Irish Farmers Win £20 Million In Tax Relief
Angry Irish farmers who
initiated High Court proceedings over the scrapping of a planned £20 millon
tax break were delighted when the government announced that the relief measure
would take place as originally announced by Finance Minister Charlie McCreevy.
The dairy farming industry
in Ireland began legal action last month over a block on tax relief on milk
quota purchases by the European Commission, but announced that it would be abandoning
the fight when Agriculture Minister Joe Walsh said that he had sought clarification
from the EC, and that the concessions would be going ahead as planned. The industry body, the Irish
Creamery and Milk Suppliers Association issued a statement earlier this week,
in which it welcomed the move on behalf of its members. 'This tax relief is
of major importance to dairy farmers and will mean a tax saving of over £20
million for quota purchased to date,' it explained. .
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