JP McManus donates €100,000 to every GAA county

nuac

Is there any way one could donate money to a local sports' club and be able to offset if against tax due.

It would save the inconvenience of moving to a tax haven

holyhead

Fair play to JP McManus. The American sees the big house on the hill and says someday that will be me. The Irishman asks does anyone have a match! We really are a shower of begrudgers. JP didn't have to do this. I just hope the money is spent constructively and not pocketed by conniving individuals

I says

Every county board that owes money will knock it of their debt so no clubs will see it

Edgware

McManus has supported Limerick F.C. contributing to rebuild of the Markets Field, Limerick GAA, Limerick racecourse and many excellent causes at home and abroad.
Needless to say the usual begrudgers must get the digs in. Thats all they are good for.

Spudmonkey

Savage gesture altogether from JP.

AlekSmart

holyhead wrote: »

Fair play to JP McManus. The American sees the big house on the hill and says someday that will be me. The Irishman asks does anyone have a match! We really are a shower of begrudgers. JP didn't have to do this. I just hope the money is spent constructively and not pocketed by conniving individuals

Very accurate summation.
I suppose it's what typifies our native attitude in so many issues.
Anybody who has more than you,has to be dissed and demonized to incredible lengths.
Those with less than you,see their role as getting as much of yours as they can...and on,and on it goes. :rolleyes:

nice_guy80

still only 3.6% compared to what the Dublin GAA get of the Central GAA every year.

drop in the ocean

Malayalam

I thought it was a lovely thing to do. Mind you I can never say a bad word against the man, he has put my children through college with his Scholarships, and thousands more like them, many of them immigrant children and all of them children from low income families. Without his generosity thousands of families would have struggled seriously over the past decade. He is a lovely reticent humble person to meet, shy almost and genuinely interested in people, not at all like some of the oafish rich people I've met over the years. Good on him.

flatty

He is a great great man.
That is all.

richiepurgas

holyhead wrote: »

Fair play to JP McManus. The American sees the big house on the hill and says someday that will be me. The Irishman asks does anyone have a match! We really are a shower of begrudgers. JP didn't have to do this. I just hope the money is spent constructively and not pocketed by conniving individuals

I'd say irony isn't one of your stronger points.

DJIMI TRARORE

A new car for 32 county chairmen:),some gesture all the same,I wonder did jp insist that clubs get it all

Road-Hog

That poor club in Monaghan where the sink hole opened up will need the full allocation of Monaghan and more......will he appreciate his money going literally into a bottomless pit...?

Xenophile

Road-Hog wrote: »

That poor club in Monaghan where the sink hole opened up will need the full allocation of Monaghan and more......will he appreciate his money going literally into a bottomless pit...?

A 100.K. will go a long way to fill a sink hole. Let the other clubs donate.

Stationmaster

As far as I'm aware the donation is specifically for clubs so therefore will see it's way to clubs.

jmayo

blackwhite wrote: »

Anyone notice that RTE and Sligo GAA managed to broadcast McManus’ personal bank account number and sort code to the world this evening?

I would say he has more than one account.

All joking aside that is shockingly inept by both parties above.

He could tear them both a new ar**hole using GDPR legislation for a start.

ProudDUB wrote: »

A mere 100,000 smackers?

Shure we spend twice that amount delivering skinny soy lattes and jam donuts to all the Dublin players, their partners, their mammies and their parners grannies for their morning elevenses.

Well we know it is a drop in the ocean for you Dubs in the grand scheme of things, but why do you have to rub it in.

Bigsliothar

What a decent gesture , hope it makes it way to the grassroots especially some of the smaller rural clubs.

nim1bdeh38l2cw

sabat wrote: »

JP McManus was in government buildings on the night of the bank guarantee.

He was? Never heard of this before

Coillte_Bhoy

You know that it is possible to both welcome this gesture and his other philanthropy while still being critical of the man for his tax exile status. The two arent mutually exclusive.

Fingal Raven1

flatty wrote: »

He is a great great man.
That is all.

Are you mental? he is playing you for a fool

buying your love

Fingal Raven1

Coillte_Bhoy wrote: »

You know that it is possible to both welcome this gesture and his other philanthropy while still being critical of the man for his tax exile status. The two arent mutually exclusive.

What?

Duffy the Vampire Slayer

CPTM wrote: »

Question - was proportion considered here? Like is the entire County of Cork getting the same amount as Co Louth?

I'm not begrudging btw, I'm a big fan of these gestures, I'm just wondering if I'm missing how this will work. It seems like Cork will have a lot more clubs to divvy this out to..?

Louth actually has quite a large population, so it's not the best example of a small county.

theoneeyedman

Stationmaster wrote: »

As far as I'm aware the donation is specifically for clubs so therefore will see it's way to clubs.

The McManus team is clever. They announced the windfall, and didn't give either CP or the boards a chance to assign it to anywhere else except to the clubs.

ted1

Can this money be doubled through the usual donation procedure ?

