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Thread: Denis O'Brien and the Irish Tax Payer

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    Politics.ie Member Bobert's Avatar
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    Default Denis O'Brien and the Irish Tax Payer

    In a serious of interviews with Sunday Papers, Denis O’Brien revealed that the Moriarty Tribunal has ruled against him in sixty areas. Since the inception of the Tribunal O’Brien has tried and tried again to portray it as having an agenda against him, often seeking injunctions against it and even once bringing it to the attention of the European Court of Human Rights. In these interviews he switched his spin machine into overdrive, suggesting that the results would greatly hamper Ireland’s reputation and declaring himself a champion of civil servants. There is a strange irony here that Denis O’Brien should also be worrying about the tax payers in that, just before he sold Esat, he fled to Portugal as a tax exile and avoided paying tax on the sale.

    O’Brien holds the belief that the State has wasted vast sums of money on the tribunal, even going so far as to buy anonymous ads in newspapers concerning the expenses of some tribunal lawyers. To date the Moriarty Tribunal has cost just over €200 million, it’s findings will leave the State vulnerable to possibly paying between €3-400 million to two loosing bidders, Persona and Cellstar. O’Brien has argued, and will undoubtedly continue to argue that the state cannot afford these. Those who agree with O’Brien are overlooking one very important factor here however.

    Since the original granting of the license in 1995, vast sums of money have traded hands between all parties involved in Esat, TELNOR, BT, and Teléfonica. In 1999 the TELENOR and Esat boards began to disagree over the running of Esat Digifone as it had become known. With each board attempting to buy out the other’s stake and neither being successful. In 1999, BT, backed by the Esat board took over the company in a friendly takeover for a sum of £2.2 billion. With £1 billion going to Telenor, and the rest being divided between Desmond and O’Brien and others. Neither TELNOR nor BT can claim ignorance here to say they were unaware of what they were getting into as the rumours of the questionable awards process were well under way. BT also placed a health warning in the spinoff prospectus of mmo2 saying there was potential liability concerning the award issue. The company later became o2 Ireland after the spin off of mmo2. In October 2005, the Spanish mobile communication company Telefónica bid (successfully) for o2 Ireland. They may or may not have been warned of the issues concerning the license process. If they were it is entirely possible they took out a mitigation measure.

    It is now entirely possible that the Irish state was subverted by business interests and if so it is not innocent. The cost of the tribunal and the payouts it will have to make are only a fraction of how it stands to gain. After the ruling of the tribunal a file will be sent to the DPP and CAB. Immediately the government can pursue the £2.2 billion and all of it’s subsequent investments as well as possibly reopening of the license bidding process which should allow it to be sold for more then the Esat consortium originally paid. If this were to happen it would be the single greatest CAB seizure in their history and a major windfall for the Irish exchequer who are currently scrambling to find money anywhere they can. The upside for the Irish taxpayer could amount to offset several months of borrowings for the state.
    Every one sees what you appear to be, few really know what you are, and those few dare not oppose themselves to the opinion of the many, who have the majesty of the state to defend them.

    - Niccolò Machiavelli

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    Politics.ie Member mmrebel's Avatar
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    Id imagine your post should be in the justice forum , i say that not nit picking but because thats exactly what is needed here for the international business community to start taking Ireland seriously again , mind you according to my M.D they never really have.

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    I was saying just a few days ago that if CAB takes drug dealers assets and Denis O'Brien got his license illegally, then the Revenue should cease all his assets.

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    The alleged bias of the civil servants to an Irish buyer is presently being rolled out as common practise, when someone goes to take money off any of the successful bidders DOB and DD will roll up the sleeves and get well stuck in.

    There has been a lot of dough sloshing around on this bid and there is a long, long way to go after the Report is published, still feel Lowry will be the sarcrificial lamb again expect he will resign soon and head for Portugal.

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    Politics.ie Member revereie's Avatar
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    Portugal brought in legislation similar to our CGT around 2000. They won't be heading there this time around.

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    Politics.ie Member Bobert's Avatar
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    He's now based in Malta or Barbados, not sure which.
    Every one sees what you appear to be, few really know what you are, and those few dare not oppose themselves to the opinion of the many, who have the majesty of the state to defend them.

    - Niccolò Machiavelli

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    Quote Originally Posted by Bobert View Post
    He's now based in Malta or Barbados, not sure which.
    Malta for reason of tax avoidance or possible tax evasion.

    Tax is punitive for him if he moves back home here.

    He is not the only one. Recall Michael Smurfit, T O Reilly et al.

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    Quote Originally Posted by Disabled student View Post
    Malta for reason of tax avoidance or possible tax evasion.

    Tax is punitive for him if he moves back home here.

    He is not the only one. Recall Michael Smurfit, T O Reilly et al.

    Punitive? They'd still have a rellative fortune - they just don't want to pay their share. The lack of patriotism of the Irish rich is shameful.

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    Politics.ie Member Bobert's Avatar
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    Quote Originally Posted by mmrebel View Post
    Id imagine your post should be in the justice forum , i say that not nit picking but because thats exactly what is needed here for the international business community to start taking Ireland seriously again , mind you according to my M.D they never really have.

    MD?
    Every one sees what you appear to be, few really know what you are, and those few dare not oppose themselves to the opinion of the many, who have the majesty of the state to defend them.

    - Niccolò Machiavelli

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    Politics.ie Member MsAnneThrope's Avatar
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    Quote Originally Posted by Bobert View Post
    MD?
    I think he means his boss at work (Managing Director). In your original post Bobert you said:

    Immediately the government can pursue the £2.2 billion and all of it’s subsequent investments as well as possibly reopening of the license bidding process which should allow it to be sold for more then the Esat consortium originally paid
    Can you realistically see this happening? Would it not open up lots of cans of worms resulting in unprecedented, bitter legal disputes/challenges lasting for years and years?
    We all love animals. Why do we call some 'pets' and others 'dinner'?

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