as rising interest rates and judicial reviews

The Irish economy has grown rapidly in recent years, how long can it continue?

Inside Business podcast with Ciarán Hancock

Surging tax revenues provide Government with war chest ahead of budget

Government Summer Economic Statement signals budgetary package of €6.4 billion for October’s budget

National Treasury Management Agency limits State exposure to higher market interest rates — for now

Corporation tax windfalls shielding agency from having to overly rely on international markets

Summer Economic Statement and half-year tax returns to set budgetary parameters

Minister for Finance Michael McGrath scrambling to keep lid on Government’s budgetary package

McGrath says budget to contain tax cuts even as ESRI sounds warning

Minister says RTÉ ‘maelstrom’ makes funding model decisions difficult

Forcing banks to refund victims of payment fraud ‘very complex’, finance official warns

New EU proposals stop short of extending right to refund to all victims duped into sending money to scammers

State’s AIB stake edges closer to key 50% threshold

Bank close to returning to majority private ownership for first time since financial crisis

Classic Catch-22 situation on access to ownership register

Corporation tax €2bn ahead of forecast, medicine shortages, and Deloitte adding 300 jobs in Cork

Business Today: the best news, analysis and comment from The Irish Times business desk

New tax incentives for SMEs should be included in budget to boost domestic businesses

To broaden our tax base and lessen our reliance on the multinational sector base, we need to strengthen indigenous business

Corporate tax receipts likely to be €2bn above forecast on back of increased iPhone sales

Rise in receipts to record €26bn linked to jump in contract manufacturing by several Irish-based firms

Government needs policy response to AI challenge for skilled workers - top official warns

Department of Finance chief economist says AI able to replace the most highly skilled jobs

Windfall tax targeting energy companies will not be enacted until autumn

Government defends length of time to introduce legislation saying speed of implementation ‘unprecedented’

McGrath dismisses suggestion of being ‘bullied’ over tax breaks in next budget

Varadkar pledges inflation-proofing tax measure as FG TDs call for tax reliefs of €1,000 for middle-income earners

Ex-Department of Finance official leads €100 trillion EU bond market transparency bid

Neil Ryan tapped to lead efforts to build central feed for bond trading in EU

Financial literacy should be taught in schools to give everyone the skills to succeed in life

Improved financial literacy levels would better equip young people to make sound financial decisions throughout the different stages of their lives

David McWilliams: Ireland’s choice is Ryanair-style growth or dull accountancy

Prudence is an affliction that affects many economists who seem to believe that saving money is the way to prosperity.

Ireland will avoid financial scrutiny under new fiscal rules, says watchdog

Irish Fiscal Advisory Council says the inflated nature of Ireland’s GDP figures mean we will easily comply with new framework

Crypto more like ‘Ponzi schemes’ than investments, says Makhlouf

Central Bank governor’s comments come weeks after EU voted in favour of sweeping regulations

Strong opposition likely within Government to restoring mortgage interest relief

Move would be ‘contrary to European Central Bank policy’ — a problem cited by several senior sources

Mortgage relief on agenda for budget after ECB rates rise again

Taoiseach Leo Varadkar signals move on restoring relief to mortgage holders shouldering increased borrowing costs will be considered by Government

Exchequer returns: €4.4bn in tax receipts collected in April with income tax the star performer

Income tax receipts were 12.5% higher last month than they were in April 2022

The €65 billion question: how to spend the massive budget surplus

In the News podcast with Bernice Harrison

Splurging the corporation tax windfall in exchange for votes would threaten the nation’s future

By delaying the gratification from spending the bonanza today, the State will get much better value for money

YOU MAY ALSO LIKE...
The Irish Times ePaper

France 2003

Rugby World Cup: match analysis, interviews, fixtures and results

Stardust

Inquests into the nightclub fire that led to the deaths of 48 people