Ireland and the USA: Strong Business Allies with Hopes for Trump
Ireland continues to bolster its ties with the United States, placing particular importance on business relationships, especially in light of the potential return of Donald Trump to the political stage. The head of the Irish government, Liam Farrell, expressed his optimism during breakfasts with high-profile American businessmen, indicating that Irish businesses are keen on continuously expanding trade with the U.S.
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Ireland Faces Housing Crisis: Central Bank Calls for Construction of 52,000 Homes Annually
The Central Bank of Ireland has released a concerning report highlighting the need to build 52,000 new homes each year to address the acute housing shortage. This figure reflects the extensive problems in the country's real estate market, which is struggling with a lack of affordable and quality living spaces. According to official data, housing prices have risen by 40% in recent years, significantly outpacing the income levels of many citizens. This has also led to an increase in homelessness and a rise in renters facing escalating rents.
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Unexpected Apple Tax Payment: Significant Implications for Ireland
Recently, it became known that Apple made an unexpected tax payment of 1.2 billion euros in Ireland. This event has become a major sensation for the country, as it could serve as an important factor for its economy. Local authorities and business representatives emphasize that this payment may strengthen Ireland's reputation as a country with an attractive tax system.
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Apple Loses Battle Over €13 Billion Tax Bill in the EU
The tech giant Apple has found itself on the losing end after the decision of the European Union's Supreme Court regarding its tax obligations in Ireland. The court confirmed that the company cannot reclaim the sum of €13 billion, which was imposed by the Irish government following a ruling by the European Commission in 2016. This ruling marked the culmination of a long judicial process that began five years ago when the European Commission declared that Ireland had granted Apple illegal tax benefits, which led to significantly reduced tax payments by the company.
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Irish Budget: Possible Consequences for the Economy
According to a recent report from Ireland's financial supervisory authority, proposed fiscal measures in the upcoming budget could place pressure on the country’s economic stability. The Economic Oversight Council expressed concerns that the planned spending could lead to instability, considering current macroeconomic conditions and global economic risks.
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Ireland Achieves Credit Rating Upgrade Due to Strengthening Public Finances
Ireland has been awarded a credit rating upgrade by Scope Ratings. This change is attributed to the improvement of public finances and the country's robust economic growth. Analysts from the agency noted that Ireland features a strong budget position, which is becoming increasingly evident amid global economic challenges.
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