Redundancy scheme
Leo Varadkar has announced a new scheme to ensure workers taking redundancy are not left “out of pocket” for time spent on pandemic support schemes.
On Tuesday, the Cabinet signed off on plans to restore workers’ rights to request redundancy and put measures in place to ensure they are not short-changed for time spent on the pandemic unemployment payment (PUP).
The right of employees to request redundancy if their hours are significantly cut was suspended during the pandemic, amid fears that a flood of requests would cripple businesses.
The Government is now covering the statutory redundancy costs for that period, with a maximum payment of up to €1,860 per worker.
Rugby star in court
Former Irish rugby international Brendan Mullin is to face trial accused of deception, false accounting and theft of close to €600,000 from Bank of Ireland where he held a senior executive position.
Mullin (57) appeared at Dublin District Court on Tuesday following an investigation by the Garda National Economic Crime Bureau (GNECB) into bank fraud allegations going back a decade.
The former rugby star won 55 Irish caps between 1984 and 1995 before he went into financial services and became managing director at Bank of Ireland Private Banking Ltd.
Corporate tax reform
The Public Expenditure Minister has insisted that Ireland has yet to make a decision about whether to sign up to a new global deal on tax reform.
Michael McGrath, speaking on Tuesday at an event organised by the Institute of International and European Affairs, said that Ireland would “ultimately make a judgment call when we have all of the facts and all of the information”.
Earlier, Tánaiste Leo Varadkar said a change to the State’s 12.5 per cent corporation tax “won’t impact the average Irish business”.
The Government remains in talks with the Organisation for Economic Co-operation and Development (OECD) about proposed reform of global tax rules, already signed up to by 130 countries.
Criminal assets seizures
Cars, Rolex watches and €51,000 in cash were among the notable seizures in a large Criminal Assets Bureau (CAB) operation involving 150 officers today.
CAB conducted a search operation in Newbridge, Co Kildare this morning, with two men arrested along with the seizures.