You know the that allows tax to be reclaimed

https://www.revenue.ie/en/companies-and-charities/charities-and-sports-bodies/charitable-donation-scheme/index.aspx

Stoner

ted1 wrote:

You know the that allows tax to be reclaimed

Lol

nim1bdeh38l2cw

ted1 wrote: »

Can this money be doubled through the usual donation procedure ?

You know the that allows tax to be reclaimed

https://www.revenue.ie/en/companies-and-charities/charities-and-sports-bodies/charitable-donation-scheme/index.aspx

You have to be paying tax to avail of that

brocbrocach

holyhead wrote: »

Fair play to JP McManus. The American sees the big house on the hill and says someday that will be me. The Irishman asks does anyone have a match! We really are a shower of begrudgers. JP didn't have to do this. I just hope the money is spent constructively and not pocketed by conniving individuals

We've also always had more than our share of sleeveens and people happy to lick the crumbs off the floor.

Every time a rich man is questioned, from Bertie to Denis O'Brien, that same old 'bedgrudgery' refrain is thrown up.

elperello

ted1 wrote: »

Can this money be doubled through the usual donation procedure ?

You know the that allows tax to be reclaimed

https://www.revenue.ie/en/companies-and-charities/charities-and-sports-bodies/charitable-donation-scheme/index.aspx

Mr McManus pays his tax in Switzerland.

jackc101

Am I the only one to feel sorry for NY and London?

ted1

elperello wrote: »

Mr McManus pays his tax in Switzerland.

Ah ok so effectively he is selectively deciding where his tax money goes !!

nice_guy80

I wonder is it being done through one of his charities or companies, thus allowing him claim tax relief

I know our club will get about €3000, so we won't be complaining

blackwhite

ted1 wrote: »

Can this money be doubled through the usual donation procedure ?

You know the that allows tax to be reclaimed

https://www.revenue.ie/en/companies-and-charities/charities-and-sports-bodies/charitable-donation-scheme/index.aspx

Unlikely, for the donation to be deductible it has to be in relation to a specific, Revenue pre-approved, capital project.

Given they’ve stated it is to be distributed around the clubs in each county then it wouldn’t qualify as having been made specifically for approved projects so no deduction is allowed

Edgware

jackc101 wrote: »

Am I the only one to feel sorry for NY and London?

What about Warwickshire and Fingal?

17togo

Hhhhmmm.... What's the quickest way to setting up my own Gaa club??

ted1

blackwhite wrote: »

Unlikely, for the donation to be deductible it has to be in relation to a specific, Revenue pre-approved, capital project.

Given they’ve stated it is to be distributed around the clubs in each county then it wouldn’t qualify as having been made specifically for approved projects so no deduction is allowed

Really? Because I’m vice treasury of the parents association and we can claim it back on voluntary contributions

GG66

His generosity needs some perspective.

He's worth over 1 billion euro. He gave 3.2 million or 0.0032% of his worth.
Something similar to someone worth 100,000 giving 320 euro

He's gambled more on a game of backgammon in the past and in fact is contesting more than that in the tax on his winnings 4.6m euro

While the impact of his "donation" potentially has a greater impact financially on the recipients it doesn't put him out at all. Plus he gets good PR for it offsetting the fact he avoids paying any tax in Ireland, yet benefits from being a citizen.

This isn't begrudgery, he's gambled well and it's good to see anyone support local communities. Point is, local communities would benefit a lot more if he paid taxes in Ireland. In my opinion he deserves the same credit as most people who donate a few hundred euro to a charity at Christmas time and less than all of us wwho pay at least 20% towards society in the form of taxes every year.

shamrock55

**** in idiot

elperello

shamrock55 wrote: »

**** in idiot

Who?

Ave Sodalis

Jaysus lads, the man gives his money away left, right and centre, and all to improve the country in some small way... and ye still find something give out about him. It's his money. He doesn't have to do any of it. He doesn't have to give out education grants, he doesn't have to fund university buildings, he doesn't have to give massive amounts of money to charity (as of 2016, he had donated a quarter of a billion), he doesn't have to give away land and buy horses to help children with autism cope via equine therapy, he doesn't have to support the dialysis unit in Limerick Hospital. He doesn't have to, but he does. He could keep all his money, and he'd be perfectly entitled to do so. No, he doesn't pay taxes... but if he stopped with his extremely generous donations towards healthcare, education and infrastructure, you can be damn sure the effects would be felt.

Sheep breeder

Ave Sodalis wrote: »

Jaysus lads, the man gives his money away left, right and centre, and all to improve the country in some small way... and ye still find something give out about him. It's his money. He doesn't have to do any of it. He doesn't have to give out education grants, he doesn't have to fund university buildings, he doesn't have to give massive amounts of money to charity (as of 2016, he had donated a quarter of a billion), he doesn't have to give away land and buy horses to help children with autism cope via equine therapy, he doesn't have to support the dialysis unit in Limerick Hospital. He doesn't have to, but he does. He could keep all his money, and he'd be perfectly entitled to do so. No, he doesn't pay taxes... but if he stopped with his extremely generous donations towards healthcare, education and infrastructure, you can be damn sure the effects would be felt.

Very well said, don’t see to many other Irish millionaires giving to good causes.

