logo

Coillte  no exchequer payments  since 1989


Written in Irish Issues: 05/19/08, 13:03:34 by jonathan  | Print article  | View all categories.
Coillte has made no payments to exchequer since 1989

By ENDA LEAHY
Sunday May 18 2008
The state forestry company has been ordered by the Government to hand over some of its profits to the taxpayer after eight years of refusing to make payments.
The company and officials at the Department of Finance admitted last week that despite owning seven per cent of the country and making over 200m profits in the last seven years alone, Coillte Teoranta has never made a payment to the exchequer since it was set up in 1989.
Officials say they believe it's the only state company which has never returned profit dividends to the Government.
Source: http://www.independent.ie/national-news/coillte-has-made-no-payments-to-exchequer-since-1989-1378992.html?r=RSS