We need a new Ray MacSharry, with steel, to enact reforms Ireland needs

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By Cormac Lucey Last week Danny McCoy, chief executive of the employer’s group Ibec, warned that excessive wage inflation could undo Ireland’s hard-won economic recovery. “Right now, we’re burning through our competitiveness in a way that’s more severe than during the Celtic tiger,” he asserted, pointing to evidence on his very doorstep. Rents on Baggot Street in Dublin 2 (where … Read More

Forget Brexit shockwaves, we should be braced for Corbyn’s entrance, stage left

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By Cormac Lucey There are many economic risks currently facing Ireland. In terms of media airtime, Brexit would seem to be the biggest. Yet, as Irish Fiscal Advisory Council chairman Seamus Coffey warned last September, the EU’s plans for corporation tax harmonisation “pose a bigger threat”. Then there are the dangers posed by the game of chicken that the US … Read More

Plain packaging: Five Years of Failure! An open letter to WHO Director Dr. Tedros Ghebreyesus

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“Five Years of Failure!” That’s the message a global coalition of 62 think tanks and rights advocates are sending to the new WHO Director Dr. Tedros Ghebreyesus in reference to the plain packaging policy the organization continues to promote.   Five years ago, Australia became the first country to fully implement plain packaging by denying all trademark usage rights for tobacco … Read More

EU plans to harmonise corporation tax will bring little in the way of harmony

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By Colm McCarthy Ireland’s agenda with the European Union is getting complicated. After five years of strong recovery, the country’s economic prospects are exposed to developments in EU policy under three headings. There will be profound effects from Brexit about efforts to harmonise corporation tax and about future governance of the eurozone. And the next slowdown, whenever it comes, will … Read More

Ireland leads World Electoral Freedom Index, according to international study

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The index measures over 50 indicators for 198 countries around the world. Countries are classified and ranked according to their electoral freedom. Ireland ranks first, Australia 5th and the UK 9th in the 2018 edition. Canada is 26th, New Zealand 39th and the USA 44th. READ OR DOWNLOAD THE FULL PDF DOCUMENT OF WEFI 2018 AT http://bit.ly/WEFI2018 February 2nd. Led … Read More

At least EU Commission’s bite of the Apple has lifted the veil of Irish tax secrecy

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By Cormac Lucey The Irish constitution, Bunreacht na hEireann, contains some important yet mostly overlooked provisions on financial matters. There are only two members of the cabinet who must, according to the constitution, be members of Dail Eireann: the taoiseach and the finance minister. And only the Dail can initiate legislation that provides for the raising of taxes or the … Read More