The job of a party leader is to galvanise the troops. The job of a finance minister is to put them on rations. Simon Harris will now have to marry these competing demands.
The country's financial services sector has thrived in spite of Brexit and Covid. Now, the Government needs to devise a strategy that will ensure the next Stripe or Revolut will grow from Ireland, not just within it.
For decades, underestimates of population growth have generated infrastructure deficits and unforeseen costs. The Department of Finance wants to grasp that nettle.
The Department of Finance has issued a number of recommendations to the Central Bank to support the funds industry. But, in not setting out the path for an Irish ISA, it missed a trick.
The Department of Finance review into the funds sector details a bustling industry home to many of the world's investment funds. However, the presence of the sector in Ireland has yet to spur a meaningful uptick in retail investing.
Enacted in 2015, the KDB provided tax breaks for companies doing research and development in Ireland. However, its use has been limited, and international tax changes mean it is no longer as attractive as it once was. The end could be in sight.
Replacing Michael McGrath with Jack Chambers represents a generational shift for Fianna Fáil. But with a budget and a general election looming, it is also a big political gamble by Micheál Martin.
Two years ago, officials warned about pension proposals allowing company owners "to avoid income tax" but the rule changes passed in the next budget. Now Revenue has sent PRSA concerns for "further examination" by the Department of Finance.
The Belfast-born magnate has been refused additional discovery orders in his long-running lawsuit against the minister for finance and former secretary general John Moran relating to his IBRC loans and contacts with the Barclay brothers.
Before an audience of investors, Minister McGrath set out his vision for the Department of Finance in 2024. His big theme: nurturing domestic companies and domestic investment.
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