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class="b-header-nav-chain__subsection-menu" id="header_sub_section_sport"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/sport/rugby" aria-hidden="true" tabindex="-1">Rugby</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/sport/six-nations/" aria-hidden="true" tabindex="-1">Six Nations</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/sport/gaelic-games" aria-hidden="true" tabindex="-1">Gaelic Games</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/sport/soccer" aria-hidden="true" tabindex="-1">Soccer</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/sport/golf" aria-hidden="true" tabindex="-1">Golf</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/sport/racing" aria-hidden="true" tabindex="-1">Racing</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/sport/athletics" aria-hidden="true" tabindex="-1">Athletics</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/sport/boxing" aria-hidden="true" tabindex="-1">Boxing</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/sport/cycling" aria-hidden="true" tabindex="-1">Cycling</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/sport/hockey" aria-hidden="true" tabindex="-1">Hockey</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/sport/tennis" aria-hidden="true" tabindex="-1">Tennis</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/your-money" aria-hidden="true" tabindex="-1">Your Money</a><button aria-expanded="false" aria-controls="header_sub_section_your-money" aria-label="Show Your Money sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_your-money"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/tags/pricewatch" aria-hidden="true" tabindex="-1">Pricewatch</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/budget/" aria-hidden="true" tabindex="-1">Budget 2025</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/crime-law" aria-hidden="true" tabindex="-1">Crime & Law</a><button aria-expanded="false" aria-controls="header_sub_section_crime-law" aria-label="Show Crime & Law sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_crime-law"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/crime-law/courts" aria-hidden="true" tabindex="-1">Courts</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/property" aria-hidden="true" tabindex="-1">Property</a><button aria-expanded="false" aria-controls="header_sub_section_property" aria-label="Show Property sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_property"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/property/residential" aria-hidden="true" tabindex="-1">Residential</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/property/commercial-property" aria-hidden="true" tabindex="-1">Commercial Property</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/property/interiors" aria-hidden="true" tabindex="-1">Interiors</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/food" aria-hidden="true" tabindex="-1">Food</a><button aria-expanded="false" aria-controls="header_sub_section_food" aria-label="Show Food sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_food"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/food/drink" aria-hidden="true" tabindex="-1">Drink</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/food/recipes" aria-hidden="true" tabindex="-1">Recipes</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/food/restaurants" aria-hidden="true" tabindex="-1">Restaurants</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/health" aria-hidden="true" tabindex="-1">Health</a><button aria-expanded="false" aria-controls="header_sub_section_health" aria-label="Show Health sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_health"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/health/your-family" aria-hidden="true" tabindex="-1">Your Family</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/health/your-fitness" aria-hidden="true" tabindex="-1">Your Fitness</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/health/your-wellness" aria-hidden="true" tabindex="-1">Your Wellness</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/health/your-fitness/get-running" aria-hidden="true" tabindex="-1">Get Running</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/life-style" aria-hidden="true" tabindex="-1">Life & Style</a><button aria-expanded="false" aria-controls="header_sub_section_life-style" aria-label="Show Life & Style sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_life-style"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/fashion" aria-hidden="true" tabindex="-1">Fashion</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/tags/beauty/" aria-hidden="true" tabindex="-1">Beauty</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/fine-art-antiques" aria-hidden="true" tabindex="-1">Fine Art & Antiques</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/gardening" aria-hidden="true" tabindex="-1">Gardening</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/people" aria-hidden="true" tabindex="-1">People</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/travel" aria-hidden="true" tabindex="-1">Travel</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/culture" aria-hidden="true" tabindex="-1">Culture</a><button aria-expanded="false" aria-controls="header_sub_section_culture" aria-label="Show Culture sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_culture"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/art" aria-hidden="true" tabindex="-1">Art</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/books" aria-hidden="true" tabindex="-1">Books</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/film" aria-hidden="true" tabindex="-1">Film</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/music" aria-hidden="true" tabindex="-1">Music</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/stage" aria-hidden="true" tabindex="-1">Stage</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/tv-radio" aria-hidden="true" tabindex="-1">TV & Radio</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/environment" aria-hidden="true" tabindex="-1">Environment</a><button aria-expanded="false" aria-controls="header_sub_section_environment" aria-label="Show Environment sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_environment"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/environment/climate-crisis" aria-hidden="true" tabindex="-1">Climate Crisis</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/technology" aria-hidden="true" tabindex="-1">Technology</a><button aria-expanded="false" aria-controls="header_sub_section_technology" aria-label="Show Technology sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_technology"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/technology/big-tech" aria-hidden="true" tabindex="-1">Big Tech</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/technology/consumer-tech" aria-hidden="true" tabindex="-1">Consumer Tech</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/technology/data-security" aria-hidden="true" tabindex="-1">Data & Security</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/technology/gaming" aria-hidden="true" tabindex="-1">Gaming</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/science" aria-hidden="true" tabindex="-1">Science</a><button aria-expanded="false" aria-controls="header_sub_section_science" aria-label="Show Science sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" 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class="b-flex-chain__grid-container b-flex-chain__grid-container__12 gap" style="--c-stack-gap:var(--global-spacing-0)"><div class="c-stack grid-item " data-style-direction="vertical" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap"><div class="c-grid b-it-overline-block"><div class="c-stack wrap" data-style-direction="horizontal" data-style-justification="start" data-style-alignment="start" data-style-inline="false" data-style-wrap="nowrap" style="--c-stack-gap:0"><span class="c-stack b-it-overline-block__text" data-style-direction="horizontal" data-style-justification="center" data-style-alignment="center" data-style-inline="false" data-style-wrap="wrap"><a class="c-link false" href="/business/economy/">Economy</a></span></div></div><h1 class="b-it-headline">Strong corporate tax receipts ‘sustainable’ until 2020</h1></div></div></div></div><h2 class="b-it-subheadline ">Review of Ireland’s corporation tax code acknowleges improvements in transparency</h2></div><div class="c-grid b-it-right-rail-advanced__rail-container"><div class="c-stack b-it-right-rail-advanced__main-interior-item " data-style-direction="vertical" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap"><div class="c-stack b-it-right-rail-advanced__main-interior-item-1" data-style-direction="vertical" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap"><div class="c-grid b-it-lead-art__wrapper"><figure class="c-media-item b-it-lead-art"><div class="b-it-lead-art__image-wrapper" style="aspect-ratio:1024 / 576"><img data-chromatic="ignore" alt="Seamus Coffey: his review comes in the wake of controversies over Ireland’s tax regime, including the European Commission’s ruling that Apple should repay €13 billion in back taxes. Photograph: Dara Mac Dónaill" class="c-image b-it-lead-art__btn-full-screen-open" loading="eager" src="https://www.irishtimes.com/resizer/v2/SP56TBGEWH4AZBQZMHFF3F2YK4.jpg?auth=834339610c8bfa0e9bd6b2a860093a1259119860120f8916d593d4ed7b4fec1a&smart=true&width=1024&height=576" srcSet="https://www.irishtimes.com/resizer/v2/SP56TBGEWH4AZBQZMHFF3F2YK4.jpg?auth=834339610c8bfa0e9bd6b2a860093a1259119860120f8916d593d4ed7b4fec1a&smart=true&width=400&height=225 400w, https://www.irishtimes.com/resizer/v2/SP56TBGEWH4AZBQZMHFF3F2YK4.jpg?auth=834339610c8bfa0e9bd6b2a860093a1259119860120f8916d593d4ed7b4fec1a&smart=true&width=440&height=247 440w, https://www.irishtimes.com/resizer/v2/SP56TBGEWH4AZBQZMHFF3F2YK4.jpg?auth=834339610c8bfa0e9bd6b2a860093a1259119860120f8916d593d4ed7b4fec1a&smart=true&width=800&height=450 800w, https://www.irishtimes.com/resizer/v2/SP56TBGEWH4AZBQZMHFF3F2YK4.jpg?auth=834339610c8bfa0e9bd6b2a860093a1259119860120f8916d593d4ed7b4fec1a&smart=true&width=1024&height=576 1024w, https://www.irishtimes.com/resizer/v2/SP56TBGEWH4AZBQZMHFF3F2YK4.jpg?auth=834339610c8bfa0e9bd6b2a860093a1259119860120f8916d593d4ed7b4fec1a&smart=true&width=1440&height=810 1440w" sizes="(max-width: 400px) 400px, (max-width: 440px) 440px, (max-width: 800px) 800px, (max-width: 1024px) 1024px, (min-width: 1025px) 1440px" width="1024" height="576"/></div><figcaption class="c-media-item__fig-caption"><span class="c-media-item__caption">Seamus Coffey: his review comes in the wake of controversies over Ireland’s tax regime, including the European Commission’s ruling that Apple should repay €13 billion in back taxes. Photograph: Dara Mac Dónaill </span></figcaption></figure></div><div class="c-stack b-it-byline-block" data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><div class="c-stack b-it-byline-block__text" data-style-direction="vertical" data-style-justification="start" data-style-alignment="start" data-style-inline="false" data-style-wrap="nowrap"><div class="author"><span class="author-name"><a