Saturday February 29, 2020

McManus 'not popular' with Revenue, lawyer claims

US tax case arose from marathon backgammon game, writes Barry J Whyte

19th October, 2016
Businessman JP McManus

A lawyer for billionaire Irish businessman JP McManus has claimed that he may be unpopular with Revenue because he is wealthy, well-known and paid no tax for 15 years.

He won the money from a businessman, Alec E Gores, an American investor who made his fortune through leveraged buyouts, and who is worth a reported $2 billion, during a backgammon match.

Gores withheld the $5.2m on the money paid to Mr McManus on the basis that the...

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