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Big business has delivered once again for the exchequer with another bumper November for corporation tax receipts putting the Government on course to exceed its budgetary targets for the year, despite ongoing softness in income taxes. And it appears we have a small number of large multinationals to thank. Eoin Burke-Kennedy has the details.
Jack Power reports that Poland will line up against Ireland and Apple in the appeal over whether the US tech giant owes €13 billion in back taxes. It’s a story that has emerged under Freedom of Information legislation.
Separately, Europe editor Patrick Smyth reports that finance minister Paschal Donohoe met competition commissioner Margrethe Vestager Monday to confirm the Government has finalised an agreement with Apple over the management of an escrow account into which its contested €13 billion tax bill will be paid. The account should be up and running by the end of March.
Kennedy Wilson has landed another landmark tenant for its Capital Docks development – online recruiter Indeed, which is growing its Irish workforce to 1,00 by 2019, writes Fiona Reddan.
In her media column, Laura Slattery suggests that the unfolding “content wars” between the likes of Netflix, Apple and Facebook means the ubiquitous social media network will soon be unrecognisable.
And if you are coming home for Christmas and wondering about the pros and cons of staying this time, Fiona Reddan runs through a number of practical issues you’ll want to consider.