class="c-link" href="/author/eoin-burke-kennedy/">Eoin Burke-Kennedy</a></span></div><div class="b-it-byline-block__date">Tue Sept 12 2017 - 15:08</div></div></div><div class="c-grid b-it-social-share-block b-it-social-share-block__space-above"><div class="c-stack b-it-social-share-block__container" data-style-direction="horizontal" data-style-justification="start" data-style-alignment="start" data-style-inline="false" data-style-wrap="nowrap"><ul class="c-stack b-it-social-share-block__main-section 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73.934-1.155 101.96l-13.087 13.087c-4.35 4.35-5.769 10.79-3.783 16.612 5.864 17.194 9.042 34.999 9.69 52.721.509 13.906 17.454 20.446 27.294 10.606l37.106-37.106c59.271-59.259 59.271-155.699.001-214.959z"></path></svg></a></li><li><a href="" title="Print" class="b-it-social-share-block__link social_share_btn_print " rel="nofollow"><svg class="c-icon" width="48" height="48" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M448 192V77.25c0-8.49-3.37-16.62-9.37-22.63L393.37 9.37c-6-6-14.14-9.37-22.63-9.37H96C78.33 0 64 14.33 64 32v160c-35.35 0-64 28.65-64 64v112c0 8.84 7.16 16 16 16h48v96c0 17.67 14.33 32 32 32h320c17.67 0 32-14.33 32-32v-96h48c8.84 0 16-7.16 16-16V256c0-35.35-28.65-64-64-64zm-64 256H128v-96h256v96zm0-224H128V64h192v48c0 8.84 7.16 16 16 16h48v96zm48 72c-13.25 0-24-10.75-24-24 0-13.26 10.75-24 24-24s24 10.74 24 24c0 13.25-10.75 24-24 24z"></path></svg></a></li></ul></div></div></li></ul></div></div><article class="b-it-article-body article-body-wrapper article-sub-wrapper"><p class="c-paragraph">Ireland’s corporate tax code meets the highest standards internationally, a Government-commissioned report has concluded. And it says the recent surge in tax receipts from multinationals based here will continue until at least 2020.</p><p class="c-paragraph paywall">The review, by economist Seamus Coffey, who is also chairman of the Government's Fiscal Advisory Council, comes in the wake of a series of controversies concerning Ireland's tax regime, culminating in the European Commission's ruling last year that Apple should repay €13 billion in back taxes to Ireland.</p><div id="arcad-feature-f0ffkTty6QNr1mi-3-4-8-d29ecbc649871" class="default__StyledAdUnit-sc-1moicrg-0 gKEhzJ arcad-feature" style="--mobile-display:block;--tablet-display:none;--desktop-display:none"><div class="arcad-container width_100" style="max-width:300px"><div id="arcad_f0ffkTty6QNr1mi-3-4-8-d29ecbc649871" class="arcad ad-300x250"></div></div></div><p class="c-paragraph paywall">Mr Coffey was asked specifically to look at issues relating to tax transparency, tax certainty and the avoidance of preferential treatment, an allegation that has been repeatedly made against the Irish Government in relation to Apple.</p><p class="c-paragraph paywall">His remit precluded any examination of a change to the State’s 12.5 per cent headline rate of corporate tax.</p><div id="fusion-static-enter:html-block-f0f1Ui2nzrty1pg-3-4-0" style="display:none" data-fusion-component="html-block-f0f1Ui2nzrty1pg-3-4-0"></div><div><div style="border-block-start: 4px solid var(--global-neutral-2);font-family:var(--font-family-secondary);font-weight: var(--c-heading-font-weight);font-size:1.1rem; padding-top:0.8rem;margin-top:2rem;">READ MORE</div></div><div id="fusion-static-exit:html-block-f0f1Ui2nzrty1pg-3-4-0" style="display:none" data-fusion-component="html-block-f0f1Ui2nzrty1pg-3-4-0"></div><div class="c-grid b-top-table-list"><div class="c-grid b-top-table-list-small-container b-top-table-list-small-container--2"><article class="c-grid b-top-table-list-small b-top-table-list-small--right"><h2 class="c-heading"><a class="c-link" href="/business/economy/lidl-on-grafton-street-it-must-be-a-pop-up-1.3218035">Lidl on Grafton Street? It must be a pop-up</a></h2><a class="c-link" href="/business/economy/lidl-on-grafton-street-it-must-be-a-pop-up-1.3218035" aria-hidden="true" tabindex="-1"><figure class="c-media-item"><img data-chromatic="ignore" alt="Lidl on Grafton Street? It must be a pop-up" class="c-image" loading="lazy" src="https://www.irishtimes.com/resizer/v2/Q67DP3NQS25HJTGU44VG5UL65I.jpg?smart=true&auth=4bc7a5f083944647f047fa40674a2df0c80d7d0179e12d52f7afb18bf1c0bda9&width=800&height=533" srcSet="https://www.irishtimes.com/resizer/v2/Q67DP3NQS25HJTGU44VG5UL65I.jpg?smart=true&auth=4bc7a5f083944647f047fa40674a2df0c80d7d0179e12d52f7afb18bf1c0bda9&width=400&height=266 400w, https://www.irishtimes.com/resizer/v2/Q67DP3NQS25HJTGU44VG5UL65I.jpg?smart=true&auth=4bc7a5f083944647f047fa40674a2df0c80d7d0179e12d52f7afb18bf1c0bda9&width=600&height=399 600w, https://www.irishtimes.com/resizer/v2/Q67DP3NQS25HJTGU44VG5UL65I.jpg?smart=true&auth=4bc7a5f083944647f047fa40674a2df0c80d7d0179e12d52f7afb18bf1c0bda9&width=800&height=533 800w, https://www.irishtimes.com/resizer/v2/Q67DP3NQS25HJTGU44VG5UL65I.jpg?smart=true&auth=4bc7a5f083944647f047fa40674a2df0c80d7d0179e12d52f7afb18bf1c0bda9&width=1200&height=799 1200w" width="800" height="533"/></figure></a><hr class="c-divider"/></article><article class="c-grid b-top-table-list-small b-top-table-list-small--right"><h2 class="c-heading"><a class="c-link" href="/business/economy/one-in-10-homeowners-are-still-behind-on-mortgage-repayments-1.3218256">One in 10 homeowners are still behind on mortgage repayments</a></h2><a class="c-link" href="/business/economy/one-in-10-homeowners-are-still-behind-on-mortgage-repayments-1.3218256" aria-hidden="true" tabindex="-1"><figure class="c-media-item"><img data-chromatic="ignore" alt="One in 10 homeowners are still behind on mortgage