Confident of its potential, tax relief investors ploughed almost €3 million into Maximum Media Network, the owner of Joe in Ireland. Now, following a number of insolvency processes and an imminent sale, they face seeing the value of their shares reduced to zero under a proposed scheme of arrangement to rescue the business. Dozens of investors, assembled by accountants BDO and wealth managers Davy, will, however, not face having any tax relief they may have claimed on their investment to date clawed back by the Revenue Commissioners under the proposed restructuring. They invested under the EIIS tax break scheme. A…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.