Accountants, tax advisers and banks will be forced to whistle-blow on clients or potential clients involved in tax avoidance schemes under new plans being finalised by the Government. They will be automatically forced to inform the Revenue Commissioners of schemes that exploit tax loopholes and allow wealthy individuals to slash their tax bills.
Ryanair boss Michael O’Leary has released a flurry of letters between himself and tanaiste Mary Coughlan that purport to chronicle how Government inaction ultimately cost Ireland 500 highly skilled jobs.
In the exchange last August published in The Sunday Independent, O’Leary claims that if Coughlan had been willing to act as mediator between Ryanair and the Dublin Airport Authority (which the airline refuses to have anything to do with), 500 aircraft maintenance jobs would have come to Dublin, instead of to Prestwick in Scotland.
What would you do if you find yourself in a business sector that is going down the pan? Get into one that isn’t, of course. Prominent estate agent Ken MacDonald and mortgage broker Frank Conway are about to launch a debt mediation service for troubled borrowers, The Sunday Business Post reports.
For an introductory fee of €495 and a flat fee of €45 a month Credecare, which is expected to advertise for staff this week, will act as an intermediary between creditors and debtors who find themselves in financial trouble.
The former Fine Gael TD and returning RTE journalist was ubiquitous in the Sunday papers, even though it has been almost a week since he announced his departure from politics.
Aside from the analysis of the fallout for the political system – a topic that every pundit seems to have a view on ad nauseum – there are a few attempts to try to report on the substance of George Economics.
It says much for the news values of the Irish media that a retail bank closure entailing 750 job losses and affecting tens of thousands of people across the country gains less exposure than the resignation of a backbench TD.
Still, there is a lot of coverage of the dramatic exit of Bank of Scotland (Ireland) in the business pages, where most commentators are happy to dance on the grave of their one-time hero.