repayments" class="c-image" loading="lazy" src="https://www.irishtimes.com/resizer/v2/RRCWWKGHFKMZ6GC7Z2QDZY64DY.jpg?smart=true&auth=a7f9cbfbd3509f819dc1df7555babd60b1c09404010d6fb3b86b90048e53b590&width=800&height=533" srcSet="https://www.irishtimes.com/resizer/v2/RRCWWKGHFKMZ6GC7Z2QDZY64DY.jpg?smart=true&auth=a7f9cbfbd3509f819dc1df7555babd60b1c09404010d6fb3b86b90048e53b590&width=400&height=266 400w, https://www.irishtimes.com/resizer/v2/RRCWWKGHFKMZ6GC7Z2QDZY64DY.jpg?smart=true&auth=a7f9cbfbd3509f819dc1df7555babd60b1c09404010d6fb3b86b90048e53b590&width=600&height=399 600w, https://www.irishtimes.com/resizer/v2/RRCWWKGHFKMZ6GC7Z2QDZY64DY.jpg?smart=true&auth=a7f9cbfbd3509f819dc1df7555babd60b1c09404010d6fb3b86b90048e53b590&width=800&height=533 800w, https://www.irishtimes.com/resizer/v2/RRCWWKGHFKMZ6GC7Z2QDZY64DY.jpg?smart=true&auth=a7f9cbfbd3509f819dc1df7555babd60b1c09404010d6fb3b86b90048e53b590&width=1200&height=799 1200w" width="800" height="533"/></figure></a><hr class="c-divider"/></article><article class="c-grid b-top-table-list-small b-top-table-list-small--right"><h2 class="c-heading"><a class="c-link" href="/business/economy/house-price-inflation-accelerates-to-12-3-per-cent-1.3218163">House price inflation accelerates to 12.3 per cent</a></h2><a class="c-link" href="/business/economy/house-price-inflation-accelerates-to-12-3-per-cent-1.3218163" aria-hidden="true" tabindex="-1"><figure class="c-media-item"><img data-chromatic="ignore" alt="House price inflation accelerates to 12.3 per cent" class="c-image" loading="lazy" src="https://www.irishtimes.com/resizer/v2/3BCCW7U36X2FTDOT6NA7PQWI4A.jpg?smart=true&auth=ba7df35a4ebeb463a33953e8cf045db32bda173d3711c821ce87f6fba3cca9a0&width=800&height=533" srcSet="https://www.irishtimes.com/resizer/v2/3BCCW7U36X2FTDOT6NA7PQWI4A.jpg?smart=true&auth=ba7df35a4ebeb463a33953e8cf045db32bda173d3711c821ce87f6fba3cca9a0&width=400&height=266 400w, https://www.irishtimes.com/resizer/v2/3BCCW7U36X2FTDOT6NA7PQWI4A.jpg?smart=true&auth=ba7df35a4ebeb463a33953e8cf045db32bda173d3711c821ce87f6fba3cca9a0&width=600&height=399 600w, https://www.irishtimes.com/resizer/v2/3BCCW7U36X2FTDOT6NA7PQWI4A.jpg?smart=true&auth=ba7df35a4ebeb463a33953e8cf045db32bda173d3711c821ce87f6fba3cca9a0&width=800&height=533 800w, https://www.irishtimes.com/resizer/v2/3BCCW7U36X2FTDOT6NA7PQWI4A.jpg?smart=true&auth=ba7df35a4ebeb463a33953e8cf045db32bda173d3711c821ce87f6fba3cca9a0&width=1200&height=799 1200w" width="800" height="533"/></figure></a><hr class="c-divider"/></article><article class="c-grid b-top-table-list-small b-top-table-list-small--right"><h2 class="c-heading"><a class="c-link" href="/business/economy/vat-proposal-few-years-too-late-says-michael-o-flynn-1.3218209">Vat proposal “few years too late” says Michael O’Flynn</a></h2><a class="c-link" href="/business/economy/vat-proposal-few-years-too-late-says-michael-o-flynn-1.3218209" aria-hidden="true" tabindex="-1"><figure class="c-media-item"><img data-chromatic="ignore" alt="Vat proposal “few years too late” says Michael O’Flynn" class="c-image" loading="lazy" src="https://www.irishtimes.com/resizer/v2/CURFKLLQOFJOYSPRIDL4XPMWJ4.jpg?smart=true&auth=eee1895d02f59d2bd00318008b5f974289e7a49ea6bfc6417d7c2ce96666093c&width=800&height=533" srcSet="https://www.irishtimes.com/resizer/v2/CURFKLLQOFJOYSPRIDL4XPMWJ4.jpg?smart=true&auth=eee1895d02f59d2bd00318008b5f974289e7a49ea6bfc6417d7c2ce96666093c&width=400&height=266 400w, https://www.irishtimes.com/resizer/v2/CURFKLLQOFJOYSPRIDL4XPMWJ4.jpg?smart=true&auth=eee1895d02f59d2bd00318008b5f974289e7a49ea6bfc6417d7c2ce96666093c&width=600&height=399 600w, https://www.irishtimes.com/resizer/v2/CURFKLLQOFJOYSPRIDL4XPMWJ4.jpg?smart=true&auth=eee1895d02f59d2bd00318008b5f974289e7a49ea6bfc6417d7c2ce96666093c&width=800&height=533 800w, https://www.irishtimes.com/resizer/v2/CURFKLLQOFJOYSPRIDL4XPMWJ4.jpg?smart=true&auth=eee1895d02f59d2bd00318008b5f974289e7a49ea6bfc6417d7c2ce96666093c&width=1200&height=799 1200w" width="800" height="533"/></figure></a><hr class="c-divider"/></article></div></div><p class="c-paragraph paywall">The report noted that, since 2015, there has been a “level shift” in corporate tax receipts flowing to the exchequer, with a significant portion of the increased revenue coming from a just handful of firms, particularly in the technology sector.</p><p class="c-paragraph paywall">About 40 per cent of the €7.4 billion taken in last year came from just 10 companies. This has prompted questions over the sustainability of the tax revenue and warnings that it should not be used for current spending.</p><div id="arcad-feature-f0fF3YXEzrty1PE-3-4-3-187d30682e256f" class="default__StyledAdUnit-sc-1moicrg-0 gKEhzJ arcad-feature" style="--mobile-display:block;--tablet-display:block;--desktop-display:block"><div class="arcad-container width_100" style="max-width:550px"><div id="arcad_f0fF3YXEzrty1PE-3-4-3-187d30682e256f" class="arcad ad-550x250"></div></div></div><p class="c-paragraph paywall">“Although it is impossible to be definitive and the volatility in receipts will remain, the level-shift increase in corporate tax receipts seen in 2015 can be expected to be sustainable over the medium term to 2020,” Mr Coffey’s report concluded.</p><p class="c-paragraph paywall">His review claimed that Ireland had reached the highest standards internationally with regard to transparency. However, it does make 18 recommendations aimed at bringing the code more in line with current OECD norms and insulating the Government’s new knowledge development box, which provides tax incentives for innovation, from being exploited through loopholes such as the now-defunct “double Irish”.