Friday December 13, 2019

JP McManus to file motion against US government in gambling tax dispute

Racing tycoon is trying to recoup €4.6 million in taxes

Barry J Whyte

Chief Feature Writer

17th April, 2016
Businessman JP McManus

Billionaire JP McManus will on Monday file a motion for summary judgment against the US government over the tax bill on his gambling winnings.

McManus is trying to recoup $5.2 million (€4.6 million) in taxes that he says should not have been withheld from $17.4 million that he made in gambling winnings in 2012.

He won the money from a businessman, identified in court papers as Alec E Gores, an American investor who made his fortune through leveraged...

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