Aughinish Alumina to Pre-Pay Co Limerick Plant Closure, Environmental Repair Costs
Aughinish Alumina must pre-pay closure and environmental repair costs for its Co Limerick plant under a new State agreement. Europe faces an influx of non-compliant, tax-evading Asian vapes. Pressure mounts for tax relief in the October budget amid a cost-of-living crisis and high tax rates.
Aughinish Alumina will be required to pre-pay the costs associated with closing its Co Limerick plant and remediating environmental damage in the surrounding area, following a new agreement reached with the State.
The head of the EU’s anti-fraud office has reported that Europe is experiencing an influx of inexpensive vapes and e-cigarettes from Asia. These products frequently fail to comply with EU safety regulations, evade customs duties, and occasionally contain harmful or illicit substances.
Amidst an ongoing cost-of-living crisis, and with over one million taxpayer units now subject to the higher 40 percent income tax rate, there is increasing pressure to provide some form of relief in the upcoming October budget. Eoin Drea notes that while government parties continue to anticipate income tax reductions in future budgets, most economists are forecasting various degrees of financial instability.
Bernice Harrison reports that despite FIFA president Gianni Infantino stating no additional revenue is generated, and widespread disapproval from stadium attendees and television viewers, the hydration breaks implemented in the current World Cup have proven to be a significant financial boon for the tournament.