</p><h4 class="b-it-article-body__h4 paywall">Intellectual property</h4><p class="c-paragraph paywall">Among measures likely to be considered on budget day is a restriction on the tax write-off offered in relation to the transfer of intellectual property, a move designed to smooth out corporate tax receipts for the exchequer.</p><p class="c-paragraph paywall">The review also recommended modernising the regime governing transfer pricing, the amount subsidiaries charge each other for goods and services, which was also at the heart of the double Irish loophole.</p><p class="c-paragraph paywall">The report advocated the adoption of a more territorial tax system, where firms pay tax solely on revenue generated here, and an enhanced foreign tax credit regime to maintain Ireland’s competitiveness.</p><p class="c-paragraph paywall">Launching the report, Minister for Finance Paschal Donohoe said the review made "very clear that certainty and predictability of corporation tax were essential elements" of Ireland's tax code. He noted that the 12.5 per cent headline rate remained the bedrock of the State's competitive tax regime, "and that is not going to change".</p><div id="arcad-feature-f0fyRwJHzrty1c0-3-4-4-ec78696538dd" class="default__StyledAdUnit-sc-1moicrg-0 gKEhzJ arcad-feature" style="--mobile-display:block;--tablet-display:block;--desktop-display:block"><div class="arcad-container width_100" style="max-width:550px"><div id="arcad_f0fyRwJHzrty1c0-3-4-4-ec78696538dd" class="arcad ad-550x250"></div></div></div><p class="c-paragraph paywall">However, Chartered Accountants Ireland warned the measures, if adopted, would increase business taxes.</p><p class="c-paragraph paywall">“The Coffey report into corporation tax policy in Ireland was born of political necessity, but Government should be careful to use its recommendations to modernise the system, rather than as a justification to levy new taxes on business,” said Brian Keegan, the group’s director of tax and public policy.</p><p class="c-paragraph paywall">If adopted, the net effect of the proposals would be to increase the tax take from the corporate sector, he said.</p></article><div class="c-stack b-author-bio" data-style-direction="vertical" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap"><div class="c-stack b-author-bio__author" data-style-direction="horizontal" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap"><img data-chromatic="ignore" alt="Eoin Burke-Kennedy" class="c-image" loading="lazy" src="https://www.irishtimes.com/resizer/v2/https%3A%2F%2Fs3.amazonaws.com%2Farc-authors%2Firishtimes%2F518d93d3-f26f-4914-9ae0-93b67a60d484.png?smart=true&auth=99188487f26421077ac71df4d4656211a57f7f2c9bde64dfd3773d79da898fb0&width=100&height=100" 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href="/author/eoin-burke-kennedy/"><h2 class="c-heading b-author-bio__author-name">Eoin Burke-Kennedy</h2></a><p class="c-paragraph b-author-bio__author-description">Eoin Burke-Kennedy is Economics Correspondent of The Irish Times</p><div class="c-stack b-author-bio__social-link-wrapper" data-style-direction="horizontal" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="wrap"><a aria-label="Send an email to Eoin Burke-Kennedy" class="c-link b-author-bio__social-link" href="mailto:eoinb.kennedy@irishtimes.com" rel="noreferrer" target="_blank"><svg class="c-icon" width="48" height="48" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M502.3 190.8c3.9-3.1 9.7-.2 9.7 4.7V400c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V195.6c0-5 5.7-7.8 9.7-4.7 22.4 17.4 52.1 39.5 154.1 113.6 21.1 15.4 56.7 47.8 92.2 47.6 35.7.3 72-32.8 92.3-47.6 102-74.1 131.6-96.3 154-113.7zM256 320c23.2.4 56.6-29.2 73.4-41.4 132.7-96.3 142.8-104.7 173.4-128.7 5.8-4.5 9.2-11.5 9.2-18.9v-19c0-26.5-21.5-48-48-48H48C21.5 64 0 85.5 0 112v19c0 7.4 3.4 14.3 9.2 18.9 30.6 23.9 40.7 32.4 173.4 128.7 16.8 12.2 50.2 41.8 73.4 41.4z"></path></svg><span class="visually-hidden">Opens in new window</span></a><a aria-label="Connect on Twitter" class="c-link b-author-bio__social-link" href="https://twitter.com/eoinbk" rel="noreferrer" target="_blank"><svg class="c-icon" width="48" height="48" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z"></path></svg><span class="visually-hidden">Opens in new window</span></a></div></div></div></div><div id="lazy_37407" class="lazy_container"><div class="b-flex-chain"><div class="b-flex-chain__grid-container 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This surpassed the previous record of 610,000 units in 2023.","type":"text"},{"_id":"ZKOHXGA6MZG2TFPXRLCSMCXFSM","additional_properties":{"_id":1740412088102},"content":"Container volumes grew 3 per cent from 2023 to 124,000, which the harbour operator described as a “positive outcome” after two years of lower volumes that followed the pandemic-induced boom in 2021 when 131,000 container units travelled through the port.","type":"text"},{"_id":"WA74YVXVXNCXBGKMAMBQ25OC64","additional_properties":{"_id":1740412088103},"content":"Passenger volumes, meanwhile, were stable at 1.7 million passengers with 500,000 cars travelling in and out of Belfast Harbour.","type":"text"},{"_id":"DCEALJDMZJFFZP3SMOZMJQHX5Q","additional_properties":{"_id":1740412088104},"content":"The harbour also welcomed 60 cruise ships, up from 57 in 2023, bringing an estimated 260,000 passengers and crew to the city. 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One of the vessels, the Stena Futura, will enter service in autumn 2025 while a keel-laying ceremony took place for the other vessel, the Stena Connecta, last October in China.