The government has lost €400 million from a highly complex scheme that allowed companies and wealthy individuals to avoid paying capital gains tax (CGT) over a number of years.
Shelbourne owners may never see return on €230 million investment Sunday, February 07, 2010 By Ian Kehoe The owners of the Shelbourne Hotel in Dublin may never see any return on their €230 million investment in the St Stephen’s Green property. The consortium of investors, including property developer Bernard McNamara, bought the hotel in 2004 for €120 million and injected a further €110 million into a redevelopment and refit of the property.
Errors force ESRI to withdraw waste document Sunday, February 07, 2010 By John Burke, Public Affairs Correspondent The Economic and Social Research Institute (ESRI) is to withdraw a controversial report it published on waste management in Dublin because of errors in the document.
Sunday, February 07, 2010 By Ian Kehoe, Chief news correspondent Once reported to be worth €100 million, fuel distributor and hotel entrepreneur John Sweeney will this week seek bankruptcy protection for his main company
Big Brussels is watching Sunday, February 07, 2010 By David Clerkin, Markets Correspondent Irish banks that have received state aid know that the European Commission now has extensive powers over their activities
Escalating political ire fuels China’s US fire Sunday, February 07, 2010 Analysts are hoping that last week’s spat between the superpowers does not have further repercussions, writes Mairtin O’Riada in Beijing
Mandela’s jubilee evokes joy and anger in South Africa Sunday, February 07, 2010 By Bill Corcoran in Cape Town Old political comrades and family members of Nelson Mandela gathered a this Johannesburg home last Thursday to celebrate this week’s 20th anniversary of his release from prison.
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