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Business Today |
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Thursday, 07 May, 2026 | | |
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Editor's Note |
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Good morning, reader |
Stronger-than-expected out-turns in income tax, VAT and corporation tax in the first four months of the year have boosted public finances, despite the impact of the Iran war, the latest exchequer returns show. However, writes Eoin Burke-Kennedy, the absence of once-off receipts arising from the Apple tax ruling, which boosted last year’s numbers, left an exchequer deficit of €4.7 billion was the period compared to a surplus of €2.8 billion at the same time last year.
Speaking of finances, Irish electricity prices are the highest in the European Union, new data from Eurostat has shown, with consumers here paying almost 40 per cent more than the average in the region - an extra €480 a year on average. However, Ciara O’Brien reports, gas prices are slightly below the EU average.
Irish aircraft lessors could be caught in the fallout from the failure of Spirit Airlines, the troubled US carrier forced out of business last weekend by soaring fuel prices. Dublin-based aircraft lessors Aercap, SMBC Aviation Capital and others provided Airbus aircraft to the airline, which ceased operations on Friday, writes Barry O’Halloran.
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Dominic Coyle |
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