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Ian Curran"}},"name":"Ian Curran"}]},"description":{"basic":"Container volumes up 3% after two years of decline that followed Covid boom of 2021"},"display_date":"2025-02-25T00:15:00Z","headlines":{"basic":"Belfast Harbour sees slight jump in trade volumes amid record freight traffic ","native":""},"label":{"audio_project_id":{"text":"5469"}},"promo_items":{"basic":{"_id":"576LT2EVWNCW5HSYEWL2RLVS5I","auth":{"1":"9e9f670bf9aef40370704e05d06a8a9faa67ed302b72b321b8ff9cc0c165e89f"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/576LT2EVWNCW5HSYEWL2RLVS5I.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Business"},{"name":"Economy"}]},"type":"story","website_url":"/business/2025/02/25/belfast-harbour-sees-slight-jump-in-trade-volumes-amid-record-freight-traffic/","websites":{"irishtimes":{"website_section":{"_id":"/business","additional_properties":{"original":{}},"name":"Business"}}}},{"_id":"IOXI7VHDCBDFJGSHA4KA3BUM7A","additional_properties":{"audio_duration":220,"audio_url":"https://beyondwords-cdn-b7fyckdeejejb6dj.a03.azurefd.net/audio/projects/8948/podcasts/35cabaac-b549-474a-b67e-00e9b5852923/versions/1740489601/media/4ea01924f0034f69e65fde2dd30fecf4_compiled.mp3"},"canonical_url":"/environment/climate-crisis/2025/02/24/move-to-fracked-gas-will-not-give-ireland-energy-security-conference-told/","content_elements":[{"_id":"AU2LO4S7JVECTHBUWG7ITO6XMI","additional_properties":{},"content":"The Government is considering changes to its stance on liquefied natural gas (LNG), which bring risk of environmental pollution and jeopardising its climate targets, a sustainability conference has been told. ","type":"text"},{"_id":"3XWPPMJOQZB4TGEJ2GLS3QWKOY","additional_properties":{},"content":"Ireland had banned fracking, which is linked to environmental pollution, and fossil fuel extraction within its jurisdiction yet “LNG, scarily, is coming back to discussions within the Government”, said Niamh Guiry, a scholar at UCC and member of Not Here Not Anywhere – For a Fossil Free Future. ","type":"text"},{"_id":"ENAF77BTFVFO5EJU7KIQXLFVX4","additional_properties":{},"content":"If imported and processed here, LNG would jeopardise carbon budgets and lock in fossil fuel infrastructure for decades to come, she said at a conference in Dublin on how climate action can accelerate achievement of the UN sustainable development goals (SDGs). ","type":"text"},{"_id":"HKWEWUPDRFGMLDS6FM2H67ZETY","additional_properties":{},"content":"The Coalition’s focus should be on decommissioning gas infrastructure and going after big fossil fuel consumers, notably data centre operators, she said –though energy security was an issue. “Relying on LNG will not give us the energy security we need. There’s no energy security without energy sustainability,” Ms Guiry added. ","type":"text"},{"_id":"TPDT6325OZCOLFYPAZZHICPDFY","additional_properties":{},"content":"While there was speculation LNG was going to be imported from the US, it would be impossible to say if the gas was fracked or not, she said. ","type":"text"},{"_id":"QZLIFYPQHJC2ZKT2T4XE3SE74E","additional_properties":{},"content":"","type":"text"},{"_id":"2VJ6CLLVXFAA7CSFAWOHQPS7SA","additional_properties":{},"content":" ","type":"text"},{"_id":"7TW4UXVSCRE4TH3JGGVHENVIEI","additional_properties":{},"content":"Lucas Snaije, cities co-ordinator with the Fossil Fuel Non-Proliferation Treaty Initiative, said cities were “first responders” to the climate crisis.","type":"text"},{"_id":"CQ55NRA3WBBCTBQROUBGRGC22Y","additional_properties":{},"content":"“Transformation is not going to happen without a paradigm shift on how we move through cities,” he said. That meant active travel (walking or cycling) and public transport in the main – and occasionally using a car, “hopefully an EV”. ","type":"text"},{"_id":"3PAOHSWK2NCHZKQSSUNRA7XLSE","additional_properties":{},"content":"It took 28 UN climate summits to secure the first mention of fossil fuels in an outcome statement, said Mary Robinson of the Elders. This was due to being up against “a huge weight” of fossil fuel lobbyists, estimated to be spending $4 billion a year on communications alone.","type":"text"},{"_id":"TCCGKAEJD5FDRNYBPETLTBRRWE","additional_properties":{},"content":"The former president said there was a need to combine volunteerism and the Irish “meitheal” spirit of helping one another to counter opposition from the fossil fuel lobby.","type":"text"},{"_id":"RE7LHE22AFEHZJZQRCQVVL5BDY","additional_properties":{},"content":"The SDGs were supposed to be a roadmap for a sustainable future, she added, “but we’re not making the progress we should be because of the fossil fuel lobby . . . Ireland must lead the change to a fossil fuel-free future.” ","type":"text"},{"_id":"PN6BPH2D5BFATPMRLIGTJJUKLI","additional_properties":{},"content":"Department of Foreign Affairs climate director Dr Sinéad Walsh said there was a need “to be very clever about how we do multiple things with the same euro or dollar”. This was against a backdrop of a lot of countries reducing funding, or at the very least not increasing, their overseas development aid and climate finance when “needs are escalating dramatically”. ","type":"text"},{"_id":"MBQ4K5WKLJHV3IGXSROYJUYESQ","additional_properties":{},"content":"","type":"text"},{"_id":"UBV75ISL7FGABMROB35DDPK7X4","additional_properties":{},"content":"While only 17 per cent of the goals were reported to be on track “with only six years to go”, there was ongoing support in the programme for government, while the next national SDG implementation plan was being drafted. The good news was that Ireland would meet its international climate finance goal for 2025 - more than doubling funding over the past three years, she said.","type":"text"},{"_id":"ELBGVLOX2BCXNKE3QQWRTESZCM","additional_properties":{},"content":"This year, the Government was supporting biodiversity under this heading with a €15 million contribution to the Amazon Fund, which would have climate and SDG benefits. ","type":"text"},{"_id":"I3XXHUJNORDPPPSJONUYYCUJ7Y","additional_properties":{},"content":"The focus was also on climate action but in combination with food, health and education, while also addressing related gender issues, she said.