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Corcaigh, Ireland

Tag "tax"

State must increase taxes to benefit from West Cork oil finds

WEST Cork Sinn Féin have issued a statement calling on the Government to look at the current tax regime in light of recent oil and gas discoveries off the West Cork coast.   The recent announcement by Providence Resources regarding the extent of oil and gas in its Barryroe field, is to be welcomed. It is estimated that there may be up to 1.6 billion barrels of oil which at

TD “shocked” by increase in tax arrears

A WEST Cork TD has expressed his shock at figures supplied to him by the Minister for Finance, Michael Noonan, which reveal that the amount of tax owed to the Revenue Commissioners has doubled since 2007. Clonakilty-based Fine Gael TD Jim Daly said that the figures represented a shocking increase in just four years, adding that they underline the hardship facing businesses nationwide. “Small business owners are seriously suffering in