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IKEA to return Covid subsidies

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  • 17-06-2020 7:29am
    #1
    The Mighty Quinn
    Registered Users Posts: 1,228 ✭✭✭


    I was surprised to read this but think it's a very morally positive decision. Good for them, may many others follow.

    There must be many many other businesses in a similar boat (received subsidies they didn't need). Most I'd imagine will keep hush about it.

    https://www.rte.ie/news/business/2020/0616/1147826-ikea-state-aid/


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    #2
    yosemitesam1
    Registered Users Posts: 2,968 ✭✭✭yosemitesam1


    The Mighty Quinn wrote: »
    I was surprised to read this but think it's a very morally positive decision. Good for them, may many others follow.

    There must be many many other businesses in a similar boat (received subsidies they didn't need). Most I'd imagine will keep hush about it.

    https://www.rte.ie/news/business/2020/0616/1147826-ikea-state-aid/

    All businesses in Ireland anyway have to repay the employee wage subsidy if their turnover hasn't been hit hard enough by year end.


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    #3
    celt262
    Registered Users Posts: 3,458 ✭✭✭celt262


    yosemitesam1 wrote: »
    All businesses in Ireland anyway have to repay the employee wage subsidy if their turnover hasn't been hit hard enough by year end.

    I would hope so my brother in law works for a company and they were closed for 4 weeks and must have got some "essential work" because they opened weeks before any other similar industry around here.

    All the lads are on the Covid subsidy scheme and according to the brother in law the place is busier than it ever was.


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    #4
    SteM
    Registered Users Posts: 6,690 ✭✭✭SteM


    The Mighty Quinn wrote: »
    I was surprised to read this but think it's a very morally positive decision. Good for them, may many others follow.

    There must be many many other businesses in a similar boat (received subsidies they didn't need). Most I'd imagine will keep hush about it.

    https://www.rte.ie/news/business/2020/0616/1147826-ikea-state-aid/

    If theses one area of government that works well here it's the Revenue. It may not happen quickly but any money owed to the government by companies will be retrievd.


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