Monthly Archives: November 2010
In light of the Ireland’s economy, here are a few facts brought together by some of the expert commentators:-
Ireland’s economy is effectively bankrupt and the big concern is that the debt crisis could spread to Portugal and Spain, Italy and even France where their deficit credentials are deteriorating by the day.
The concern was that Ireland was resisting pressure to take a European handout, but there is confidence that European ministers, having met in Brussels, are about to announce a recue package.
American markets are affected by the Eurozone crisis, but also by possible steps by governments in Asia to slow fast-paced growth prompting investors to stay away from risky assets.
Asian stocks have dropped due to concern that China will take further measures to slow economic growth.
UK markets have remained relatively stable and even shown positivity due to the possible imminent Irish bail-out.
Although UK tax payers are likely to be asked to help bail out Ireland, the effect on the UK economy should not be devastating.
The real problem for the UK would be if the other larger European economies mentioned here fail.
But, the immediate danger in Ireland would appear to be containable if the bail-out happens.
The UK may still suffer due to; a further fall in the Euro, increase in public debt due to a bail-out, British banking losses as a result of Irish banking exposure, and a reduction in Irish exports.
However, commentators think we could sustain all of that. The bigger issue would appear to be if Ireland leaves the Euro…
As normal we monitor the markets on a daily basis and so are in a good position to respond quickly to any changes in trends.
- Increase In Investigations Into Inheritance Tax
- A Sea Change for Landlords?
- What Exactly Are the Tax Implications of a Civil Partnership?
- The long arm of HMRC?
- Could IHT actually be abolished?
- Entrepreneurs Protect Your Wealth!
- Where there’s a Will there’s a way …
- The Tax Gap
- IHT Gifts to Charity
- What’s the Point of Marriage?
- Can An Executor be liable for Inheritance Tax?
- The Dangers of Poor Tax Advice
- Wealth Inequality
- New Record High For Inheritance Tax Payments
- Inheritance Tax Rules Baffle Older Generations
- Inheritance Tax Review Ordered by the Government
- The Passing Of Business Shares On Death
- Inheritance Tax Planning for Cohabiting Couples
- HMRC Challenges Tax Avoidance
- 3 things to consider when thinking of selling your business