Minister for Finance Paschal Donohoe met comparison executives from Apple while on a trade goal to Silicon Valley final week, according to a Sunday Business Post. It reports that a tech giant’s seductiveness opposite a European Commission’s €13 billion taxation statute was among a issues discussed. Apple has to date lodged some-more than €14 billion into an escrow comment tentative a outcome of that authorised process.
All a Irish Sunday broadsheets lift news that AIB is seeking an prolongation of a Government’s help-to-buy intrigue over a scheduled expiry date of October. The Sunday Times Irish book records that this is being finished notwithstanding an eccentric mercantile consult that resolved a inducement had finished small to assistance kickstart new builds.
The initiative, that was announced in 2016, gives first-time buyers a taxation remission of adult to €20,000 to use as a debt deposit.
According to a Sunday Business Post, AIB is also seeking additional taxation breaks for smaller landlords, identical to those accessible to institutional investors.
The same paper reports that PwC has been allocated to examination costs during a new Children’s Hospital, that have spiralled to a projected €1.73 billion.
It also says a Department of Finance is to spend €160,000 on a story book that doesn’t cover a skill bubble, a sweeping bank pledge or a bailout programme. The book is being created to symbol a department’s 100th anniversary in 2022 though will usually cover a duration from 1958 to 1999.
The Sunday Times reports that ESB is sitting on a intensity €150 million asset if it moves to offload an approximately nine-acre repository site it has on South Lotts Road, within walking stretch of Google’s Dublin headquarters. The paper says a land sale would be a largest by a blurb semi-State association given RTÉ likely of only underneath 9 acres of land during a Donnybrook campus to Cairn Homes.
Biotech startup crashes
The same announcement says that Opsona Therapeutics, a biotech corroborated by a likes of Amgen, Novartis, Shire and Roche as good as Irish VC firms such as Seroba Life Sciences and Fountain Healthcare, is to be wound up. Kieran Wallace of KPMG is approaching to be nominated as liquidator after this month by a company, that has lifted €70 million in appropriation to date, including €5 million only 6 months ago. The paper says a hunt for a growth partner or customer for a association has proven unsuccessful.
Elsewhere a journal says private equity organisation Cerebus has been refused an focus for a outline visualisation of roughly €10 million opposite 3 businessmen compared with a Bridgeford Partnership. It also reports that a Royal College of Surgeons in Ireland is looking to explode partial of Eir’s former domicile on St Stephen’s Green to make approach for a new preparation and investigate building.
More than €80 million in loans have been supposing to Irish SMEs by peer-to-peer lender Linked Finance over a past 5 years, according to a Sunday Independent. It says some-more than 20,000 people are now purebred with a height and that lenders have warranted €6 million in seductiveness on loans of adult to €300,000.
The same paper reports that Investec is open to reviewing a preference to reason a deposition book in Ireland. The broker, that final year sensitive sell and corporate business that it would no longer be means to reason a book in a Republic due to it handling underneath a UK banking licence, has given pronounced that if Brexit-related transitory arrangements are put in place it might continue to offer deposition banking services locally.
According to a Sunday Independent, a total money on a books of a largest Iseq-listed firms fell by some-more than €1 billion in 2018 as debt rose by over €2 billion. Its research shows a money hold by a 20 biggest companies was €8.3 billion, double what it was 10 years ago.