Structure & Ownership Changes (Leaving Cert Business): Flashcards
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Privatisation definition
Privatisation definition
Govt sells state-owned co to private investors via share flotation
Nationalisation definition
Nationalisation definition
Govt takes control of privately-owned company or asset
Corp tax rate for private limited co in Ireland
Corp tax rate for private limited co in Ireland
12.5%
Growth pathway for raising finance (4 stages)
Growth pathway for raising finance (4 stages)
Sole trader→partnership→private ltd co→PLC
Limited liability benefit for owners
Limited liability benefit for owners
Personal assets protected if business fails
Privatisation benefit: efficiency reason
Privatisation benefit: efficiency reason
Profit-motivated owners reduce costs & improve services
Privatisation benefit: govt revenue use
Privatisation benefit: govt revenue use
Fund public services, reduce debt, improve finances
Nationalisation benefit: public interest
Nationalisation benefit: public interest
Essential services controlled by state, not profit-focused
Nationalisation benefit: employment
Nationalisation benefit: employment
Greater job security & better working conditions
Anglo Irish Bank nationalisation amount (2008)
Anglo Irish Bank nationalisation amount (2008)
€3.7 billion injected via National Pension Reserve Fund