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It’s reported that staff receive perks such as car allowances and fitness instructors as well as health insurance packages for executives and their spouses.
The 9 stories you need to know this morning, including the latest on the woman’s body found in a bag in Dublin, today’s EU summit, and the banker who is giving back his bonus…
The head of Royal Bank of Scotland is on a salary of £1.2 million (€1.4 million) and last year received a bonus worth around £2 million (€2.38 million).
Staff are balloting for strike action after the building society said there would be no traditional Christmas payment for employees. The payment has been made every year for the past 45 years.
Dominic Hannigan, the Labour Party TD, has said this highlights the need for increased powers for Oireachtas committees, which will be decided by referendum next month.
The Minister for Finance has asked that the board of the newly formed IBRC continue to push for the return of €1 million paid to the former Irish Nationwide chief in 2009.
THIS WEEK, IRELAND’S main political parties are expected to give more specific details of their plans on taxes and public spending if they form the next government.
It’ll come the same week as world leaders and influential heads of business descend on the Swiss resort of Davos for the annual World Economic Forum.
Ahead of the summit, Oxfam has reported figures which show that the world’s 2,153 billionaires own more wealth than the 4.6 billion poorest people who make up 60% of the world’s population.
The charity has called for governments to crack down on tax loopholes and to create fairer fiscal systems to allow for greater investment on public services.
One proposal would be to bring in a 0.5% wealth tax on the 1% of the State’s highest earners, which it’s estimated could add around €2 billion a year to the Irish economy.
But what do you think? Should the next Government introduce a wealth tax?
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Clouds breaking for some sun
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