Kieran Coughlan: Farmers who got tax bills for Kerry Co-op sharesfacing some hard choices

It’s make or break time for Kerry Co-op farmers.

Last week, Kerry Co-op updated shareholders and their accountants on the interactions between Kerry Co-op and the Revenue.

There was hope that a test case could be run by agreement with Revenue, the aim being to definitively establish the tax position of share transactions, with an effective hold on open aspect query letters.