Minister Michael Noonan this week has denied the suggestion that the Kerry Co-op farmers involved in the ongoing saga with regards to shares were discriminated against.
There are some parts that are “arguable” but the revenue has followed the necessary principle in place. Following the Revenues advice, farmers’ cases will be examined on an individual basis to see where the law stands.
Minister Noonan commented that it doesn’t matter whether you are in receipt of money in cash or in kind it is subject to be taxable.
Revenue has stipulated that farmers were paid in kind every 1000 litres at a discounted monetary value of their shares.
Minister Noonan has assured that no farmer has ever been discriminated against in this matter; just in fact that this has always been the law and that Revenue is just implementing it.
Minister Noonan has been involved in this case since the beginning and continues to monitor the situation. He also said that he has spent many years trying to reform farmers’ tax contributions for the better of the farmer.