Despite repeated warnings about the potential once-off nature of corporation tax receipts and the concentration risk of having so few firms paying the bulk of the money, Ireland continues to hit the business tax jackpot.Revenue from the tax swelled to a record €23.8 billion last year, almost six times the amount garnered in 2014. It … Read more
Google’s European headquarters in Dublin, Ireland. Niall Carson/PA Images via Getty Images Ireland, despite its small land size and population, is among the wealthiest countries in the world. The island nation boasted a GDP per capita of $104,270 in 2023, according to the IMF, next only to Luxembourg and higher than the U.S., Switzerland, Singapore and … Read more
At the press briefing announcing the latest exchequer returns on Wednesday, the Department of Finance’s chief economist, John McCarthy, said his department estimated that about 50 per cent of the State’s €24 billion annual corporate tax take could be classified as “windfall” and potentially “non-recurring”.That means we’re accruing €12 billion in business tax receipts that … Read more
It all seemed too good to be true: a global campaign to stamp out tax avoidance and harmonize international tax rules for companies that operate across national borders.At the forefront of the transparency drive is a minimum tax rate for multinational corporations, no matter where they operate. No more exploiting tax loopholes and shifting profits to countries with … Read more
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Roberto Santos, a 55-year-old superfan of Taylor Swift, has received numerous gifts from the pop icon’s team for his long-standing devotion. Santos’ apartment room is filled with items such as a platinum disk award, signed photos, recordings, and sneakers bearing both their names. Despite not meeting Swift in person yet, Santos feels grateful for the recognition and values she has transmitted through her art. The Swift-themed Eras Tour has also had a positive economic impact on local economies, with hotel occupancy rates in Madrid reaching 90% on concert dates.
Twelve people were injured on a Qatar Airways flight from Doha to Ireland due to turbulence, but the plane landed safely. The incident lasted less than 20 seconds during food and drinks service.