Social Insurance Fund sinks to deficit of €1 2 billion rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
Minister for Finance Pascal Donohoe.
âThese figures suggest that, while companies have indeed managed to adjust to the realities of the pandemic, this adjustment for many reasons has not been enough to avoid companies experiencing losses,âMr Makhlouf said.
âPolicymakers have acted to support vulnerable businesses and, thankfully, the pandemic has not yet been characterised by widespread company failures, owing to the unprecedented level of direct fiscal support and creditor forbearance that is in the system,â he said, while noting the important role the SME sector as an employer in the economy.
Restrictions
Also speaking at the same event was Minister for Finance Paschal Donohoe, who said the Irish economy was less impacted by the current restrictions this time around because consumers and businesses have adpated and adopted workarounds.
Cabinet to hear US corporate tax reforms a significant challenge for Ireland Tánaiste expected to get Cabinet approval for law that would ban ticket touting and reselling for large events
about 2 hours ago
Corporate tax reforms planned by the United States represent a significant challenge for Ireland, Ministers will be warned on Tuesday.
Minister for Finance Paschal Donohoe is to bring a memo to the Cabinet meeting updating his colleagues on work being done at the Organisation for Economic Cooperation and Development (OECD) on the international tax framework.
However, it is thought he will outline the scale of the challenge to Ireland’s corporate tax policy posed by a set of corporate tax reforms planned by US president Joe Biden, which would impose a flat rate of tax on foreign earnings of multinationals.
More than a quarter of the Republicâs entire workforce was out of work last month, the latest figures from the Central Statistics Office (CSO) show.
The total number of people either on the live register or on the Pandemic Unemployment Payment (PUP) stood at 617,441 in March. This compared to 654,545 in February, which equated to a reduction of 37,104 people.
The unadjusted live register total for March was 183,096 people. This consisted of 103,283 men (56.4 per cent) and 79,813 women (43.6 per cent).
Of those on the live register for March, 20,302, or 11.1 per cent, were under 25 years of age, while 162,794 were 25 years of age and over.
Covid-19: Five crucial factors behind an economic recovery irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.