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ESB workers exempt from paying USC on their shares

It's reported today that E-S-B employees don't have to pay the universal social charge on their comp...
TodayFM
TodayFM

9:45 AM - 10 May 2015



ESB workers exempt from paying...

News

ESB workers exempt from paying USC on their shares

TodayFM
TodayFM

9:45 AM - 10 May 2015



It's reported today that E-S-B employees don't have to pay the universal social charge on their company shares, under an agreement with the government.

The Sunday Business Post claims that the sweetheart deal reached in 2011 cost the State ten million euro in lost taxes, in the space of one year.

Workers in E-S-B had faced the prospect of paying a seven per cent U-S-C charge when they sell their shares.

However it's emerged that representatives of over ten thousand E-S-B staff lobbied the government for exemption from the tax.



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