Businesses set for €6.5bn rescue package to save economy from collapse
Companies to have commercial rates bills written off up to €10,000
Businesses are set to get a €6.5 billion bailout package in a bid to stave off the risk of a complete collapse in the economy resulting from the Covid-19 pandemic.
The package has received a broad welcome from business groups, but a crucial €2 billion credit guarantee fund cannot be set up until a new government is formed.
Speaking to the Business Post, Minister for Finance Paschal Donohoe signalled that the bailout package was the...
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Budget 2022: More than 400,000 new jobs to be added to the economy
Minister for Finance heralds ‘remarkable rebound’ in employment outlook
Analysis: What to expect on Budget day
There will be complaints from the opposition that the government has not gone far enough in raising the state pension and welfare payments while many workers will feel underwhelmed by increases of 2-3 per cent in income tax bands and credits worth around €250 per year on average
Government drafts new bill to reform limited partnerships after offshore revelations
The Pandora Papers show Irish Limited partnerships are used to make Ireland a ‘de facto’ offshore location for business in countries like Russia and Ukraine
Playing the percentages: Budget 2022 to reflect new reality of a changed game
Paschal Donohoe and Michael McGrath are receiving the usual entreaties from various interest groups, but this year the biggest factor of all is Ireland’s upcoming departure from a 12.5 per cent rate of corporation tax