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Kevin O'Sullivan"}},"name":"Kevin O'Sullivan"}]},"description":{"basic":"Mary Robinson warns of power of fossil fuel lobbyists spending $4 billion a year on communications"},"display_date":"2025-02-24T21:50:38.091Z","headlines":{"basic":"Move to fracked gas ‘will not give Ireland energy security’, conference 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its target for inflation of near 2 per cent over the medium term.","type":"text"},{"_id":"WBSWA5FWQJAOVH3ABEZYGCZMDY","additional_properties":{"_id":1740412737853},"content":"However, she warned that “headwinds” meant the economy was “set to remain weak in the near term”.","type":"text"},{"_id":"N5TCOCDCDVGB5EUUEKBV77GMA4","additional_properties":{"_id":1740412737854},"content":"The latest Eurostat figures show January the highest contribution to the annual euro area inflation rate came from services (+1.77 per cent), followed by food, alcohol and tobacco (+0.45 per cent) and energy (+0.18 per cent).","type":"text"},{"_id":"RE7R6A4FWJDOPBZBL4QDCQW5FM","additional_properties":{"_id":1740412737855},"content":"The relatively high level of services inflation is likely to mean policymakers will continue to opt for smaller quarter point interest rate reductions.","type":"text"},{"_id":"V5J5ZOCM6JEO3LQP3Q2KGOS3BA","additional_properties":{"_id":1740412737856},"content":"The headline rate of inflation in Ireland, as measured by the Consumer Price Index (CPI) rose for a third consecutive month in January to 1.9 per cent, with the largest increases being seen in transport costs, as well as prices in hotels and restaurants, data from the Central Statistics Office (CSO) showed last week.","type":"text"},{"_id":"74LKMYKILVB4TCRHMTCJ4AOZDM","embed":{"config":{},"id":"acast_podcast-31449","url":"/"},"subtype":"acast_podcast","type":"custom_embed"},{"_id":"B3MQIWOERVFPFGOPHEHMCGPKPY","additional_properties":{"_id":1740412737857},"content":"The latest inflation print for the euro area came as ECB policymaker Francois Villeroy de Galhau said Frankfurt could cut its deposit rate down to 2 per cent by this summer.","type":"text"},{"_id":"PC2XTB6LURBGTIC7VIVWRDI57A","additional_properties":{"_id":1740412737858},"content":"“Seen from where we are today, we could be at 2 per cent by the coming summer,” he told the magazine Alternatives 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If the data justify a new cut, we’ll cut. If they don’t, we might have to pause,” the Financial Times quoted Wunsch as saying.","type":"text"},{"_id":"4X6WOZI655E57CSNADZPC4R2JU","additional_properties":{"_id":1740412737863},"content":"He also highlighted growing uncertainty over the appropriate level of interest rates, saying he was “not even sure” whether rates remained restrictive for growth and inflation. - Additional reporting Reuters","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Eoin Burke-Kennedy"}},"name":"Eoin Burke-Kennedy"}]},"description":{"basic":"Eurostat confirms inflation across euro area rose marginally in January"},"display_date":"2025-02-24T12:32:03.096Z","headlines":{"basic":"Euro zone inflation at 2.5% ahead of ECB rate decision next week","native":""},"label":{"audio_project_id":{"text":"5469"}},"promo_items":{"basic":{"_id":"6MP2KQBWOZ5PNFDQSCWD2DIEZ4","auth":{"1":"1cf01aea82787d2b3379d9e268a6c5195947594660e02e06c7ed15e0c722113a"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/6MP2KQBWOZ5PNFDQSCWD2DIEZ4.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Business"},{"name":"Economy"}]},"type":"story","website_url":"/business/2025/02/24/euro-zone-inflation-at-25-ahead-of-ecb-rate-decision-next-week/","websites":{"irishtimes":{"website_section":{"_id":"/business","additional_properties":{"original":{}},"name":"Business"}}}},{"_id":"Y2FTEQZYD5HKJGFK6VVDSX5LOU","additional_properties":{"audio_duration":322,"audio_url":"https://beyondwords-cdn-b7fyckdeejejb6dj.a03.azurefd.net/audio/projects/5469/podcasts/14aa7587-c688-4928-8e37-c0198f171ed9/versions/1740322847/media/5c5c6c7473782a8c2abc9839c5d3c37d_compiled.mp3"},"canonical_url":"/business/economy/2025/02/23/trump-and-his-contradictory-economic-agenda/","content_elements":[{"_id":"UN64FW3H7RDLHBTOKGIWUQ66JM","additional_properties":{"_id":1740321828816},"content":"One of the conspiracy theories circulating online about the current US egg shortage links the scarcity to Covid-19.","type":"text"},{"_id":"TGYUGAKN75H7FICYQH5NR57BA4","additional_properties":{"_id":1740321828817},"content":"It suggests that a naturally occurring protein found in egg yolks protects humans against the virus, a solution that Big Pharma wants to suppress so it can keep selling us vaccines.","type":"text"},{"_id":"YU2BUHXYQFFKJE5HVXM3YZOHH4","additional_properties":{"_id":1740321828818},"content":"Of course it’s bunkum. But it reflects how disinformation, amplified online, now courses through almost every element of public life in the US.","type":"text"},{"_id":"53BJUCI34BGOPIZA3P3GJZJX6I","additional_properties":{"_id":1740321828819},"content":"The reality of the shortage is far more mundane, if