Seen and heard: Dublin Airport’s noise quota system, new corporate tax plans to scare off investors and head of Cantor Fitzgerald to step down
DAA, which operates Dublin Airport, also wants to reduce restrictions on night-time flights by expanding its unrestricted daytime operating hours by an hour at each end, from 6am to midnight instead of the current system of 7am to 11pm.
The American Chamber of Commerce, which includes senior Irish executives from Pfizer, Google and Microsoft, has called for the government to urgently refine its plan. Documents show that global giants, industry groups and tax experts have warned the state of a number of significant risks to its plan for a new top-up tax on big businesses, as part of an international agreement on corporate tax.
The tax, which will be introduced by the Department of Finance by the end of this year, will bring Ireland up to the 15 per cent rate agreed under a global OECD deal in 2021.Ronan Reid, the chief executive of Cantor Fitzgerald Ireland, is to step down from the position in the coming weeks, it is understood, the Sunday Independent reports.
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