According to Revenue figures released between April and June, twenty parties reached tax settlements totaling €11.6 million, with unpaid liabilities and multi-sector under-declarations driving the latest compliance interventions. State tax data shows that more than €6.7m of that combined sum remained unpaid by the end of June, spanning medical professionals, landlords, company directors, and PAYE … Read more
Medical device giant Boston Scientific has laid the groundwork to shift $15 billion (€12.8 billion) in dividends out of the country following a major corporate restructuring, according to company filings. An Irish-based entity holding more than $20 billion in intellectual property completed the balance sheet reorganization in March, unlocking substantial capital distributions to its immediate … Read more
Online retail giant Kogan has posted a record $1.042 billion in gross sales for the financial year, defying a wider sector downturn while facing a sharp 16.41 per cent plunge in its share price. According to company results released to the market, total group revenue rose 5 per cent to $510.7 million, while statutory net … Read more
HMRC has pulled in £322.7billion in tax and National Insurance contributions during the opening four months of the 2026/27 fiscal year, according to official figures. Income Tax and National Insurance Drive £19.1B Surge The lion’s share of the increased tax haul came from income tax, capital gains tax (CGT), and National Insurance contributions. According to … Read more
CDC Data Centres’ New Zealand subsidiary recorded a net loss of $87.7m for the 2026 financial year, despite generating a gross profit of $117.3m. According to company filings, the loss was driven by $145.6m in fair value write-downs on investment properties, foreign exchange volatility, and rising debt costs, contrasting sharply with a $637.6m profit in … Read more
A new €3 duty on small parcels originating from outside the European Union took effect this week, marking a significant shift in how Irish consumers pay for international online orders. According to official reports, the charge applies to individual product categories for items purchased from non-EU retailers, ending the previous “de minimis” exemption that allowed … Read more
Tánaiste Simon Harris and Minister for Enterprise Peter Burke have stated that a permanent reduction in the VAT rate for restaurants, bars, and hotels from 13.5 per cent to 9 per cent is not expected to be passed on to customers. The officials clarified that the €681 million measure is intended to bolster business viability … Read more
U.S. President Donald Trump threatened on Friday to impose a 100% tariff on goods from any country that implements a digital services tax targeting American companies. The warning comes just one day after European Union nations met a July 4 deadline to reduce tariffs on U.S. goods, a move intended to meet commitments under a … Read more
A proposed update to the California Department of Aging’s intrastate funding formula could result in significant service reductions for older adults in Los Angeles County. According to Maral Karaccusian, director of the Los Angeles County Aging and Disabilities Department, a projected 17% funding cut would lead to nearly 343,000 fewer meals provided to seniors annually … Read more
Australia’s medical technology sector has sounded a formal alarm over the federal government’s latest budget, warning that proposed tax changes could undermine the viability of health startups. Nine peak industry bodies, including AusBiotech, Bio NSW, Life Sciences Queensland, BioMelbourne Network, and Life Sciences WA, have united to send a joint letter to Treasurer Jim Chalmers, … Read more