Nice of the SINDO to publish the ‘Dunner’s' public apology “People of Ireland I am truly sorry… former ‘Baron of Ballsbridge’ Sean Dunne has filed for bankruptcy in the United States” A summary of the piece could be ” sorry about leaving all the debts but I paid loads of taxes before and Ireland should be nice to people like me!
Interesting how the article seems to highlight all the positives of Sean’s career in the property sector, first we have all the positive figures…the 100 million euro of personal taxes, the 350 million euro in other taxes, that Sean believes allows him to state that ‘my debt is paid’. No mention though of the other figures….like “ his “estimated liabilities” at USD 500m-1bn (€390-780m)”. Incidently there is no mention either of the breakdown of creditors which include state owned and state supported banks (no prizes for guessing who will pick up the tab there!) , nor is there any mention of the fact that the great taxpaying Sean also has the revenue commissioners on his creditor list!
What is truly mind boggling though is the neck on these people, the ‘poster boy’ (and who made him the ‘poster boy’only the cheerleading media during the boom) delivers a lecture in the final few lines. Basically admonishes Ireland for treating property speculators as ‘pariahs’ and insisting that such actions will inhibit people from investing in Ireland, says the man that is running away and leaving a pile of debts behind him!
Update ….follow up article in Independent 01/04/2013…..
It seems the 100 million euro in personal taxes is now “ ”close on €100m in personal taxes”.
As for the headline figure of 350 million euro, the figure on which Sean insisted “‘my debt is paid” , well “Mr Dunne [has now] added: “I estimate that I employed over 200 people annually over a 25-year-period in the Irish economy and contributed €250m to the Irish exchequer”.
I am confused now…..so is the man claiming credit for the taxes paid by 200 other people over a 25 year period?
So the 350 million euro figure is ‘pie in the sky’? Will the Independent clarify if the opening line in the article “But says Dunne ‘I paid €350m in tax to Irish economy… my debt is paid” should come with a health warning? Sloppy journalism or favours for a friend????
Update  It seems the Indo can’t let go of it, the latest instalment tells us “Dunne’s not a bad guy, he’s just completely cut off from reality”
At least we get an answer to one of the questions I asked earlier, it seems the ‘Dunner’ is taking the credit for other people’s taxes
“ Mr Dunne tells us that between his own taxes and those of his employees, he has paid €350m to the State over a quarter of a century.
“Therefore, I am personally happy that my debt to the State is clear,” Mr Dunne, the onetime ‘Baron of Ballsbridge’, wrote.
While the latest article does mildly attack the ‘Dunner’ , it still fails to point out that the 350million euro figure is pure fantasy and at the end of the day he is still a “nice guy”…….maybe that was Ireland’s problem ….we had too many “nice guys” and an obedient media that pushed that image…then and now!