From tariffs to oil prices and corporation tax, the ripples created by the US election have begun to make their way across the Atlantic. The Currency’s writers have been anticipating them.
US multinationals and their employees have grown into Ireland’s main source of tax revenue. Whoever gains control of Washington in Tuesday’s election will face a set of deadlines on the rules governing their transatlantic business.
The Government offers generous tax deductions for share-based pay and the cost of those schemes is spiralling. However, based on the current data, they are out of the reach of start-ups and small businesses, and are almost exclusively used by multinationals.
Sportsdirect.com Retail Limited, a British vehicle at the centre of Mike Ashley’s retail group, has initiated a judicial review case in the High Court against the Revenue Commissioners.
At 79, Wilbur Ross, dubbed ‘the King of Bankruptcy” on Wall Street, became the oldest-ever cabinet member when he served under Donald Trump. He talks about politics, business, and how he helped save one of Ireland’s biggest banks.
The recent budget was hailed as a giveaway with something for almost everybody but small businesses were the noted exception. The details of the Finance Bill have now confirmed this.
Disappointed by Budget 2025, hundreds in the hospitality industry protested in Dublin this Tuesday to make their voices heard ahead of the expected election. They say they're at breaking point.
Instead of focusing on the key issues for business, Brendan Murphy, a tax partner with Baker Tilly Ireland, said Budget 2025 just tweaked existing innovation schemes, many of which he argues are not functioning properly.
As promised, consolidating international profits in Ireland is becoming easier. The last frontier in making Ireland more tax-friendly to FDI is the treatment of interest – and that’s coming.
Part of the proceeds from the tax on fossil fuels is ring-fenced for social programmes, returning more to lower-income households than it costs them. What is missing is a “Paid for by your carbon tax” badge on the projects it funds.
© 2025 Currency Media Limited
