Posts Categorized: Practicenet News

First time buyers less likely to fall behind on mortgage payments – research

New research from economists based in the Central Bank shows that first-time buyers have lower default rates than other participants in the housing market. The research appears to bolster the case for the Central Bank easing off on plans to impose strict lending restrictions on first-time buyers. The findings from the new economic paper were… Read more »

UK ‘Google tax’ will target ‘Double-Irish’ inter-company payments

A new British tax on companies that shift profits out of the country and into tax havens will target inter-company fees for services like use of intellectual property, according to a Treasury document seen by Reuters. Companies will also be required to report their potential liability to the new tax, which the note said will… Read more »

Irish family businesses lag behind competitors in global poll

Irish family businesses need to adapt faster and become more professional, according to a new report from PwC. PwC’s ‘Irish Family Business Survey’ for 2014 also shows that compared to other Irish business sectors, family businesses here see themselves as less entrepreneurial than their international counterparts. PwC’s Irish Family Business Leader Paul Hennessy said that… Read more »

Euro zone morale improves in December on prospect of ECB money-printing

Sentiment in the euro zone picked up in December as investors took a brighter view of the future, probably due to expectations that the European Central Bank will start buying assets next year, a survey showed on Monday. Sentix research group’s index tracking morale among investors in the euro zone climbed to -2.5 in December… Read more »

Government asks Central Bank to ease mortgage deposit rules

THE Government wants the Central Bank to ease the introduction of strict new rules on mortgage borrowing by introducing the changes gradually. In a submission to the Central Bank which will be lodged today, the Department of Finance will offer broad support for the regulator’s controversial plan to tighten the lending rules while calling for… Read more »