Author: Practicenet

Ireland’s corporation tax will remain low and is a ‘non-issue’ despite fears that the European Union may move to increase the rate, the IDA chief executive Martin Shanahan has said. The IDA boss’ comments come after a thinly veiled threat from Fine Gael MEP Brian Hayes, who said that if the EU looks to increase […]

Ireland’s corporation tax will remain low and is a ‘non-issue’ despite fears that the European Union may move to increase the rate, the IDA chief executive Martin Shanahan has said. The IDA boss’ comments come after a thinly veiled threat from Fine Gael MEP Brian Hayes, who said that if the EU looks to increase […]

The confirmation of victory for the leave camp in the Brexit referendum is causing major disruption to financial markets and is set to have serious implications the Irish economy. The result is “unambiguously negative” for the Irish economy, according Phillip O’Sullivan, chief economist Investec Ireland. One sixth of all Irish exports go to the UK. […]

Analysis: In a few hours, everything has changed. This Irish goverment’s term will be dominated by the fallout So the nightmare has actually happened. With the decision of the UK to leave the European Union, Ireland now faces a series of consequences – and hard choices – in the short, medium and long term. Firstly, […]

Britain has voted to leave the European Union, the BBC said based on voter tallies from Thursday’s referendum, an outcome that would set the country on an uncertain path and deal the largest setback to European efforts to forge greater unity since World War Two. World financial markets dived as counting from 304 of 382 […]

Many of Ireland’s largest companies have seen their share price rocked this morning following the UK’s decision to leave the European Union. The Iseq has suffered a 12.73pc fall so far this morning with shares in Permanent TSB, Bank of Ireland, Paddy Power Betfair, and CRH amongst the worst hit. Shares in PTSB are down […]

UK retailer John Lewis is to enter the Irish market after securing an exclusive deal with Arnotts that will see the company occupy a section of the Henry Street store. The UK department store will take up around 2,000 sq ft of retail space in the Arnotts store, according to the Irish Times. As part […]

A third lender is to offer a cash incentive to home buyers in a bid to get them to take a mortgage out with it. EBS, which is part of AIB, is offering 2pc of the value of the mortgage drawn down when buyers take out a home loan with it. Bank of Ireland was […]

The Irish Data Protection Commissioner, Helen Dixon, is to “scope” a privacy audit of Apple in relation to a “very specific risk” that Apple device users are said to face. “We’ve identified a very specific risk,” said Ms Dixon. “This is something substantive that we want to look into. It’s a type of area for […]

Dublin is the second most expensive city for Eurozone for foreign workers to live in, according to a new study. Rises in rents have seen the capital rise 20 places in the last three years in the global study, released by consultants Mercer. Paris is the only Eurozone city ranked higher. “As the economy has […]