Let’s have a mugshot of another tax exile, who likes to style himself as Sir Tony O’Reilly, and got several caps for playing international rugger for Ireland, but got very rich working as President for Heinz 57 Varieties of Beanz. Beanz meanz big fartz.
A prime candidate for the gathering is our own Paddy Power Bookmakers. Recently announced 600 new jobs for Ireland with great fanfare and wrapped the green flag around the company. A quick look at the accounts of this publicly quoted company shows that the internet server on which it transacts nearly two billion euro in bets, is licenced from the Isle of Man Government! Now they could really help the Irish Irish economy by bringing that server home and paying Irish tax on the online betting which is routed through that lovely little machine. Go for it Paddy.
Of course tax exiles from other countries have been attracted to Ireland. The shadow banking system perhaps? Not forgetting Charles Haughey’s great contribution to the arts when he introduced taxfree status for writers and others. Frederick Forsyth, author of Day of the Jackal and other thrillers, was one such beneficiary and lived well in the Wicklow hills for several years.
I think there needs to be a list of these people. Not quite a name and shame, as well what they are doing is technically legal, but I think there should be a list of these people / organisations that don’t contribute tax wise, but get a lot of benefit by being linked to Ireland. Even the businesses that do the so-called double Irish tax switch http://en.wikipedia.org/wiki/Double_Irish_arrangement
Let’s have a mugshot of another tax exile, who likes to style himself as Sir Tony O’Reilly, and got several caps for playing international rugger for Ireland, but got very rich working as President for Heinz 57 Varieties of Beanz. Beanz meanz big fartz.
Excellent post, I concur 100% +1
A prime candidate for the gathering is our own Paddy Power Bookmakers. Recently announced 600 new jobs for Ireland with great fanfare and wrapped the green flag around the company. A quick look at the accounts of this publicly quoted company shows that the internet server on which it transacts nearly two billion euro in bets, is licenced from the Isle of Man Government! Now they could really help the Irish Irish economy by bringing that server home and paying Irish tax on the online betting which is routed through that lovely little machine. Go for it Paddy.
Fantastic - what are the chances of bringing them home???? None at all I bet (pardon the pun).
Of course tax exiles from other countries have been attracted to Ireland. The shadow banking system perhaps? Not forgetting Charles Haughey’s great contribution to the arts when he introduced taxfree status for writers and others. Frederick Forsyth, author of Day of the Jackal and other thrillers, was one such beneficiary and lived well in the Wicklow hills for several years.
I think there needs to be a list of these people. Not quite a name and shame, as well what they are doing is technically legal, but I think there should be a list of these people / organisations that don’t contribute tax wise, but get a lot of benefit by being linked to Ireland. Even the businesses that do the so-called double Irish tax switch http://en.wikipedia.org/wiki/Double_Irish_arrangement