Michael Noonan rules out changes to co-op shares tax

Finance Minister Michael Noonan this week ruled out legislating for different tax treatment specifically for patronage shares paid by co-ops to dairy farmers.

He said there would not appear to be a policy rationale to legislate.

He was responding to questions in the Dail on Revenue’s tax treatment of patronage shares issued by Kerry Co-op, from Co Kerry TDs Brendan Griffin, Michael Healy-Rae, John Brassil, Martin Ferris, and Danny Healy-Rae.