The Eircom Employee Share Trust (ESOT), which owns 35% of the telco, is in talks with the Department of Finance to extend its tax breaks that are due to expire in 2014, according to The Sunday Times.
Posts Tagged ‘Personal finance’
The row rumbles on over the controversial pensions levy to fund the Government’s Jobs Initiative with stark warnings about a flight of capital from Irish banks as an unintended consequence.
Although Irish institutions now have to pay the best deposit rates in Europe just to maintain funds here, they are still falling behind soaring inflation.
Lawyers and actuaries are busy advising clients how to mitigate or even avoid the 0.6% pension levy according to Jill Kerby in The Sunday Times, who is telling people with private pensions to ask their trustees, administrators or advisers about the effect of the levy on their projected incomes in retirement.
The number of claims for tax relief on service charges has risen dramatically since the beginning of the year, according to The Sunday Business Post.