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WTO says US tariffs on China are not justified and breach trade rules

21st September 2020

The World Trade Organisation (WTO) has undercut the main justification for US President Donald Trump’s trade war against China, saying that American tariffs on Chinese goods violate international rules. A panel of three WTO trade experts yesterday said the US broke global regulations when it imposed tariffs on Chinese goods in 2018. Washington has imposed levies […]

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Strong retail data support sterling, but outlook remains bleak

21st September 2020

Sterling got support today from data showing British shoppers kept increasing spending last month, taking sales further above their pre-Covid-19 levels, although the outlook for the pound remains bleak.  The currency was up against the euro at 0.916 today but down 0.2% against the dollar at $1.295. It fell to $1.2866 yesterday when the Bank of England said […]

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Budget 2021 – rewriting the rule book

21st September 2020

There’s less than a month to go until Budget 2021, but already it’s shaping up to be unlike any other we’ve known in recent memory. Coming against the backdrop of the Covid-19 pandemic and what’s looking increasingly like no trade deal between the UK and the EU by year end, the government has two broad […]

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Budget 2021 – rewriting the rule book

21st September 2020

There’s less than a month to go until Budget 2021, but already it’s shaping up to be unlike any other we’ve known in recent memory. Coming against the backdrop of the Covid-19 pandemic and what’s looking increasingly like no trade deal between the UK and the EU by year end, the government has two broad […]

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We’re closer now than we have ever been to a major breakdown in how the internet works

18th September 2020

So is this the big one? After years of courts cases and appeals and treaties and Austrian campaigners, are we finally on the brink of digital war between the EU and the US? Everyone agrees that the Irish data protection commissioner’s preliminary order to Facebook to stop transferring EU citizen data to the US brings […]

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We’re closer now than we have ever been to a major breakdown in how the internet works

18th September 2020

So is this the big one? After years of courts cases and appeals and treaties and Austrian campaigners, are we finally on the brink of digital war between the EU and the US? Everyone agrees that the Irish data protection commissioner’s preliminary order to Facebook to stop transferring EU citizen data to the US brings […]

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Global economic recovery may take five years – World Bank chief economist

18th September 2020

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank’s chief economist Carmen Reinhart said on Thursday. “There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as […]

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Global economic recovery may take five years – World Bank chief economist

18th September 2020

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank’s chief economist Carmen Reinhart said on Thursday. “There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as […]

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Revenue extends Pay & File deadline to 10 December

18th September 2020

Revenue has further extended the deadline for self-assessed income tax returns made online. The Pay and File deadline for submissions made via Revenue Online Service is now 10 December, as opposed to the previous date of 12 November. Revenue said Capital Acquisitions Tax returns relating to gifts or inheritances received in the year to the […]

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Government says income tax won’t change in Budget

17th September 2020

The Minister for Finance has confirmed that the Government does not plan to make any changes to income tax, USC or PRSI in October’s Budget.  Paschal Donohoe said it is the view of the Government that it needs to hold the personal tax code steady and use it to respond back to the challenges facing […]

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