A six-year battle between Kerry Co-op milk suppliers and Revenue has come to an end in the High Court. The right to subscribe to “patronage shares”, although a receipt of regular trade, will not inflate the farmers’ income tax bills.
In one fell swoop, the board and management of Glanbia Co-op want to regain full control of Ireland’s largest agribusiness, sell down its PLC shareholding and prepare for expansion into new areas. Its farmer members are voting this Friday.
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