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Tuesday 7 February 2023 Dublin: 6°C


Last year
# Transport
Ireland's 'car-dependent' transport system needs to change, says OECD
Improvements in fuel efficiency and electric vehicle use won’t be enough to bridge the gap for 2030 emissions.
# Environment
Global plastic waste will triple by 2060 according to OECD projections
In developing countries the use of plastic could increase five-fold.
# breadbasket of europe
Helping Ukraine harvest their wheat crop will help mitigate food challenges ahead, says OECD Sec Gen
Ukraine’s agriculture minister thinks they will be in a position to have a seeding program this year.
All time
# corporate tax rate
Paschal Donohoe 'confident no one will undercut us' after Ireland adopts 15% corporate tax
Donohoe said the new rate will allow Ireland to continue to be competitive and an ‘attractive’ place to invest
# Corporate Tax
OECD hails 'major victory' as 136 nations join global tax deal
The deal will increase the State’s corporate tax rate for large companies to 15%.
# a slice of the pie
Ireland's decision to sign up to global corporate tax rate praised as 'momentous'
Christian Aid questioned whether companies would pay the 15%, and said the minimum rate “is not something to be celebrating”.
# Multinationals
Corporate tax to increase from 12.5% to 15% as Ireland agrees to back global reforms
The new rate will apply to companies with a turnover of over €750 million.
The new rate will apply to companies with a turnover of over €750 million with SMEs paying 12.5%.
Until today, Ireland was among a handful of states that had not agreed to the OECD-led plans.
The new tax regime could be in place by 2023.
Explainer: Why is Ireland about to raise its corporation tax rate from 12.5% to 15%?
# Taxing matters
Explainer: Why is Ireland about to raise its corporation tax rate from 12.5% to 15%?
It could be 2023 or 2024 by the time the new rules are actually implemented.
After months of negotiating, the Government is expected to sign Ireland up to a new 15% global minimum rate of corporation tax.
There is considerable uncertainty about what the changes will mean for the Irish economy and public finances.
But it could be 2023 or 2024 by the time the new rules are actually implemented.
Ireland's corporation tax receipts set to take a hit under new rules and fall by up to €2bn
Ireland's corporation tax take expected to rise again this year, but Donohoe admits it can't be relied upon in future
# Corporation Tax
Phrase 'at least' being removed from draft OECD tax deal
The government said today that no decision has yet been taken on whether Ireland will sign up.
# 12.5 per cent
Taoiseach says he won't make commitments ‘one way or the other’ to companies about corporation tax rate
The Finance Minister told the European Commission it is “not appropriate” at present for Ireland to sign up to the deal.
# Taxing matters
Amid pressure on Ireland, Donohoe 'won't speculate' on future position on corporation tax
In its Summer Economic Statement, the Government has revised Irish growth projections upwards.
# Taxing Issues
Under pressure to commit Ireland to corporation tax hike, Donohoe meets with US Treasury secretary Yellen
One of just three EU member states to oppose the international agreement
# A taxing matter
Ireland is holding out on the historic global deal on corporate tax. Why? And at what cost?
Ireland is one of just nine countries out of 139 to reject the deal.
# Your Say
Poll: Should Ireland increase its corporate tax rate?
130 countries have agreed a global tax reform on corporation tax but Ireland wasn’t among them.
Global corporation tax reform deal backed by 130 nations - but not Ireland
Global companies would be taxed at a rate of at least 15% if the deal is implemented.
# taxing matter
Higher, more progressive taxes could be needed to fund future government spending, says ESRI
Unwinding ‘questionable’ tax reliefs that distort the property market could also be considered.
# no return
Taoiseach: 'Water charges will not be coming back'
The OECD has suggested the government reconsider the issue of domestic water charges.
# ireland inc
'A 30-year race to the bottom': Why might the Biden global tax plan spell trouble for Ireland's entire economic model?
A proposed global minimum rate of corporation tax could undermine Ireland’s advantage.
The Biden administration has recommitted the US to global tax reform talks.
American wants a 21% global minimum rate of corporation tax.
Ireland's famous 12.5% rate looks likely to come under severe pressure.
# Cerrejón mine
ESB referred to OECD over importing coal from north Colombian mine
A charity has submitted a formal complaint about the ESB allegedly breaching its human rights commitments.
# Corporation Tax
Biden administration could 'heighten' US engagement on global tax reform, says Paschal Donohoe
Donohoe was speaking at the launch of an update to Ireland’s corporation tax roadmap.
# Literacy
Cross-department approach could help tackle Ireland's rate of illiteracy - report
About 18% of Irish people aged 16 to 65 are at or below level one on the five-level literacy scale.
# Education
How are Ireland's 15-year-olds doing in school compared with the rest of the world?
Ireland’s students among top performers in reading, science and maths, but are more dissatisfied with their lives.
'Urgent need for living wage': 23% of workers in Ireland are on low pay
Sinn Féin has said that the Living Wage of €12.30 an hour needs to be introduced.
Have €42,500? That's the amount of public debt hanging over the head of every person living in the State
Minister Paschal Donohoe said prudent management of the public finances in needed.
Ireland should provide universal healthcare and link social benefits to earnings - report
OECD economic surveys of member countries take place around every two years.
Ireland's teen suicide rate is the fourth highest in the EU
A new report suggests that the self-reporting of mental health issues among teenagers here is worryingly high.
# factcheck
FactCheck: Is Willie O'Dea right to say Ireland has the highest child poverty rate in the OECD?
The Fianna Fáil TD made the bold claim earlier this week in an interview with a local newspaper.
# teenage drinking
Around one in every six Irish 15-year-olds have "exprienced drunkeness" at least twice
A report by the OECD found that 16% of Irish teens admitted to being drunk on two occasions.
# Bottoms Up
Women have caught up with men's drinking habits
That’s according to new research undertaken in western countries.
# Unemployment
Ireland has the highest rate of young people receiving benefits across 35 countries
A recent report compared and measured the experience of youth across OECD member states.
# Missing Out
One-third of Irish children miss out on housing, heating and good meals
This data comes as part of a Unicef study into material deprivation across OECD countries.
# Awkward
The OECD apologises for St Patrick's Day tweet about alcohol abuse
# New Rules
These countries are set to cosy-up over tax information
Information exchange between 31 OECD nations is set to start next year.
# Alcohol
Men told to limit themselves to six pints a week
New advice from British medical officers warned regular drinking increases the risk of developing cancer.
# not coming home
The economy may be on the up, but one in six people born here still live abroad
The ‘brain exchange’ of both highly-educated emigrants and immigrants remains a significant threat to an Irish recovery according to a new report.
# Deja Vu
These are 5 things that could wreck Ireland's economy all over again
The OECD has a lot to say about where the country is headed in its latest survey.
# changing attitudes
Immigrants in Ireland are better educated than native-born nationals
New figures from the European Commission and the OECD found that 48% of immigrants in Ireland have studied at third level.
# booze
When it comes to alcohol abuse, the Irish aren't the worst in the world
We’re actually the fourth worst, according to a new report.
# Money Money Money
The Irish minimum wage? It could be worse, you could live in Mexico...
Ireland’s low pay standard finishes quite high up the OECD rankings.
# Mea Culpa
'We have made mistakes in the past' - Michael Noonan talks taxes
But he says Ireland has been “caught in the crossfire” of sniping between the EU and US multinationals.