Is your business cash working? 💼
Target returns of 8% p.a. with terms from 3 months.
⚠️ Investments involve risk, including potential loss of capital
🔗 Full risk warning https://t.co/nFWwTdeSpM
📄 KIIS: https://t.co/DGGkUvFiZK
🌐 https://t.co/zd2BmAJAgT
@Nick_Delehanty Well the top reason story yesterday was mcgregors house extension. I cant imagine any other country where that would even be a news article.
From yesterday's Sunday Business Post :
https://t.co/PVJ66TxoJY
"The resulting policy contradiction means that an Irish saver who buys shares in a large US technology company through an SIA will pay no capital gains tax or dividend income tax, up to the relevant threshold. Someone investing the same amount in an Irish business that is building homes or creating jobs through a regulated Irish platform will face 33 per cent CGT, or 38 per cent exit tax on certain funds, including deemed disposal.
"That is not a level playing field. It’s an incentive to send Irish savings to Silicon Valley while starving Irish businesses of the capital the SIU was designed to give them."
SME builders delivered two-thirds of Ireland’s new homes over the past five years – yet 9 in 10 build fewer than 50 units a year. 🏘️
Our CEO David Jelly explains why access to finance matters.
📰 Read more: https://t.co/uX7Z69syBn
#Housing#DevelopmentFinance
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💸 Target returns up to 7.5% p.a.
⚠️ Investments involve risk, including potential loss of capital
🔗 Full risk warning https://t.co/nFWwTdeSpM
📄 KIIS: https://t.co/DGGkUvFiZK
🌐 https://t.co/zd2BmAJAgT
@ReginaDo While I welcome this announcement, it will incentivise investment into US tech companies. At the same time, P2P lenders who lend money directly to Irish SMEs face a 50% tax on returns. How does that make sense?
@Robcass78 As you know Rob, P2P companies who actually are lending money directly to SMEs are crippled with a 50% income tax on returns. You couldn't make it up.
@0x445352 2/2 And at the same time, the Government uses taxpayers’ money to fund HBFI — directly competing with and crowding out banks and the wider lending market.
So private Irish capital gets taxed out of housing, while taxpayers money is used to replace it.
How is that sensible policy?
@0x445352 1/2 We are the only CBI-regulated platform taking money sitting in Irish deposit accounts & channelling it directly into Irish house building.
The Gov’s response?
Tax our lenders at up to 50%, while giving tax relief to people investing that same money in int. equity markets.
@IrishTimes Because people are hellbent on conserving anything that is old (even if it has no architectural or historical significance) when it's completely unviable.