EU case could save companies millions

Irish companies are seeking refunds of tens of millions of euro from the Revenue Commissioners prior to a landmark European tax case on February 1.

11th December, 2004

Irish companies are seeking refunds of tens of millions of euro from the Revenue Commissioners prior to a landmark European tax case on February 1.

A large US pharmaceutical multinational company and a number of small Irish companies have submitted so-called “protective claims'‘ against the Revenue in their annual corporation tax returns ahead of the hearing of the case by the European Court of Justice (ECJ).

They want to offset losses incurred by their...

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