Niles Crane

Nothing against JP McManus donating this money it's good to see someone like him with such big interest in the GAA.

But the arguments that it's not worth his while paying tax , shur it would only be wasted are complete bull****. Why the hell can't I avail of the " I can donate money to causes I like instead of paying tax here " clause.I'm sure everyone would prefer to donate money to causes they like rather than having to contribute to the boring stuff which keeps the country ticking over.

People are perfectly entitles to criticize people who live here have citizenship but don't pay any tax , the average folk aren't fortunate enough to have the money to live all over the world so can avoid paying tax here.

Fann Linn

CPTM wrote: »

Question - was proportion considered here? Like is the entire County of Cork getting the same amount as Co Louth?

I'm not begrudging btw, I'm a big fan of these gestures, I'm just wondering if I'm missing how this will work. It seems like Cork will have a lot more clubs to divvy this out to..?

Waste of €100k giving it to Cork GAA.

NewbridgeIR

Some of the Angry Left are unhappy about this.
No surprise there.

David J Walsh

Well done JP.

blackwhite

ted1 wrote: »

Really? Because I’m vice treasury of the parents association and we can claim it back on voluntary contributions

Parents associations aren’t sports organisations.

https://www.revenue.ie/en/companies-and-charities/charities-and-sports-bodies/tax-relief-on-donations-to-certain-sporting-bodies/what-is-a-relevant-donation.aspx

I’m treasurer of a rugby club, and was previously treasurer of my GAA club, and am a chartered accountant by trade. I’ve dealt with these donations for quite a few years now.

The club needs to be an approved sports body, and the specific project needs to have been approved also

SligoBrewer

NewbridgeIR wrote: »

Some of the Angry Left are unhappy about this.
No surprise there.

He's 100% correct. JP McManus is a tax dodger and just because he slips the GAA some money doesn't make it ok.

blackwhite

SligoBrewer wrote: »

He's 100% correct. JP McManus is a tax dodger and just because he slips the GAA some money doesn't make it ok.

The vast majority of JP McManus’ money is earned outside of Ireland. What exactly is it that makes people this that he should then hand over a chunk of it to the Irish exchequer?

GG66

blackwhite wrote: »

The vast majority of JP McManus’ money is earned outside of Ireland. What exactly is it that makes people this that he should then hand over a chunk of it to the Irish exchequer?

I earn most of my money outside Ireland and choose to pay tax in Ireland. My taxes contribute to improving the society I choose to live in, contributing towards health care and the welfare of other citizens.

He earns most of his money outside Switzerland also. He chooses to reside there for tax purposes while also residing in Ireland. He avoids paying taxes in other countries where he earns income in the same way.

Many of the causes that tax avoiding "philanthropists" support exist due to the inability of the state to provide those services due to inadequate funding. And the primary vehicle they have to raise money is through taxes.

Avoiding paying taxes on income earned in Ireland deprives Irish society of revenue. Same applies to other countries where he avoids tax.

That's entirely legal and his perrogative of course. And it's good to see wealthy philanthropists giving something back, they could choose not to.

He doesn't deserve any special credit for funding things every other Irish citizen funds through their taxes in the first place.

People spend plenty of time criticising welfare scroungers and others less well off for bleeding the country. A lot more money disappears through wealthy tax avoidance and corporate tax avoidance.

I think it's healthy for people to question why wealthy people don't pay their fair share of tax, regardless of how they choose to spend the money they avoid paying directly to the societies they benefit from.

SligoBrewer

blackwhite wrote: »

The vast majority of JP McManus’ money is earned outside of Ireland. What exactly is it that makes people this that he should then hand over a chunk of it to the Irish exchequer?

It’s earned outside of Switzerland too or does that not fit the narrative told by the billionaire?

blackwhite

SligoBrewer wrote: »

It’s earned outside of Switzerland too or does that not fit the narrative told by the billionaire?

Anything he earns in Ireland is still taxable in Ireland, regardless of residency.
Any Swiss income is taxable in Switzerland.


Do you also believe that every Irish person who emigrated to Australia or Canada should continue paying Irish taxes on what they earn whilst over there too?

McManus living in Switzerland means that he also pays Swiss taxes on any worldwide income which has been taxed at a lower rate that the Swiss rates, and on anything which hasn’t been taxed at all.

I’d suspect his reason for moving residency to Switzerland is around capital gains taxes - an area Ireland has a stupidly punitive rate of tax.

Given most of McManus’ wealth has been derived from investments, it makes perfect sense he’d move abroad tbh - the narrative that if someone’s buys and then sells an asset in the USA means that the Irish state should automatically be entitled to 1/3 of any profit, despite having nothing to do with the transaction and despite the individual no longer living in Ireland, is quite the stretch.

holyhead

richiepurgas wrote: »

I'd say irony isn't one of your stronger points.

Nothing JP has done is illegal to the best of my knowledge. So I don't see where the irony is. Individuals getting their hands on cash meant for the betterment of an entire GAA county is conniving. Hoping it doesn't happen but this being Ireland I won't be surprised if it does.