Tax paid by farming companies
McCreevy asked for corporation tax and directors’ income tax from farming companies for 1974–1984. Dukes said the figures are unavailable without costly file reviews, are thought negligible, and are excluded from annual estimates of tax paid by farmers.
asked the Minister for Finance the amount of corporation tax and tax on directors' fees and salaries of those companies who are engaged in farming for the years 1974 to 1984; and if this figure is included in the amount given as the return of tax from farmers annually.
Comment on this
I have been advised by the Revenue Commissioners that the information sought is not available and that a detailed examination of individual tax files which could be carried out only at a disproportionate cost would be required to obtain it.
The amounts of corporation tax paid by companies on their farming profits are thought to be negligible and neither these amounts nor the income tax paid by directors on their fees and salaries are included in the estimates of the annual income tax paid on farming profits.