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international / economics and finance / press release Friday January 19, 2018 19:05 by Lydia C. Andrews
As the Senate and White House struggle to avert a government shutdown, US disaster victims from Puerto Rico to Texas worry a deal on relief and recovery aid will continue to be delayed. read full story / add a comment
Corporate tax rates set to hit zero by mid-century and Ireland gets a red card in new report released Mon 4th Dec
New report analyses developments across Europe and finds:
European governments are leading a race to the bottom which will see average global corporate tax rates hit zero by 2052. A detailed analysis of 17 EU member states and Norway reveals 12 governments have either just cut their corporate tax rate, or are planning to do so in the near future.
Ireland receives a 'red card' in the report, as one of only two countries to receive all red in a traffic light ranking scoring a number of measures identified by civil society as key steps to bring an end to tax dodging.
Half the countries analysed, including Ireland, are found to have harmful tax practices, which can be used by multinational corporations to avoid taxation.
read full story / add a comment
international / economics and finance / press release Thursday November 30, 2017 22:07 by Lydia Andrews
As the Senate pushes tax reform, the head of a religious development group expressed concern over parts of the House and Senate proposals that could harm low income people in the United States and people in the developing world. read full story / add a comment
The Irish banks are repeat criminal offenders. Back in the 1980’s, the banks helped thousands of wealthy customers to avoid their taxes in what became known as the DIRT scandal. Brian O'Boyle writes.
The DIRT scandal involved bank managers telling staff to pretend their customers were living overseas. AIB were particularly guilty of this offence eventually paying €90 million back to the Revenue Commissioners. Even when they were caught the banks illegally moved tens of millions of pounds to the Isle of Man and the Channel Islands. read full story / add a comment
More than 130 faith communities across the United States are praying and acting for hurricane victims during religious services this weekend. read full story / add a comment
IMF and World Bank Meetings Begin With Growth Forecasts and Crisis Risk Warnings; Development Group Says We Lack Tools to Prevent Next Global Economic Crisis
The International Monetary Fund (IMF) and World Bank begin their annual meetings which run between October 13th and 15th. read full story / add a comment
international / economics and finance / press release Wednesday October 11, 2017 15:39 by Abby Wilhelm
The International Monetary Fund (IMF) releases its biannual report on global economic stability and presents new indicators it says can help predict financial crisis. read full story / add a comment
international / economics and finance / press release Wednesday October 04, 2017 16:25 by Abby Wilhelm
In an interview with Fox News on Tuesday, President Trump called for Puerto Rico's debt to be wiped out. read full story / add a comment
Puerto Rico and US Virgin Island Religious Leaders Issue Debt and Aid Statement As President Trump Visits Islands
international / economics and finance / press release Tuesday October 03, 2017 20:07 by Abby Wilhelm
As President Trump visits Puerto Rico and the US Virgin Islands, island religious leaders are calling for aid, debt relief and measures to end child poverty. The statement is issued by San Juan's Catholic Archbishop, Roberto González Nieves, St. Thomas' Catholic Bishop Herbert A. Bevard and Evangelical Bible Society Head Reverend Heriberto Martínez. read full story / add a comment
international / economics and finance / press release Tuesday September 19, 2017 18:22 by Abby Wilhelm
Caribbean islands recovering from Hurricane Irma, now confront Hurricane Maria. read full story / add a comment
international / economics and finance / press release Thursday September 14, 2017 17:14 by Abby Wilhelm
On behalf of Caribbean Catholic Bishops, Bishop Gabriel Malzaire called for islands dealing with Hurricane Irma to receive debt relief. read full story / add a comment
international / economics and finance / press release Thursday September 07, 2017 16:16 by Abby Wilhelm
As Hurricane Irma heads to the US coast, a religious development group is calling for debt payments to be suspended until Antigua and Barbuda and other severely impacted Caribbean nations recover from the storm. read full story / add a comment
Representatives Carolyn Maloney (D-NY) and Peter King (R-NY) heralded the House introduction of the Corporate Transparency Act at a press conference at the House Triangle. The bill aims to prevent shell companies from hiding corrupt and criminal activity. read full story / add a comment
reland must assert its sovereignty and invest the proceeds of the AIB shares in public infrastructure, according to leading economist, Paul Sweeney of TASC.
The main reason for investing this capital in Ireland, Mr Sweeney said, is that it generates bigger returns than the savings on the interest on the national debt. Furthermore, the extraordinarily low level of public investment is manifested in the housing crisis and hospital overcrowding. read full story / add a comment
international / economics and finance / press release Thursday April 13, 2017 17:29 by 1 of indy 2 images 1 attached file
Yet another issue of the bi-monthly People's News has been published just last week and it carries an important story reproduced here on how the banks are avoiding paying tax, some at low rates comparable to the Apple deal at 2%.
There are other important articles carried too including a look inside NATO and how it's creeping influence over the EU is growing.
Yet another bank rip-off—facilitated by the Irish government
A look at NATO’s web site read full story / add a comment
The Financial Oversight and Management Board of Puerto Rico warns "the Commonwealth soon will be unable to pay essential services, including pensions, education, healthcare and public safety," as soon as June. read full story / add a comment
international / economics and finance / news report Thursday February 23, 2017 19:05 by Greg Williams
Treasury's Financial Crimes Enforcement Network (FinCEN) renewed requirements for title insurance companies to identify the real owners behind shell companies in six major metropolitan areas. read full story / add a comment
national / economics and finance / feature Thursday November 24, 2016 03:56 by 1 of Indymedia 4 images
We are republishing this article by Stephen Donnelly TD who has been doing great work in exposing how Fine Gael have gone out of their away to facilitate vulture funds who are now preying on ordinary people by charging exorbitant rents and fueling the current property and are replacing the English absentee landlord of centuries past, with ruthless vulture funds capitalists of this era and essentially introducing a form of neo-fuedalism as increasing huge swaths of the population are either priced out of buying homes, or are signing up for debt that last close to a lifetime.
read full story / add a comment
national / economics and finance / press release Monday October 31, 2016 19:09 by aaa 1 image 1 attached file
The Anti-Austerity Alliance have produced their own budget statement titled ‘From Corporate Tax Haven to Socialist Green Economy.’
This document stands alongside and compliments the joint statement issued by AAA-PBP. It outlines a detailed vision for the steps which need to be taken economically to transform the economy and society into one which puts the needs of people and the environment before the profits of big business and the capitalist system. read full story / add a comment
national / economics and finance / press release Monday September 12, 2016 22:00 by pbp 3 comments (last - wednesday september 14, 2016 21:59) 1 image
The political establishment have been left reeling by the size of the award made against Apple. They have launched an all-out propaganda war to try to recover ground.
Here are some of the lies and half truths:
‘The EU is attacking Ireland’s sovereignity’ . The same politicians who meekly accepted orders from the European Central Bank to pay out €64 billion in bank bail-outs have suddenly discovered nationalism.
When it comes to water charges or the privatisation of Aer Lingus they tell us to obey the Brussels bureaucracy. But it is a different story when there is a threat to the ‘tax planning’ industry that is staffed full of accountants and lawyers. Then all of a sudden it is time for the green jersey.
The global elite are under pressure and this is leading to splits and divisions. When this happens they spill the beans on how their system really works. read full story / add a comment