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One third of business leaders say Covid has changed required skills sets

Nearly a third of business leaders say the requisite skills and experience on the board of their organisation have changed during the Covid-19 pandemic. This is according to the latest Director Sentiment Monitor research, published by the Institute of Directors (IoD) in Ireland today. The monitor also found that business leaders identify increased demand over …

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Donohoe and Yellen hold ‘constructive’ corporate tax talks

Minister for Finance Paschal Donohoe has spoken with the US Treasury Secretary Janet Yellen about the current OECD process that aims to reform global corporation tax rules. Mr Donohoe described the call as “constructive” and said that he and Ms Yellen had agreed to stay in contact. “The ultimate ambition for us all is to …

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British Irish Chamber calls for ‘Shared Islands Fund’ to reboot UK-Ireland economic relationship

The British-Irish Chamber of Commerce has called for the establishment of a “Shared Island Fund” to help boost the economic relationship between Ireland and the UK post-Brexit. In its pre-budget submission, the Chamber said the fund could help traders and encourage research partnerships. It also called for targeted supports for agri-food firms, and the expansion …

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More work needed on insurance, legal competition issues – NCPC

Issues around the cost of insurance, legal services and credit have not received the urgent attention required to support competitiveness and productivity. That is according to the state’s competitiveness watchdog, the National Competitiveness and Productivity Council (NCPC). The Council also says the cost of pension auto enrolment and statutory sick pay need to be balanced …

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Taxing times for Government as corporation tax decision looms large

When Paschal Donohoe gets to his feet on October 12th to deliver the Budget, watch out if his speech contains a key line. Last year he said: “…I would like to take this opportunity to again reaffirm Ireland’s commitment to the 12½ per cent corporation tax rate.” This year, by Budget Day, we may know …

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Continued support needed for tourism sector – minister

The tourism sector will not be “healed overnight” and will continue to need support as recovery continues, Minister Catherine Martin has said. Minister Martin was speaking at an in-person conference organised by Fáilte Ireland. The event, at Dublin’s Convention Centre, is part of a drive to attract business conferences, events and meetings back into Ireland …

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Advantages of remote working should not be lost – Forsa

The largest public service union here will begin negotiations with the Government later this week on the future for working – post pandemic. The head of communications of Forsa, which represents around 80,000 public and civil servants, said the union wants to build on the momentum of remote working that was forced upon employees as …

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Government to help those struggling with increasing fuel bills – Ryan

Minister for the Environment, Climate and Communications Eamon Ryan has said the Government will have to look at similar and potentially larger measures in this year’s Budget to support those struggling to pay fuel bills because of rising energy costs. Speaking on RTÉ’s News at One, Minister Ryan said these rising energy costs are as …

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Govt in ‘constructive’ talks with OECD on corporation tax

The Government are engaging in “constructive” discussions with the Organisation for Cooperation and Development on corporation tax, the Taoiseach has said. Earlier this year the OECD said that 130 countries and jurisdictions have signed up to a plan that will bring sweeping new reforms to global corporation tax rules. Ireland was not on the list …

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Thousands begin return to office as Covid-19 measures ease

Tens of thousands of workers across the country will begin returning to their offices and places of work from today, as Covid-19 restrictions ease further. Rules around organised indoor group activities are also being relaxed, while limits on outdoor group activities for participants are being removed. The changes come some 18 months after non-essential workers …

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Public services a priority in Budget 2022 – McGrath

Minister for Public Expenditure Michael McGrath has said there will be a number of key objectives in framing Budget 2022. Speaking on RTÉ’s This Week programme, Mr McGrath said that it includes the priority of public services being able to resume in “as normal a way as possible” after a difficult 18 months and people …

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EU Economy Commissioner confident Ireland will sign up to new tax deal

The EU’s Economy Commissioner has said he is confident there is “a chance to find a shared way” that would see Ireland sign up to a global tax agreement that would see the corporate tax rate increase to 15%. Paolo Gentiloni told Morning Ireland that he knows how challenging the issue is for Ireland. The …

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Consultation launched to strengthen rights of employees

A new consultation has been launched on strengthening the rights of employees in Ireland. Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar is seeking views on an EU directive on employment law. One of the considerations is putting limits on the length of probation people have to serve when starting a new job. …

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State will spend €41bn on pandemic supports, report finds

The State will end up spending €41 billion on pandemic supports, according to a paper from the Tax Strategy Group. The paper also says future changes to the Employment Wage Subsidy Scheme (EWSS) will require an employer to make a contribution to employee wages. The Tax Strategy Group (TSG) is made up of civil servants …

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Staff shortages affecting hospitality industry

Hospitality was one of the industries worst affected by the Covid crisis, or to put it in the words of Adrian Cummins of the Restaurant Association of Ireland, “It was economically flattened”. Hotels and restaurants have had to navigate lockdowns and restrictions and Covid safety guidelines, but as they reopen, they are facing another challenge …

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Property price growth hits 3 year high of 8.6% – CSO

Residential property prices rose on an annual basis by 8.6% – the fastest annual pace in three years – in July, according to the latest figures from the Central Statistics Office. The figures also show that the number of property transactions is now back to pre-pandemic levels. Today’s figures from the CSO show not only …

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11% of investors hold crypto-assets, including Bitcoin

Most investors are ‘going digital’, with new research revealing that 56% of those surveyed make investments online. The survey commissioned by the Competition & Consumer Protection Commission (CCPC) reveals that almost 80% said they invest for better long-term returns on their money. Meanwhile, almost half were motivated to invest due to current low interest rates. …

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Family businesses plan to hire more staff

Family run businesses employ nearly 1 million people in Ireland – and collectively are one of the biggest employers in the country. The National Family Business Sentiment Report 2021 shows that they want to employ more people. Eight out of 10 family businesses hope to hire new employees in the coming 12 months if there …

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