Corporate tax and property tax

Sir, – On the final day for local property tax registration, two non-resident Irish companies (AMPI and ALVE) announce that, despite each reporting profits of more than €1 billion, no tax is due (“Two Abbott subsidiaries with €1bn plus profits paid no tax”, May 28th).

What perfect timing.

Without their exemptions these non-resident entities would have paid €374 million corporation tax: the maximum yield from the 1.66 million property-tax payers in a full year will be €400 million (“Tax will not prove major revenue raiser for the State”, May 28th). – Yours, etc,

Dr JOHN DOHERTY,

Cnoc an Stollaire,

Gaoth Dobhair,

Co Donegal.