Revenue to review Eircom’s Esot

The Revenue Commissioners is expected to resist efforts by the Eircom employee share ownership trust (Esot)t o continue making tax-free payouts to its members.

8th August, 2009

The Revenue Commissioners is expected to resist efforts by the Eircom employee share ownership trust (Esot)t o continue making tax-free payouts to its members.

The Esot, which is estimated to have paid more than €750 million to its members to date, is seeking ‘‘certain confirmations’’ from Revenue as part of the likely takeover of Eircom by Singapore Technologies Telemedia (STT).

However, sources said that Revenue would be ‘‘looking long and...

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