US businesses operating in the Republic oppose any strikes to extend private taxes over the Authorities’s remaining time period. That’s in keeping with the American Chamber of Commerce Eire, which has simply submitted it pre-budget submission to the Minister for Finance. Barry O’Halloran has the small print.
Barry also reports on Bord na Móna which earned a €22 million revenue final 12 months, its first since 2017. Gross sales on the firm had been €324 million in 2020. Chief govt Tom Donnellan hailed the “excellent success” achieved by the corporate since 2017.
Social athletic platform Strava is to open a brand new workplace in Dublin because it plans speedy development in Europe. Ciara O’Brien has the story.
In Commercial Property, Ronald Quinlan reports that KC Kapital has seen off rival gives from Johnny Ronan, Marlet, and RQTwo and is closing in on a €40 million buy of the previous Metropolis Arts Centre on Dublin’s Metropolis Quay.
Ronald also reports that Press Up is concentrating on beachgoer demand for foods and drinks with a lease on the landmark McDaniels pub in Brittas Bay.
As Ireland begins a consultation processon the OECD’s tax proposal, Cliff Taylor writes that the thumbscrews are prepared if Eire doesn’t signal as much as the deal.
The strain on Eire, one among simply eight international locations who haven’t signed to the draft plan, is constructing. If there’s a deal there is not going to actually be any alternative, Cliff writes, we’ll join.
Ciara O’Brien interviews Dell’s president of worldwide markets, Aongus Hegarty, who talks about how the pandemic induced an ‘in a single day pivot’ for the agency because it moved to having 95 per cent of its workforce members working remotely internationally.
Dublin-based fintech Soldo has raised $180 million (€153 million) in an oversubscribed funding spherical. The corporate, which relocated its company headquarters to the Republic of Eire two years in the past has developed an automatic platform that permits companies to handle company-wide spending from one easy-to-manage answer.
Charlie Taylor stories on this, and on Irish biotechnology company RemedyBiowhich has secured a brand new €8 million funding from the European Innovation Council.
In the meantime, Google, which employs 8,000 people in the Republic,is to be formally recognised for the contribution the corporate has revamped the previous 18 years with an award from IDA Eire.
And finally, Joan Henry, chief economist and head of research at Knight Frank Eire, writes that the pandemic and housing disaster is driving a requirement for higher rental properties and whereas the of dwelling possession stays robust, the rental sector additionally performs essential position.