EXCLUSIVE: ONE of Donegal’s biggest employers have given a massive boost to traders in Letterkenny, Donegal Daily can reveal.
Pramerica used a tax loophole to give every member of staff €250 Shop LK vouchers.
Companies can give up to that amount to employees as a gift without staff or the company incurring taxes.
And with 900 employees, it has meant a €225,000 boost for traders who are members of the Chamber of Commerce Shop LK scheme.
It’s understood several smaller companies also taking advantage of the tax loophole, it’s thought the final contribution to the local economy could top €300,000.