Tax trends in the OECD

By Sean Whelan, Economics Correspondent The OECD has been looking at the impact of the economic and financial crisis on taxation. It’s part of their regular “Revenue Trends” series, with tax data going back to 1965. So what does it tell us?

Draghi drags feet on QE

By Economics Editor Sean Whelan So, no quantitative easing this month – no surprise there. But the European Central Bank news conference by Mario Draghi was peppered with references to QE, and a statement from the ECB president that a decision may be taken on using QE early in 2015. Which, in the long march of the ECB towards QE, counts as another nudge forward.

Broadband plan must deliver for rural Ireland

    By Will Goodbody, Science & Technology Correspondent Rural dwellers and business people could be forgiven for greeting today’s news of yet another plan to roll out state subsidised high-speed but affordable broadband to the non-commercially covered areas with a snort of disillusionment. After all, this by some counts is the fifth such version of a plan which has time and time again failed to deliver a satisfactory result or indeed in some cases any service for thousands of …

Noonan pricks the bubble in AIB shares

By David Murphy, Business Editor  You may have heard of somebody talking up shares, but talking them down is less frequent. That is what Finance Minister Michael Noonan has been doing by describing AIB’s stock as “overvalued” and attempting to prick the bubble in the share price.

Communications breakdown hobbles Irish Water

Here is a question – how much of the Irish Water controversy can be explained by poor communications and the failure to convincingly convey its strategy? As the Government prepares to unveil its new package of sweeten the bitter pill of water charges next week, it should also consider the company’s public relations. Contrast the water demonstrations to the reaction to the property tax. There are no protests about the levy on homes, people get nothing in return for paying …

Fear and loathing on mortgage arrears

The fear and loathing over the Central Banks plan to impose an 80% Loan-to-Value limit on mortgage lending is somewhat overdone. 

Five Things I’ll Remember About Web Summit 2014

  By Will Goodbody, Science & Technology Correspondent The Web Summit is over for another year. The three day event was broadly speaking a tremendous success for the organisers, the tech community here in Ireland and the wider economy. Time will tell what business was actually done at and around it. But anyone who was in Dublin City over the last week, couldn’t but have noticed the buzz, the people, the packed restaurants and bars, and the smiling visitors. There …

The ECB letters

by Sean Whelan Economics Correspondent The ECB is today examining the release for publication of four letters between Jean Claude Trichet and Brian Lenihan.  The letters are from the period October – November 2010, a particularly fraught time for the Euro area in general, and the Irish government in particular. One of these letters contained an overt threat from the ECB governing council that it would stop funding the Irish banking system if the government refused to go into an …

Tony O’Reilly – the Real Deal

By Business Editor David Murphy For decades Tony O’Reilly was Ireland’s richest man. He was eulogised as the ultimate Renaissance man: a sporting hero, marketing tycoon and philanthropist. But in June this year, his run of good fortune came to an abrupt halt when State-owned AIB appointed a receiver over some of his assets.

Web Summit – it’s back!

By Will Goodbody, Science & Technology Correspondent If technology isn’t your thing then you should probably head off on holiday for the next few days. Because Web Summit is back, and it’s bigger than ever. Which means that over the coming week you are going to be hearing an awful lot about it. About what the next big things in the world of technology are likely to be. About which company is next likely to be bought or floated on …