Trustees concerned about having to sell part of Dunnes to pay tax

THE value of Dunnes Stores for tax purposes rose from £82m to £220m within three years during the late 1980s, the Moriarty Tribunal heard yesterday.

Trustees concerned about having to sell part of Dunnes to pay tax

A former tax adviser to the supermarket chain told the inquiry that Dunnes Stores trustees were very concerned in 1985 that they would be forced to sell part of the group to meet their tax liabilities because of the value placed on the company by the tax authorities.

The tribunal is investigating the circumstances behind a meeting between the chairman of the Revenue Commissioners Séamus Paircéir and supermarket tycoon Ben Dunne in 1987 held at the request of then Taoiseach Charles Haughey.

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