Kerry farmers lobby TDs over tax hit on shares
The move stems from a recent Revenue swoop on more than 400 farmers who supplied the co-op with deliveries of milk and who received shares as a form of compensation
Kerry Co-op shareholders are pressing the government to change the tax treatment of so-called patronage shares in the company.
It stems from a recent Revenue Commissioners swoop on more than 400 farmers who supplied the co-op with deliveries of milk and who received shares as a form of compensation.
Revenue claimed that as a result of receiving the shares, the farmers have a tax liability for income tax, USC and PRSI based on the market value...
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