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Large Longford employer denies using legal loophole to avoid tax

Sep 15, 2021 13:09 By Shannonside News
Large Longford employer denies using legal loophole to avoid tax Large Longford employer denies using legal loophole to avoid tax
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The group has made the allegations in a new report.

A company, which employs hundreds of people in Longford, has denied claims from a charity that it is using a complicated legal system to avoid paying tax on profits from Covid testing kits.

Christian Aid claimed that Abbott made use of a special tax structure, involving the use of Malta, to avoid paying tax.

The Irish Times reports that the firm was accused of using a 'single Malt' type structure, which the Irish government had said it was abolishing two years ago.

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However, the company says that it has complied with all applicable local and international tax laws and regulations including Ireland, Malta and developing countries.

It also denied that it had ever used the 'single Malt' structure.

Christain Aid has called on the Irish government to close the tax loophole it suggests is affecting developing countries of much-needed tax revenue.

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