Business Today: Refurbed closes €54m funding, struggling artists and art for taxes sake

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Spotify, the world’s largest music streaming service, is poised to adjust its royalty model in the quarter of 2024 so that a new minimum annual threshold for streams will apply before a track becomes eligible for royalties.has closed a $57 million fundraising round as it seeks to grow its business. The company, which has operated in Ireland since 2021, also said it expected to reach profitability here later this year. Ciara O’Brien has the details.

It may have been a relatively minor amendment in this year’s budget, but the decision to increase the amount the State will accept as part of theis a sign that a growing number of people are looking to gift works of art or literary importance – in return for tax relief, writes Fiona Reddan.paying music artists tiny fractions of a cent for each play of their tracks, but this glum ballad is now being remixed into something even more downbeat.

Dominic Coyle in Q&A answers this from a reader: I’m currently renting a property, the owner of which is in a nursing home under the Fair Deal scheme and in receipt of the state pension. My question is whether I am eligible to claim theand if, in doing so, there will be an impact on the homeowner’s pension payments. Due to the nature of the arrangement, the lease is not registered with the RTB, but I understand this was not a requirement previously.

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The Irish Times Business Awards in association with Bank of IrelandNow in its sixth year, the Business Awards acknowledge excellence and outstanding achievement among Irish business leaders, both at home and abroad, and executives leading major multinational companies in Ireland. Each month, a winner is selected by The Irish Times business team, led by Business Editor Ciarán Hancock.
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