- In Case you missed it
From a report at the link below:
Ireland’s highest court isn’t sweet on tax breaks for footlongs.
The country’s Supreme Court ruled that the starch used in Subway sandwiches is too sugary to meet the definition of “bread” — a legal distinction that would have saved the firm some dough.
In deciding whether to give the fast-food chain a tax break for serving a “staple” food item, the five-judge panel ruled that the bread’s sugar-to-flour content is roughly five times too high to qualify, according to the Irish Independent.
For a company to be taxed zero percent, under the Value-Added Tax Act of 1972, the weight of sugar and fat in a bread product must not be more than 2 percent of the total weight of flour in the dough.
No tax breaks for Subway unless they change their dough to save dough in Ireland.
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