You couldn't make this up - Some Odd Facts About NAMA
According to this article, one of the top 10 Nama bound developers has won the contract to be appointed a debt-collector for overpaid fines due to the Courts. The individual in question, Mr Derek Quinlan, also owns a clamping company in Dublin: however, all profits earned are taxed in the Isle of Man where the companies are registered for tax purposes. Disgusting isn't it?
Quinlan – via Tazbell – also now has the contract for court fine debt collection. Oh, and he collects the toll on the M4- M6 motorway too via another company (a public-private partnership construction), in case you’re passing through.
So you can either pay to park with Tazbell or get clamped. Or you park in the pay-and-display… though you should be aware that if you overstay and catch a fine it’ll be Tazbell that’ll force you to cough up. Or park in one of the smaller car parks if you can find one… and good luck doing that as you rush into Tallaght Hospital, St James’s, Mount Carmel or University College Hospital Galway.
All the while he pays tax in Switzerland, bases his parent company in the Isle of Man as the taxpayer – the same one he’s clamping, charging and chasing for fines – takes on his loans through Nama.
Last edited by C. Flower; 24-02-2011 at 09:40 PM.
Нооруз пиээ пурылыа выиттыа
'Our goal is to conquer state power for the Irish working class'
Pat Rabitte, 1987
"Can I ask whether this is what the men of 1916 died for: a bailout from the German chancellor with a few shillings of sympathy from the British chancellor on the side?"
Michael Noonan, November 2010