Monday August 10, 2020

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

In Kildare, many are grateful that the lockdown isn’t a return to square one, but there is anger that actions weren’t taken to prevent it in the first place

Barry J Whyte | 1 day ago

Conservation group calls for effective regulation as multinationals increase use of on-site gas plants to generate electricity

Killian Woods | 2 weeks ago

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 1 month ago