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Pensioners to lose phone allowance and prescription charges to see big increase. A raft of harsh measures such as ending the monthly telephone allowance for pensioners, a hefty rise in prescription charges, an 8-point rise to 41 per cent increase in Dirt tax and scrapping the mortgage interest supplement payments will be included in the… Read more »

The Cabinet is to meet later today to discuss the Budget for a final time before details are made public. Finance Minister Michael Noonan will deliver the taxation measures in the Dáil at 2.30pm, followed by the Minister for Public Expenditure and Reform, Brendan Howlin, who will outline the spending cuts.

A special Cabinet meeting was being held at Government buildings last night to finalise the measures to be introduced in the Budget aimed at reducing public spending by €2.5bn.

The head of the International Monetary Fund Christine Lagarde has warned that a US debt default would send the world back into recession. In an interview featured on NBC, Ms Lagarde said that if the US defaulted on its debts, there would be so much uncertainty and risk of disruption that the standing of the… Read more »

The Government has announced plans to allow small and medium sized businesses to apply to the Circuit Court for examinership.

Small and medium sized businesses in the peripheral euro zone are being ”starved” of credit. They are also paying interest rates on bank loans up to three times more than their German counterparts.

The outlook for Irish business is continuing to improve with a significant increase in the number of companies reporting better activity levels in the past three months.

Minister for Communications Pat Rabbitte has said that although the adjustment in the upcoming Budget will be somewhat less than €3.1bn it still does not mean that it will be any easier for hard-pressed families.

17 September 2013 Employee Benefit Schemes Section 12 The Finance Act 2013 inserted a new anti-avoidance provision, Section 811B, into Chapter 2 Part 33 of the TCA 1997. An explanatory note on the new provision is contained in the Tax and Duty manuals under Income Tax, Capital Gains Tax, Corporation Tax at pdfPart 33.02.02  (PDF,… Read more »

Minister for Finance Michael Noonan has refused to say how far under the planned €3.1bn adjustment he will go in the upcoming Budget. Speaking as he arrived at the Global Irish Economic Forum at Dublin Castle, he said officials have not arrived at a final figure.