With imminent elections primed to transform the European political landscape and an Irish economy humming along nicely, hitting the fiscal accelerator was unnecessary. But with debt levels low, Ireland is in a strong position to handle any bond market woes.
Budget 2027 put household finances centre stage, but Minister for Enterprise, Tourism and Employment Peter Burke argues that its enterprise measures are spread throughout the package, from €1bn for scaling companies to changes in CGT.
The Government faces another health overrun and promises income tax cuts in the budget. But where do these numbers rank among European peers’ for each man, woman, and child?
Details of the multi-million euro Revenue settlement emerged in the Comptroller and Auditor General’s latest audit report. Further penalties are expected for PAYE liabilities for 2021 and 2022.
Ireland can afford to spend more today. The harder question is whether it will retain enough firepower for the next downturn.
We already know much of what will be in the budget. What won’t be, however, is a delayed reform of Ireland’s tax regime for corporate debt interest.
The public is paying more tax, the state is spending more money and businesses are increasingly frustrated. Budget 2027 should be about broadening the tax base and lowering rates.
PwC tax policy lead Peter Reilly argues that Ireland needs to use its record corporation tax receipts to invest in the infrastructure, innovation, and tax reforms needed to compete for the next generation of investment.
Sir John Griffin, founder of UK private car service Addison Lee, tried to argue he was domiciled in Ireland for UK tax purposes. A tribunal judgment handed down this week did not find in his favour.
W&R Barnett is one of the largest privately held agribusinesses in the UK and Ireland – and the first to avail of an exemption from new EU financial transparency obligations.
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