Corporate Tax

Rugby star in court docket, corporate tax reform, new social plan

social plan

Leo Varadkar announced a new program to ensure workers who are laid off are not “left out of their pockets” for the time they have spent on pandemic support programs.

On Tuesday, the cabinet signed plans to restore workers’ right to file for layoffs and to take steps to ensure they don’t miss out on time spent on Pandemic Unemployment Benefit (PUP).

The right of employees to apply for dismissal in the event of a significant reduction in working hours was suspended during the pandemic amid fears that a flood of inquiries would cripple companies.

The government will now cover the statutory redundancy costs for this period with a maximum payment of up to € 1,860 per employee.

Rugby star in court

Former Irish rugby international Brendan Mullin is charged with fraud, misbooking and theft of nearly € 600,000 from the Bank of Ireland, where he held an executive position.

Mullin, 57, appeared in Dublin District Court Tuesday following an investigation by the Garda National Economic Crime Bureau (GNECB) into bank fraud allegations dating back a decade.

The former rugby star won 55 Irish caps between 1984 and 1995 before moving into the financial services sector and becoming Managing Director of Bank of Ireland Private Banking Ltd.

Corporate tax reform

The Minister for Public Spending has insisted that Ireland has yet to take a decision on whether to sign a new global tax reform agreement.

Michael McGrath said Tuesday at an event organized by the Institute for International and European Affairs that Ireland “will ultimately pass judgment when we have all the facts and information”.

Ireland

Cars, Rolex watches and € 51,000 in cash under the items …

Earlier, Tánaiste Leo Varadkar said a 12.5 percent change in corporate tax would have “no impact on the average Irish company”.

The government is continuing discussions with the Organization for Economic Co-operation and Development (OECD) on a proposed reform of global tax rules, which 130 countries have already signed.

Seizure of criminal assets

Cars, Rolex watches and € 51,000 in cash were among the notable seizures in a major operation by the Criminal Assets Bureau (CAB) that today involved 150 officers.

CAB conducted a search in Newbridge, County Kildare this morning, which resulted in the arrest of two men along with the seizures.

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