Another speculator flees the country

[Shaadi]

Magnier...ah yes...another one of the Haughey set...don't we remember the horsey people?? ...the people who the benificent charlie gave the tax-free status too...lovely people all !! Yet another reason I won't vote!

Ugly and all as that tax-free status seemed, it turned Ireland from being an also ran into a world leader in the Thoroughbred Breeding Industry.While it's fair enough to attack the unfairness of the tax-break, it has worked out much better than could have been imagined in the wildest dreams of those who introduced it. It supports a lot of jobs in the stud business, stud staff, Farriers, Vets, feedstuff suppliers, sales auction staff, Trainers and their staff, Accountants, the hotel staff that work in the local hotels that the buyers stay in when coming to purchase the horses or to see them . If all tax-breaks were as revenue positive as that one the country would be doing very well.

[Captain Con O'Sullivan]

Trouble is it produces nothing for the state. Any meaningful salary in that business will be protected from tax- you may get stable hands on low pay who have always been treated as bed/board interns pretty much being taxed on their pennies but the people who own, run and manage thoroughbred racing and breeding are well tax-sheltered.

Sheikh Mohammed brings his string over there for the summer and I'm pretty sure he and his operation pay little or no tax in Ireland (or anywhere else in Europe for that matter) and Andrew Lloyd-Webber and his wife's thoroughbred breeding operation also have a significant presence in and around Coolmore and you can be damn sure they aren't paying any Irish taxes either.

It is all very well having 'world leading' industries but when they make a lot of demands and produce little or no tax then you have to question what is their worth. A few stable hands on low pay being taxed pennies?

Thoroughbred racing is very much tied up with land and the people involved in racing who own land are well tax-sheltered. For the amount of money passing through that game it produces not a lot.

You can't live on prestige.

[DiarmuidM]

Dunne still has buddies in the Sindo. How much does this kind of piece cost, I wonder?

http://www.independent.ie/national-n...l-2953497.html

Paddy Joe,

the various media networks / outlets in Ireland (and Globally) are owned by the Leech Elite.

If the Occupy Movement could spawn a new Global Media Network of the People - owned by the people - then the political classes would have to start addressing the issues of the people as opposed to the Leech Elite (and their professional enforcers).

[Stanley 2]

Trouble is it produces nothing for the state. Any meaningful salary in that business will be protected from tax- you may get stable hands on low pay who have always been treated as bed/board interns pretty much being taxed on their pennies but the people who own, run and manage thoroughbred racing and breeding are well tax-sheltered.

Sheikh Mohammed brings his string over there for the summer and I'm pretty sure he and his operation pay little or no tax in Ireland (or anywhere else in Europe for that matter) and Andrew Lloyd-Webber and his wife's thoroughbred breeding operation also have a significant presence in and around Coolmore and you can be damn sure they aren't paying any Irish taxes either.

It is all very well having 'world leading' industries but when they make a lot of demands and produce little or no tax then you have to question what is their worth. A few stable hands on low pay being taxed pennies?

Thoroughbred racing is very much tied up with land and the people involved in racing who own land are well tax-sheltered. For the amount of money passing through that game it produces not a lot.

You can't live on prestige.

Used to know an English lad who worked on the security detail around the Sheik's crew as they headed for London area to get away from the heat of Dubai area, the "crew" were approx 2000 people who undoubtedly would be some of the largest retail spenders to hit the shops of London.

Through their Investment Office funds they would also be huge property/stock exchange customers.

[Stanley 2]

http://www.independent.ie/business/i...s-3197402.html


Good to see Nama out after this billicks in the U.S., people should give him up, he dont give a fup.

[Stanley 2]

http://www.independent.ie/business/i...s-3200175.html


No great surprise here, Dunnes have a lifestyle to maintain and Ahern to entertain.

Take their passports off them, make life a bit more difficult.

[DCon]

http://www.independent.ie/business/i...s-3200175.html


No great surprise here, Dunnes have a lifestyle to maintain and Ahern to entertain.

