Irish Examiner view: Firms need help in these hard times

Nash 19 restaurant and food shop on Prince's Street, Cork has ceased trading with immediate effect with the loss of 20 jobs. Picture: Larry Cummins

Warehoused tax debt

It has become clear over the last few days that the growing number of closures in the hospitality sector, as well as across many other industries, is not alone about rising costs, but the impending need for many of those businesses to cough up an estimated €1.75bn of warehoused tax debt.