Seen & Heard: Regulator blocks Eir price cut; Covid tax debts; IDA warns of EU rivals; and fears of ‘Celtic Tiger’ spending
Eir claims ComReg block on price cut puts €2bn fibre roll-out at risk
Loomes said that ComReg restriction was preventing Eir from competing on a level playing field with Siro, a joint venture between ESB and Vodafone, and Virgin Media. He added that there is a real danger that Eir’s biggest shareholder, a company owned by French businessman Xavier Niel, might slow down fibre roll-out.The Sunday Independent reports that 259 businesses in the Republic have over €1 million of Covid-era warehoused tax debt, with a further 393 owing between €500,000 and €1 million.
An annual rate of 3 per cent is currently being charged on outstanding amounts, though this is well below the normal rate on overdue taxes of 8-10 per cent.The chief executive of IDA Ireland, Michael Lohan, said the Republic faces “aggressive” competition from some of the largest EU countries for foreign direct investment , the Sunday Independent also reports.
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