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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Tue May 31, 2016 9:19 am 
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Poc wrote:
Dubhgeannain wrote:
Hearsay at this stage but, according to Newstalk this morning the claimed but so far unpaid Lotto win of € 8.2 m was by a well known property developer in Sligo. The reason it is so far unpaid? You'll love this...

He(pretty sure they said he) wants it paid in cash due to to owing NAMA/banks a shed load.


Perhaps it's just me, but does anyone else find it annoying that large lottery wins are tax free?


I thought they aren't? Doesn't the lottery pay the relevant tax, so the lottery win you get is so to say "net" after tax?


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Tue May 31, 2016 9:40 am 
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newirishman wrote:
Poc wrote:
Dubhgeannain wrote:
Hearsay at this stage but, according to Newstalk this morning the claimed but so far unpaid Lotto win of € 8.2 m was by a well known property developer in Sligo. The reason it is so far unpaid? You'll love this...

He(pretty sure they said he) wants it paid in cash due to to owing NAMA/banks a shed load.


Perhaps it's just me, but does anyone else find it annoying that large lottery wins are tax free?


I thought they aren't? Doesn't the lottery pay the relevant tax, so the lottery win you get is so to say "net" after tax?

Don't think so.

If it was taxed, it would make sense for them to advertise the pre-tax amount, it's no skin off their nose what the revenue do after you've received your novelty oversize cheque.


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Tue May 31, 2016 12:31 pm 
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It's a sad day for family life in Ireland that there's nobody he could trust to be the winner on his behalf.


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Tue May 31, 2016 1:01 pm 
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Poc wrote:
newirishman wrote:
Poc wrote:
Perhaps it's just me, but does anyone else find it annoying that large lottery wins are tax free?


I thought they aren't? Doesn't the lottery pay the relevant tax, so the lottery win you get is so to say "net" after tax?

Don't think so.

If it was taxed, it would make sense for them to advertise the pre-tax amount, it's no skin off their nose what the revenue do after you've received your novelty oversize cheque.

Yes, I remember back at the time when the Lottery was launched and a big deal was made of the fact that prizes were to tax free.

BuMble wrote:
It's a sad day for family life in Ireland that there's nobody he could trust to be the winner on his behalf.

That was my first thought too.

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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Fri Jul 29, 2016 1:41 pm 
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Maybe not the right thread to place this but...

http://www.rte.ie/news/2016/0729/805739 ... er-claims/

Lifeline managers claim dismissal was due to whistleblowing

Quote:
Two senior managers at the Lifeline ambulance company owned by mortgage campaigner David Hall have alleged that they were unfairly dismissed because they disclosed alleged wrongdoing at the company to the Revenue Commissioners.


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Fri Jul 29, 2016 2:58 pm 
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So what was this alleged financial wrongdoing by David Hall's company?

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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Fri Jul 29, 2016 9:11 pm 
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tax evasion. There is a description on the Irish Times:
http://www.irishtimes.com/news/crime-an ... -1.2738889


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Sat Jul 30, 2016 6:15 am 
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RTÉ had quite a long segment on it last night.

Judge insisted that they stay on the payroll for now. Will be a drag on the business for quite a while I'd say.


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Sat Jul 30, 2016 12:09 pm 
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You can take the man out of Fianna Fail but you can't take Fianna Fail out of the man.

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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Sat Jul 30, 2016 12:10 pm 
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mocame wrote:
tax evasion. There is a description on the Irish Times:
http://www.irishtimes.com/news/crime-an ... -1.2738889

Nobody comes out of that story well. Including the Revenue auditors who I thought are supposed to be ruthless.

I wonder what Mr. Hall's financial backers, the ones who insisted on his return to active involvement in Lifeline last August, thought of his media re-emergence in the Console debacle and its timing in relation to the above matter.


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Sat Sep 17, 2016 6:16 pm 
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I only buy one newspaper a week these days, the Sunday Business Post, and spend a week working my way through it. So it's only today that I stumbled across a reference to David Hall in last Sunday's edition in an article about AIB readying a portfolio of BTL loans for sale to vulture funds.

"The lender is thought to be engaging in early-stage discussions with debtor advocate David Hall, who recently confirmed plans to raise up to €150 million to fund the purchase of mortgages, about the possibility of a loan sale."

It seemed to suggest Hall was a politically palatable destination for owner occupier mortgages which could not be sold off to vultures in the way BTLs could.

Interesting who will end up getting screwed here; Mr. Hall's investors because they should have realised they were investing in a 'social project' so of course there can't be any foreclosures, or the AIB mortgage holders who suddenly find that Mr. Hall is no longer an advocate of forbearance when it affects his bottom line?

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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Sat Sep 17, 2016 10:11 pm 
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...or the taxpayers when they realise AIB sold to Hall at less that market value due to political pressure.

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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Sun Sep 18, 2016 6:22 am 
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Mantissa wrote:
...or the taxpayers when they realise AIB sold to Hall at less that market value due to political pressure.


Recall: http://www.thejournal.ie/new-beginning- ... 3-Dec2014/

New Beginnings passed on details of its customers to a potential business partner. In fairness this was long after Hall had left NB.

But it is suggestive of the business model not unusual in the third sector in Ireland:
-Declare yourself a champion of the needy
-Set up a charity
-Build a client base
-Become a paid facilitator for the state
-Pay yourself tiny salary of course


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Fri Nov 18, 2016 5:52 pm 
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bleeding parasites Joe

http://www.irishtimes.com/news/environm ... 8.facebook


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Fri Nov 18, 2016 9:54 pm 
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Daid Hall is not into cycling...I'm shocked!


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