Search Results for 'Political economy'

Sinn Féin councillor Thérèse Ruane is calling for the abolition of the Universal Social Charge. Describing this tax as a grossly unfair and regressive tax, she will be seeking the support of her colleagues on Castlebar Town Council at next week's monthly meeting for its abolition.

Income Tax

In the first of a series of occasional articles on topical tax issues, Tom Donnelly, an independent, professional, tax adviser based in Castlebar, outlines the potential benefits of transferring a business to a company.

Sports and community groups are slow to become approved and use tax relief for donations to stretch funding.

That time of the year has come around again for getting your tax affairs in order. There are various taxes that need to be filed and paid in the coming weeks. They include the following:

Applicants for the second call of the employment subsidy scheme, a €70 million fund to assist in sustaining jobs have recently been notified as to whether or not they have been successful. Russell Brennan Keane’s clients are among the 2,590 businesses in Ireland that applied for support, and 80 per cent of applications made by the firm’s clients were successful. For many of these businesses it has proved to be a timely boost to cashflow with support of up to €9,100 per employee being secured.

Rent levels for retail premises in Galway city centre were unsustainable even before the economic downturn and continue to be a source of major concern for businesses, according to the Galway Chamber of Commerce which is calling on landlords to be more realistic.

Since free market capitalism imploded dramatically just less than 18 months ago, political pundits have been writing articles and publishing books saying how they saw the crash coming first.

Q I own a company which owns a rented retail unit worth approx €500,000. I want to give this property to my son but I don’t want him to have to pay cash into the company for it. What are the tax implications of this?

Q I own a company which owns a rented retail unit worth approx €500,000. I want to give this property to my son but I don’t want him to have to pay cash into the company for it. What are the tax implications of this?