19 thoughts on “De Thursday Papers

  1. Big Mike

    Always an option for Ryanair to move operations out of Dublin altogether. Keep an EU tax office and nothing else.

    Lots of higher value (not necessarily low cost) locations in UK, mainland Europe and elsewhere on island of Ireland.

    Aer Rianta mentality still lingers unfortunately.

  2. SOQ

    Stocking up on food, medicines and hairspray post Brexit but no mention of…. contraceptives? Oh the irony of the English coming over here to buy their condoms…

    1. Gabby

      Now the Brits can can take the boat (while Ryanair is stalled) to pagan Dublin for safe sex holidays.

    2. ReproButina

      I don’t believe people should be concerned that we’ve told them to put on their life jackets and assume the crash position. Far from being worried about preparations that we’re making, I would say that people should take reassurance and comfort from the fact that we’re saying you know what we’re going to be responsible about this we’re going to be sensible about this but let’s prepare for every eventuality.

      1. SOQ

        The most likely eventually right now is that they crash and burn and the ripple effects will be felt worldwide.

        Stock pilling is as far from reassurance as it gets because if the food shelves empty there will be a complete breakdown in order and riots on the streets.

  3. Spaghetti Hoop

    Mr. O’Callaghan was a Blood Bikes volunteer. Such an awful way to die on his honeymoon, RIP.

    1. Spud

      Awful tragedy. Should be the happiest time of their lives and now this.
      Only recently another poster mentioned the fantastic work those volunteers do for her ill son.

  4. johnny

    Speaking in the Dail,on Monday,as if-actually no it’s a small little island in the Caribbean that’s standing up to Dennis O’Brien/Digicel.

    Nothing really ‘new’ on Digi,they are under contact to sell more assets (cell towers),market sentiment on their ability to refinance their bonds continues to be negative.

    “Speaking in Parliament on Monday, Antigua and Barbuda Prime Minister (PM) Gaston Browne gave notice to telecommunications providers Digicel and FLOW that his government would no longer honour tax concession agreements signed by the former United Progressive Party (UPP) administration.”

    https://www.thedailyherald.sx/regional/78903-pay-taxes-or-leave-antigua-barbuda-pm-tells-telecommunications-firms

      1. johnny

        They are anticipating a court challenge as it appears similar to Apple,in that the prior govt made some deal.

        “If they want to go court let them go to court. For example, we have two telecommunications companies that would have entered agreements with the former administration that resulted in the exemption from the payment of taxes for a number of years,” Browne said.”
        (link above)

        From the local reporting it looks like Digi pays NO taxes at all,reveneue is flat or failing so any increase in local taxes will negatively affect cash flow further impacting EBITA,with a resultant sell off in their bonds.Estimates on the ‘break up’ value or possible merger/take over price are in the 50-60 % of outstanding debt range.Essentially the richest man in Ireland’s entire equity stake in Digital is now worthless and imperils his entire empire, which was built on debt.

        “Truth be told, we have a problem of tax collection within this country. Presently, we are only collecting approximately 17 percent of GDP and we should be collecting on average 25 percent of GDP. That is the standard that has been set for developing countries globally,” he said.”

        https://antiguaobserver.com/time-to-stop-tax-evasion-in-ab-pm-browne/

        A much bigger problem for Digi and Dennis is Haiti,where the country is starting to become again ungovernable.This is one the better pieces I’ve come across recently on Haiti-its Digi’s biggest market and Dennis has invested significant capital and his reputation on a country that’s rapidly slipping into anarchy.

        http://theconversation.com/haitis-deadly-riots-fueled-by-anger-over-decades-of-austerity-and-foreign-interference-100209

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