Monday June 1, 2020

Revenue owes ‘free energy’ firm Steorn almost €300k

The company is owed the sum in special tax credits designed to stimulate innovative research in Irish business

Barry J Whyte

Chief Feature Writer

@whytebarry
5th March, 2017
Shaun McCarthy founded Steorn

Steorn, the company that promised to devise a source of free energy in defiance of the laws of physics, is still owed nearly €300,000 by the Revenue Commissioners in research and development tax credits. The company, which went into liquidation last week and is winding up its financial affairs, is owed €296,915 in special tax credits designed to stimulate innovative research in Irish business.

A statement of affairs for the company shows that it has...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 4 weeks ago

What’s coming up today and what you might have missed

Hannah O’Brien | 5 months ago