Analysis: Zombie firms must be allowed to die once Revenue debt deadline passes

The end of Revenue’s debt warehousing scheme is likely to cause a spike in insolvencies which experts say shouldn’t be artificially avoided

Shoppers walk past a Dublin store: many retail businesses owe significant amounts of warehoused tax to the Revenue Commissioners. Picture:

When it comes to business failures, insolvency practitioners can often be apprehensive about saying the quiet part out loud. They know how it can be perceived: rapacious farmers voting for a turkey massacre at Christmas.

“There’s nothing worse than an arrogant liquidator,” one industry figure admitted last week, in a burst of gloomy introspection. “Trying to sound like he’s helping businesses...”

Yet as the Business Post reported on Sunday, many of these liquidators – buttressed ...