no less devastating for the industry.","type":"text"},{"_id":"GZA3A2TAWZEPFGV4COJANANSJQ","additional_properties":{"_id":1740321828820},"content":"It stems from an outbreak of avian influenza H5N1, which is present in Ireland also, that has led to the loss of tens of millions of poultry and a massive slowdown in US egg production.","type":"text"},{"_id":"IGEPTGDCA5AYVEPWUPF54JLXYI","additional_properties":{"_id":1740321828821},"content":"Combined with soaring feed, fuel and labour costs, this has seen egg prices more than double over the past year.","type":"text"},{"_id":"XBNPEWS5HBBMZBQ26SPIUIMIC4","additional_properties":{"_id":"ALZXQSJUT5ETDKENJCYWXR2YDA"},"content":"Here’s what a deal to avoid Trump’s tariffs on Irish pharma would look like","type":"interstitial_link"},{"_id":"7D25EZZTYNHIPAOTZAXI42C5FM","additional_properties":{"_id":1740321828822},"content":"The debacle is also reflective of the current polarisation in US politics. The soaring price of eggs was used by <a href=\"https://www.irishtimes.com/tags/donald-trump/\" target=\"_blank\">Donald Trump</a> and <a href=\"https://www.irishtimes.com/tags/jd-vance/\" target=\"_blank\">JD Vance</a> to bash the previous administration.","type":"text"},{"_id":"5M32WMIKEJECZKXX5OME25CEJ4","additional_properties":{"_id":1740321828823},"content":"Last September, Vance stood in a grocery store in Pennsylvania, holding a carton of eggs, which he said was more expensive “thanks to Kamala Harris’s inflationary policies”.","type":"text"},{"_id":"6T6FVPMOMNAFJHHHG3GA7DSKJE","additional_properties":{"_id":1740321828824},"content":"No mention of the outbreak. The US government’s handling of the avian flu issue could have been criticised (Mexico hasn’t suffered to the same extent, because of a vaccine programme) but that wasn’t the point.","type":"text"},{"_id":"KYRT7HW3JREHNOE6OU5E6F3K3A","additional_properties":{"_id":1740321828825},"content":"It was about using any tool on the shelf to convince the US electorate that inflation, and the higher cost of living was Joe Biden and Harris’s fault.","type":"text"},{"_id":"L34QAN6B4VFMFOQZMS5IUJT4NE","additional_properties":{"_id":1740321828826},"content":"Now the price of eggs, the cost of living and the country’s stubborn inflation issues are Trump’s problems. 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And Trump was elected to alleviate cost-of-living pressures not add to them.","type":"text"},{"_id":"GXH4ARR2AVDSFMDNEKL3WATZAY","additional_properties":{"_id":1740321828829},"content":"The <a href=\"https://www.irishtimes.com/tags/federal-reserve/\" target=\"_blank\">Federal Reserve</a>’s decision to hold interest rates steady last month reflected the uncertain inflationary outlook.","type":"text"},{"_id":"C4MOYRNJPBEQLIX52YYREHHGZU","additional_properties":{"_id":1740321828830},"content":"Tariff increases will translate into higher production costs for US firms as they incur higher import costs or have to use more expensive domestic sources.","type":"text"},{"_id":"35UTUICJDFH2PM4U5VOG3NHQCE","additional_properties":{"_id":1740321828831},"content":"Many US importers of steel, for instance, won’t be able to switch to domestic suppliers when the new 25 per cent tariff on steel imports comes in next month, meaning they will have to suck it up, and, in many cases, pass on the increased cost to their customers.","type":"text"},{"_id":"CIMCZFW4FFBXFF4OHP5XRVIHAA","additional_properties":{"_id":1740321828832},"content":"Trump’s economic team will argue that the tariffs imposed during his first presidency weren’t inflationary but they were more limited in scope.","type":"text"},{"_id":"5GON4NV3AZBFVDJJJH3UAIOAQQ","additional_properties":{"_id":1740321828833},"content":"They were also imposed in an entirely different economic environment before supply chains were impacted by the pandemic and before the energy price shock caused by Russia’s invasion of Ukraine.","type":"text"},{"_id":"RMBY34SYA5D3ZB525NFBQKW3V4","additional_properties":{"_id":1740321828834},"content":"When asked if tariffs would complicate the Fed’s interest rate trajectory, Fed chairman Jay Powell paddled through an answer.","type":"text"},{"_id":"K7IS33KLLFESZJL6567WKDGW5Y","additional_properties":{"_id":1740321828835},"content":"“We don’t know for how long or how much, what countries,” he said. “We don’t know about retaliation. We don’t know how it’s going to transmit through the economy to consumers,” he said.","type":"text"},{"_id":"KG2ZBY4IONCZHG6CFH7ID5X5NA","additional_properties":{"_id":1740321828836},"content":"The market wobble in reaction to the announcement of US tariffs against Canada and Mexico last month was instructive on what business thinks.","type":"text"},{"_id":"KWTIPR72MNE4PN3BS2VET6MSXI","additional_properties":{"_id":1740321828837},"content":"But Trump sees trade as a conflictual, zero-sum game which the US is losing, hence the protectionist pivot.","type":"text"},{"_id":"DM5CFHP2QJF3JD5TDE2QVHTGOA","additional_properties":{"_id":"QZLTFP7WCRH7FAFBKW754O2GN4"},"content":"There is a shock in store for Ireland once Donald Trump’s Maga men look closely","type":"interstitial_link"},{"_id":"RQZDOGKVSJCABIONZLR6A4AP6U","additional_properties":{"_id":1740321828838},"content":"The other plank of this protectionist agenda, mass deportations and tighter immigration controls, will shrink the supply of labour, potentially denting growth.","type":"text"},{"_id":"ITJFH4G46JFHXGZJXV5HD7YB2Y","additional_properties":{"_id":1740321828839},"content":"US population growth is one of the main factors behind the US’s current growth momentum. 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