Fingers wants to give the money back... sort of

johnfás

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Sunday Independent is today reporting that Michael Fingleton cannot wait to give that controversial 1 million euro bonus, which he received over a year ago, to charity.

That is very nice of him... because we all know that donations to charity receive tax relief at the marginal rate. Assuming Mr Fingleton continues to have income sufficient that he is paying the top rate of income tax he will get tax relief sufficient that a donation of 1,000,000 will receive tax relief of 410,000 (41%) thus costing him 590,000. I wonder when he'll give us the rest of it back...
 


Supermanpolitician

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You beat me to it about the tax implications, though I'm not sure it would be exactly that much as there are some limits on how much you can claim.

I love the Sindo's headline that he wants to do it "without delay". One year later is without delay?
 

johnfás

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You beat me to it about the tax implications, though I'm not sure it would be exactly that much as there are some limits on how much you can claim.

I love the Sindo's headline that he wants to do it "without delay". One year later is without delay?
The limit is 50% of your gross income on an annual basis if your income exceeds 250,000. You can claim the relief over multiple years if you exceed that threshold in one single year.

This is set to change under the Finance Bill 2010. Coincidence that there is now a determination to get it paid?
 

Tomas Mor

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I had predicted earlier in the week that Sindo would come to his rescue and sure they did, with charity scoop. Next thing is that Sindo will report that Fingers and Seanie are going to some third world country to help construct small houses for the natives. Fingers was good at giving quick loans to media hacks,and also of course fast tracked a loan for Celia Larkin when the bought house with FF slush fund became an issue. Next thing we will hear that Eoghan Harris will praise Fingers in the Senat in the same way he and Sindo gave blind loyalty to Bertie for senate seat .
 
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laidback

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Which Irish charities will get Fingers largesse?

Maybe the delay in payment is while some appropriate charities are being set up - those awkward Revenue people could be querying the aims of these new charities -

  • The Society for the protection of developers wife's who are having to get their clothes in designer swop shops
  • Irish Association for stressed stockbrokers
  • Society for the advancement of 'broke' bankers

Perhaps other posters could suggest charities?
 

stanley

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The monies should go back to IN, that is where they came from and the taxpayer should not be sponsoring grand gestures by Fingers.

Maybe in time they will want more funds back from Fingers but the precedent should not be set of allowing the likes of Fingers free sympathy publicity.
 

SirCharles

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Irish Independent Thursday April 22 2010
Cowen saw no evil in sticky-fingered society

"THAT prince among men, Michael Fingleton, has made a monkey out of the taxpayer. And now Brian Cowen is presenting himself as a monkey too. But the Taoiseach is using it as a defence: he wants us to believe he was a 'hear no evil, see no evil, speak no evil' monkey of a finance minister. ..." The whole article
 

Sync

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Charles do you consciously make an effort not to offer anything or is it just that you genuinely have nothing to say?

As for the topic....man I've no idea why this guy is saying anything. Either keep the money and shut up, or give the money back and shut up, or give it to charity, tell every one to get lost, then shut up.

By fuelling it like this he just prolongs the exposure for him and his family. It serves no purpose. No matter what he does he's not going to be thanked for it.
 

SirCharles

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Charles do you consciously make an effort not to offer anything or is it just that you genuinely have nothing to say?

As for the topic....man I've no idea why this guy is saying anything. Either keep the money and shut up, or give the money back and shut up, or give it to charity, tell every one to get lost, then shut up.

By fuelling it like this he just prolongs the exposure for him and his family. It serves no purpose. No matter what he does he's not going to be thanked for it.
I thought those articles fit well in here. If you are not interested then just inore them, Sync.

My opinion:
Those politics where the profits made are privatised, but therefore the losts are socialised, those politics have to be stopped! We need a real change in government to abolish that corrupt system!

Is that opinion enough? Or do you think it doesn't fit in here?
 

Aristodemus

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If he really wanted to do it, he'd have done it. I fail to see why he would do it as he will receive no thanks for it
 

Sync

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I thought those articles fit well in here. If you are not interested then just inore them, Sync.

My opinion:
Those politics where the profits made are privatised, but therefore the losts are socialised, those politics have to be stopped! We need a real change in government to abolish that corrupt system!

Is that opinion enough? Or do you think it doesn't fit in here?
Oh that's why you only post links. Just use Word to do a spell and grammar check and you'll be fine.

It's not an issue with your opinion, you've just spent the last day or so posting only links to locations (in one case having printed it verbatim). It's a discussion board, in general you should try to add your thoughts on a link rather than just sticking the links up there.
 

Raketemensch

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That sack of cr4p Fingers has I'm sure earmarked the cash for Catholic charities as he is up to his neck with the kiddly fiddlers as he is with the banksters. But he has to be joking with this suggestions irrespective of where the money is going or the tax implications.
He can do whatever the hell he likes with his money but unless he returns the million to source then he has not given it back, end of.
 
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Sync

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That sack of cr4p Fingers has I'm sure earmarked the cash for Catholic charities as he is up to his neck with the kiddly fiddlers as he is with the bankers.
Well that's just completely inappropriate...

But he has to be joking with this suggestions irrespective of where the money is going or the tax implications.
He can do whatever the hell he likes with his money but unless he returns the million to source then he has not given it back, end of.
You seem to be contradicting yourself, or are unaware of the situation. It is his money. He said he'd give it back despite that. That hasn't happened yet.
 

Raketemensch

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Well that's just completely inappropriate...



You seem to be contradicting yourself, or are unaware of the situation. It is his money. He said he'd give it back despite that. That hasn't happened yet.
No contradiction, very simple. He can give any amount of money he likes away. It is completely unrelated to returning this money.
 

Sync

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No contradiction, very simple. He can give any amount of money he likes away. It is completely unrelated to returning this money.
Not really. You differentiated between his money and the bonus, as if the bonus wasn't his. It's all his money.

Now society (and by agreeing to return the bonus, he himself) seems to have decided that he shouldn't keep a portion of his money. He can still change his mind and give none of it back. Or he can give back some of it. Or he can give all of it back. Or he can feed it to the goats at Dublin zoo. It's his prerogative.

I've no idea what's to be gained by him speaking about it though. "Do or do not" and all that.
 

Raketemensch

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Not really. You differentiated between his money and the bonus, as if the bonus wasn't his. It's all his money.

Now society (and by agreeing to return the bonus, he himself) seems to have decided that he shouldn't keep a portion of his money. He can still change his mind and give none of it back. Or he can give back some of it. Or he can give all of it back. Or he can feed it to the goats at Dublin zoo. It's his prerogative

I've no idea what's to be gained by him speaking about it though. "Do or do not" and all that.
You took me up wrong, I agree with you, it's all his money. And I'm saying that giving any amount of it to charity is not giving it back which is something he swore he would do. Thus he lies in public to add to his long list of foul acts.
 


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