Larry Goodman
Sir, – I refer to the article by Colm Keena headed “Goodman company owner paid little tax on €52m profit” in The Irish Times of April 24th.
The article was misleading and damaging to the group as it did not give a fair reflection of the taxes paid. The group, which is headquartered in Ireland and has successful operating plants in Ireland, UK, Poland, Holland, Denmark, Austria and Spain, pays substantial millions in corporation taxes on the profits earned and is tax compliant in all jurisdictions in which it operates.
The article, which concerned part of the financing structure of the overall group, implied a tax rate for the entire group by reference to the rate of tax paid by selective holding/financing companies within the overall structure. For the accounting year ended March 31st, 2014, the effective rate of corporation tax for the entire group was in excess of the Irish corporate tax rate.
Yours, etc,
LJ GOODMAN,
Executive Chairman,
ABP Food Group,
Ardee,
Co Louth.
Meanwhile….
“The Revenue Commissioners are reviewing the international corporate structures used by Larry Goodman’s ABP Food Group and other businesses, in the light of details made public last month.”
“The move comes in the wake of reports in this newspaper about a group of companies based in Luxembourg, the accounts of which show massive inter-group loans and dividend payments that are only lightly taxed. A company called Parlesse Investments Sarl has booked profits of approximately €280 million between 2010 and March 2013, and paid tax of approximately €800,000…Mr Goodman is a former director of the company.”
Hmm.
Context: Goodman company owner paid little tax on €52m profit (Colm Keena, Irish Times, April 24, 2015)
Revenue to review Goodman group structure (Colm Keena, Irish Times, May 8, 2015)
There are a lot of things Id like to say here, but I like broadsheet too much to get them in trouble …
Tax compliant = We hire very well paid tax lawyers to find ways to shift money around to avoid paying tax by finding loopholes in the system.
All above board like.
He makes superquinn sausages.
Oh Christ on a bicycle, I’d murder a pig for a few of those right now.
Are we allowed call THIS guy a crook?
Are we ever actually legally allowed call crooks, crooks?
:(
White collar – no (they’ve enough money to call in the lawyers)
Blue collar – yes (scum, vile, terrorists, etc. – see Sunday World for more)
Is that why they’re called the one percent
Cause
Like
That’s all they stump up
One percent
Or
What they might call
One present
Better say thank you
Like just in case
They’re right.
I’ll say this much for the man, he is resident here, so pays his taxes here.
Unlike some i’m sure need no introduction here.