SGC Business

Todays Dublin Bus strike does not go ahead as NBRU , Dublin Bus and WRC work towards finding a solution. Union members have agreed to talks as long as pay increases of over 8.25%  is on the agenda. This is an example of a ‘Cost of living’ pay demand by NBRU members. 

Government has committed about €600m to spending hikes, with €300m for tax savings.

Possible changes

1. Cut USC ( although this generates €4bn annually)
2. PRSI increases for the self-employed
3. Reduction on D.I.R.T from 41% to 38%
4. Create incentives for first time buyers
5. Increase the minimum wage by 10 cent
6. Increase in excise duties

Overall, it is expected that the biggest cuts will be to people earning over €70, 000.

Have a look at the findings from a recent survey by the Sunday Business Post

O

Coca-Cola has announced plans to invest €26 million at its Ballina plant.

The company has a long history of investment and employment in Ireland starting in 1934 and it now employs 1750 people across six locations in Ireland and Northern Ireland.

The CEO of Coca Cola is Muhtar Kent.

Did you know that Coca-Cola is Ireland’s biggest selling brand eleven years in a row!

Sources :Sunday Business Post 4/9/16, Top 100 Brands Checkout magazine 2015, Joe.ie, Google Images.

The EU commission is to order tech giant Apple to pay back taxes  to the Irish State from over 25 years ago. These taxes are as a result of sweetheart deals agreed from 1991 and 2007.

This will be very difficult politically for our current Government.

St Gerald’s Business department would like to welcome back all of its students for the academic year 2016/17. Stay up to date with business news, SGC business competitions, class work , notes and presentations throughout the year.

Best wishes to all of our Accounting, Business and Economics students in their upcoming examinations.

All first year Business Studies students worked in teams over the past number of weeks to make presentations on the Financial Institutions operating in Ireland. Well done to all students involved.