Derek Quinlan, a once-wealthy property magnate who is currently bankrupt, is still indebted to Ireland’s taxpayers for an outstanding sum of €403 million via the national agency Nama. Records from the UK courts reveal that Quinlan received a tax refund of €2.5 million from Revenue that he quickly channelled to his wife, keeping it hidden from his UK-based insolvency practitioners.
The refunded sum was predominantly utilised to cover their cost of living. This included an expenditure of roughly €1,200 (£1,000 stg) per month on alcohol and an annual payment of almost £100,000 (€118,000) for rent on a six-bedroom property situated in London. Quinlan, a defining property investor during Ireland’s Celtic Tiger phase, witnessed his fortune collapse amidst the economic crash of 2008-09. In 2018, he avoided declaring the tax refund to his UK insolvency administrators—a move cited last November as one of seven reasons why they disapproved of Quinlan’s bankruptcy discharge.
In other news across Ireland:
– The food sector lobbied the Government to resist an EU proposition to gradually eliminate flavourings that provide a smoky taste to meats, fish and potato crisps, papers reveal.
– A recent survey unveils that the fallout of Budget 2025 and governmental expenditure are the primary subjects of concern for voters, as a general election could be announced within the next couple of weeks.
– Dartmouth Square residents in Dublin 6 have criticised the MetroLink’s compensation payments for damage incurred during construction as ‘entirely insufficient’ for repairing faults to safeguarded buildings in Dartmouth Square, Ranelagh.
– The search continues for Kyran Durnin, a young boy from Co Louth, who vanished one month ago. Despite thorough investigations taking place at a property in Dundalk, the authorities are still uncertain about where or how he met his end.
– Weather update: Expect a dry day for many with occasional bright spells and potential light rain or drizzle. Anticipated maximum temperatures range between 13 and 15 degrees.
Now for The Big Read.
Early riser Robin Caren attributed her impressive achievement of nine top-graded Leaving Cert results to her morning productivity, claiming that her prime time for efficient work was 4:30 am.
David McRedmond conveyed his frustration over the state of Dublin, arguing the city’s undeniable charm is wasted due to the negativity of certain individuals. He emphasised that this situation doesn’t need to continue.
Challenges are being put forth regarding the passenger limitations at Dublin Airport, with active debates on whether they should be raised.
The business sector was abuzz after the revealing of an interview transcript with Derek Quinlan, Irish property magnate. Quinlan attended an essential meeting in London at Begbies Traynor accountants on October 2, 2023, where he addressed the substantial nature of his remuneration.
In the field of sports, Gerry Thornley presented his evaluation of the early URC season. He noted that Leinster has performed well so far, but Munster needs improvement. One-third of the BKT URC season has concluded with considerable speed, leaving nine months until the end game with the Lions in Australia.
A disturbing report revealed that Syrian refugees, approved for resettlement in Ireland two years prior, remain abandoned in a war-torn zone in Lebanon. The aftermath includes families sleeping on the streets after escaping bombings, children missing years of education, and attempts at home medical treatment due to fear of deportation.
In the wake of the US elections, Maureen Dowd’s commentary highlighted women’s role, claiming these elections to be a litmus test to determine how badly women want their voice to be heard in the political landscape.
“It may appear odd to lament having offspring now, especially as they’ve matured into adults, but there are moments when I can’t help but experience such sentiments.” We’re conditioned to assume that as parents, we should feel an absolute affection for our children, consider them the finest occurrence in our lives. Traditionally, many do feel this way, notwithstanding the instances when their children provoke exasperation. However, it’s uncomplicated to utter such notions. This is the standard societal stance on parenthood, in all its riotous magnificence.