In brief: Irish fears as Obama urges end to tax breaks for US firms setting up abroad
Published 17/10/2010 | 05:00
US President Barack Obama has urged Congress to end tax breaks that reward American companies with overseas subsidiaries and encourage them to create jobs abroad.
At issue is a bill, now stalled in the Senate, that would do away with some tax credits and deferrals for US companies with operations abroad. Ireland, a favoured destination for many US multinationals, would be among the destinations most concerned about any change in the tax laws.
"There is no reason why our tax code should actively reward them for creating jobs overseas," Mr Obama said.
No winner of €13.5m Lotto jackpot
THERE was no winner of last night's €13,466,326 Lotto jackpot. The numbers were 1, 13, 15, 24, 40, 45 (bonus 36) There were 2 Match 5+bonus winners who will each receive €25,000; 102 Match 5s (€1,587); 227 Match 4+bonus (€178); 4,645 Match 4s (€54); 6,055 Match 3+bonus (€27); and 76,796 Match 3s (€5).
The Lotto Plus 1 numbers were 2, 9, 15, 19, 34, 38 (bonus 8). The Lotto Plus 2 numbers were 16, 26, 27, 38, 39, 45 (bonus 30). In the UK draw for an estimated stg£4.5m (€5.15m) prize, the numbers were 6, 30, 34, 38, 45, 48 (bonus 32).
Man arrested after assault on woman
A woman was seriously assaulted in the early hours of yesterday morning in Galway city. She was attacked shortly after 3am in the Bohermore area. She was recovering at University College Hospital yesterday.
Gardai refused to confirm if the woman was sexually assaulted but said she suffered extensive injuries. A man was arrested yesterday and was being questioned yesterday.
"This was a very serious assault and we are appealing for witnesses," said a garda spokesperson. An incident room has been set up at Mill Street station (091-538000).
Two arrests after bomb found in car
Garda and Army authorities had the fourth successful strike against dissident republicans with the discovery of a bomb in a car in Waterford. An improvised explosive device was found after armed gardai stopped and searched the car on the outskirts of Waterford city on Friday night. Two men were arrested under anti-terrorist legislation.
An Army bomb disposal team was called in and the device, a viable bomb, was made safe. The dissidents involved were believed to belong to the Real IRA.
FG will back four-year budget plans
FINE Gael TD Leo Varadakar has said his party would support the Government's four-year plan to reduce the budget deficit to 3 per cent by 2014, but stopped short of pledging support for its proposals for reaching that target.
Addressing the Dublin Economics Workshop in Kenmare, Co Kerry, yesterday, he said Fine Gael favoured a deficit reduction plan involving three parts spending cuts and one part tax increases.
Two released in teen murder probe
GardaI investigating the murder of 18-year-old Niall Dorr in Dundalk, Co Louth, have released two men without charge. A file is to be prepared for the Director of Public Prosecutions. A third man is still in custody.
The teenager and well-known sporting figure died on Thursday, a day after he was attacked by a group of up to seven people in Dundalk town. Mr Dorr was with two friends walking down Castle Road just after 9pm on Wednesday when a row broke out. He was taken to hospital after he was assaulted in the altercation. He died Thursday night in Our Lady of Lourdes Hospital in Drogheda.
Lawyer praises Bloody Sunday inquiry
One of Britain's most celebrated barristers, Michael Mansfield, yesterday revealed that the culmination of the Bloody Sunday Inquiry was the most emotional day of his career.
The leading human rights lawyer represented a number of families during the long-running inquiry. Thirteen marchers were shot dead on January 30, 1972, in Derry when British paratroopers opened fire on crowds at a civil rights demonstration.Mr Mansfield, 69, said: "It took a long time, it certainly did, but it was worth every penny."
Search is on to fill 'Tiny Tim' role
The search is on for a Tiny Tim to star in the hit musical Scrooge, in which Tommy Steele plays the lead. The musical will run in the Grand Canal Theatre from Tuesday,
December 7, for four weeks. The deadline for applications for the part of Tiny Tim is tomorrow week, October 25.
Mulhearn leaves estate valued at €10
Businessman and horse trainer John Mulhearn, the son-in-law of former Taoiseach Charles Haughey, has left estate valued at €10. The figure is given in documents lodged in the probate office in Dublin last week. Mr Mulhearn once owned the Findus frozen food franchise and was married to Charlie and Maureen Haughey's only daughter, Eimear.
Mr Mulhearn, a retired company director, of Meadow Court Stud, Maddenstown, The Curragh, Co Kildare, who died on March 15, 2010, at the age of 69, made a tax settlement of €1.4m months before his death. The settlement, which included €887,000 in interest and penalties, was for under-declared income tax and capital gains tax.
Documents filed on October 5 grant Letters of Administration from the personal representatives of Mr Mulhearn to solicitor Maureen Black of Main Street, Malahide, Co Dublin, to act for the estate and defend proceedings taken by Thomas G Marren and Lorna McAuliffe, practising as Reddy Charleton McKnight, solicitors. The firm declined to reveal the nature of these proceedings. The value of the estate excludes anything that may have been held in trust by Mr Mulhearn.
Other wills: Eamon P Mulcahy, a retired shopkeeper of Nutgrove Ave, Rathfarnham, Dublin, who died on December 12, 2008, left €2,756,318; Mary C Doggett, housewife, of Mount Prospect Lawns, Clontarf, Dublin, who died on April 9, 2010, left €1,329,945; Henriette Schmidt, housewife, of Crosshaven, Co Cork, who died on the May 1, 2010, left €1,269,743 and Margaret Doherty, a retired housewife, of Tashinny, Ballymahon, Co Longford, who died on February 27, 2007, left €1,0550,055.
The value of wills include property, including the family home, and should not be regarded as cash amounts.