Take their passports off them, make life a bit more difficult.

Tell us another one folks

The crux of the case is that NAMA claims in court documents that money originally made by Mr Dunne has been funnelled through his wife into a string of high-end property deals in the US and Switzerland.

NAMA has gone to court because it thinks millions in profits from the deals should go to pay some of Mr Dunne's debt.

The couple rejects any suggestion that the properties were ever owned by Mr Dunne.

They say Ms Killilea is now a property developer in her own right, and the toxic bank has no right to profit from her deals.

[Slim Buddha]

The "It's in the wife's name" codology again. It is time this nonsense was brought to a sensible end once and for all. Or simply refer to the wifes actions as part of a criminal design and nail her too! Mr. Justice Kelly gave the Quinn woman short shrift but much more effective measures should be enforced against wives who aid and abet the evasion of justice.

[Stanley 2]

The "It's in the wife's name" codology again. It is time this nonsense was brought to a sensible end once and for all. Or simply refer to the wifes actions as part of a criminal design and nail her too! Mr. Justice Kelly gave the Quinn woman short shrift but much more effective measures should be enforced against wives who aid and abet the evasion of justice.

They have just gone through this experience with Drumm over the last 2/3 years and should have a handle on the US legal system, but Dunne seems to be laughing into their faces.

Get them deported, extradited, hold their passports at the airport as they are presently in Irl, who the fup cares, a lesson must go out to all the others this "wifey shlte" will not be tolerated, Dunne is the piped piper.

[Stanley 2]

From Namawinelake


on August 16, 2012 at 7:51 pm | Reply John Gallaher
Update live from Stanford,Ct.
The court system is archaic,they don’t take credit cards nor can you simply order the file to be copied and send a courier,cash or certified check in advance then they make copies.But everything is available to read/review in person.
Popped up today,the file is 330 pages due to vacations,sick days etc, the clerk estimates it will be copied by tomorrow,earliest.Its a great read,not trying to be a tease will forward it ASAP.
The third property is identified as 22 Stillman Lane-prelim info. linked.
http://www.zillow.com/homedetails/22...59301082_zpid/

[TotalMayhem]

much more effective measures should be enforced against wives who aid and abet the evasion of justice.

Not a measure of the sensible kind but I wonder if two years in the Gulag would help?

[Slim Buddha]

Not a measure of the sensible kind but I wonder if two years in the Gulag would help?

Indeed. Outsource the job and give it to Putin. He doesn't appear to take any shyte from amybody

[Stanley 2]

Dunne knows the extradition rules like Drumm does, after his recent bereavement trip here, would reckon thats it, not coming back, prevaricate from here on, friends in Govt are gone.

Interesting to see what Ulster bank and the Icelandic bank, Kaupthing, will do, they have been very patient and will not like what they are reading.

[C. Flower]

Court documents kindly put on line by Namawinelake -

http://namawinelake.wordpress.com/20...st-sean-dunne/

[DCon]

NAMA looking into transafers to the wife

NAMA is investigating the transfer of land worth €2.7m by developer Sean Dunne to his wife, socialite Gayle Killilea, before his business empire collapsed.

The agency has the power to reverse an asset transfer if it demonstrates it was carried out to put assets beyond its reach.

The heavily indebted property tycoon declared the land transfer in a statement of affairs compiled for the agency, which has been seen by the Irish Independent.

The couple set up a home in the millionaire's enclave of Greenwich, Connecticut two years ago, although Mr Dunne regularly travels back to Ireland. Ms Killilea, a former newspaper gossip columnist, has reinvented herself as a property developer since moving stateside.

But NAMA has alleged money originally made by Mr Dunne was channelled through his wife to pay for a series of property deals in the US and Switzerland in the past two years.

Three of the properties identified by NAMA in court papers sold for a combined total of €5.2m more than they were originally bought for.

http://www.independent.ie/national-n...d-3258007.html