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Dublin: 11 °C Sunday 19 May, 2013

Wallace: ‘Unlikely’ €2.1 million Revenue settlement will be paid

The TD’s company settled with the Revenue over undeclared VAT. This morning, he acknowledged what he did was wrong and said he was “far from proud” about the situation.

Deputy Mick Wallace
Deputy Mick Wallace
Image: Sam Boal / Photocall Ireland

IT IS “UNLIKELY” that Deputy Mick Wallace’s company, MJ Wallace Ltd, will be able to repay a €2.1 million Revenue settlement, the TD said today.

Speaking on RTÉ’s Morning Ireland radio programme this morning, Deputy Wallace said that “bar some bank were to come in and rescue the company, which is very unlikely in this climate, it is very unlikely that the Revenue will get the money”.

The company reached a €2.1 million settlement with Revenue over undeclared VAT, as reported in a story which appeared in today’s Irish Times.

Deputy Wallace acknowledged what he did was wrong, but told Morning Ireland that he did it to try and save his company and the jobs of 60 employees.

I do feel responsible for it. I do not feel good about it.

He said that he owed money to banks “who took gambles by giving me the money same as I took gambles by borrowing it”.

I am far from proud to be owing the Revenue money, same as I owe some contractors money. I had a very successful business.
I didn’t go mad. I had property worth over €70 [million]; I owed about €40 [million] and a banking crisis arrived and my property over about an 18 month period became worth €20 [million], probably less now.

Wallace said he did his “living best all through that time to try and keep the company afloat”.

He admitted that he underdeclared the VAT “because I still believed I could rescue the company”, and recognised it was wrong to do so.

The Deputy added that he thought he could save the company and pay the VAT the following year, but when that did not work out, he made his declaration to the Revenue.

He added that a €19.4 million judgement brought against him by ACC bank “was the nail in the coffin for the company”.

When asked if he is a fit person to remain in the Dáil, Deputy Wallace said he believes he is, and that though what he did was wrong, he did it in good faith.

Read: Mick Wallace properties now worth just €4 million>

Read: Court fines Mick Wallace TD €7,000>

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Comments (127 Comments)

  • This guy really is a microcosm of what is wrong with our leaders, our country and society at large. Making a statement saying “I didn’t go mad” is somewhat diluted when it’s followed with”I had property worth over €70 million” he settles with Revenue for €2.1 million on a Monday and then come Tuesday says ‘by the way I can’t actually pay that!’
    @pjbrown spot on, he should be ashamed.

    Reply
  • Aine 07/06/12 #

    why isn’t it been taken from his dail pay? If people on the dole can live on €188 euro surely he should be no different

    Reply
  • This now on top of underpaying his employees pension contributions. Yet he stands there pontificating about the injustice bestowed on people in our country. Why Oh Why is this person allowed to continue to sit as a TD.

    Reply
  • Didn’t a fruit and veg importer go to prison for telling porkies about VAT?

    Reply
    • Yes, and rightly so. This guy should be in jail too.

      I don’t know how people defend him. Probably the same type of people who defend P Flynn,Charlie Haughey, Michael Lowry, Ray Burke, Liam Lawlor……

      Reply
    • Yes Jonathan and as ridiculous as that sentence was, against the backdrop of billions of fraud by people in this country who have yet to be brought to court even, I fear that Mick Wallace could now be looking at a penal sentence also – if it’s just like for like VAT fraud of course !?
      I admire his honesty now in admitting this and fronting up, unlike others, however no excuse for doing it and although he fought for the disadvantaged in Ireland more than any Govt TD, I feel his days in The Dail are numbered!

      Reply
  • A lot of small companies are also struggling to keep going and paying their revenue liabilities without a hefty salary and heftier expenses. Although his company is a seperate legal entity, he admits to knowingly making a false declaration. Surely he has to be held responsible for this? A great example in leadership????? Sick of this

    Reply
    • @Pat Murphy

      Hear, hear! To watch him sitting in the Dail, with the salary his constituents organised for him just makes my blood boil! I wish I was sitting in that seat! I most certainly would not be sitting there 99% of the time looking half asleep, out of it, and like Homer Simson, thinking of other things in his head.

      Reply
  • Should be ashamed of himself speaking in the dail complaining about the state of he country and him not paying his workers pension money. Still a brass neck developer if u ask me

    Reply
  • Is it not a criminal offence, fraud perhaps, to deliberately deceive the Revenue? If so he should be forced to resign and charged.

    Reply
  • Anyone hear him on today fm yesterday saying he’s been to all but one of the finals of the last 15 world and European cups? Is off to the euros with tickets for all the games up to the finals. Wish I didnt have to pay my vat too

    Reply
  • Mick you can’t pay your debts yet you can afford to go to Poland for the euros, answer me that one.

    Reply
  • What’s the odds we won’t hear anything about this again after the weekend ?

    Reply
  • If he can’t pay his debt to the Revenue, shouldn’t he be declared bankrupt and then lose his dail seat?

    Reply
    • Did you read the story? The dept is owed by a Limited Company not him.

      Now saying that if he ran the company in a corrupt way (which he hints at) then the director of corporate affairs can and should pass the debt onto the companies directors.

      Then he would be liable at least jointly with the other directors, and then revenue could have him declared as a bankrupt

      Reply
    • Yes Jay, I read it. Thanks for your input also. Im not familiar with business law. so thanks for clarifying that.

      Reply
    • Jay – did you read the article?

      “He admitted that he underdeclared the VAT ”

      “He added that a €19.4 million judgement brought against him by ACC bank “was the nail in the coffin for the company”.”

      Click into the link above:

      “Wallace had given a personal guarantee for five of the loans, but his company is now in receivership and is insolvent, RTÉ reports. Wallace consented to the judgment against him for €19,166,680.”

      I don’t know the full background – but it appears the “corporate veil” has been well and truly lifted on this company!

      Reply
    • Personally , I think he has more integrity than many in the dail whom earn way more as TD than they would have in their previous career , BTW that goes for practically everyone on the front bench .However of his motives, to under declare VAT was wrong and as such is has lost all moral authority . As a public representative in opposition , he can no longer criticise or object to anything . His position in the Dail is untenable and he should resign immediately.

      Reply
    • Here we go again.

      He “hints at” running the company in a corrupt way? Well, what is underdeclaring VAT if not ‘corrupt’??? Would he recommend all businesses do what he did to save themselves?

      And also, “he has more integrity than most in the Dail” – that may be, but does it make it okay? Putting up with ‘a bit of corruption’ is still putting up with corruption.

      When will people stop turning a blind eye and start demanding higher standards for people in public office???

      Sick and tired of hearing this bullshit, start the clear out here and now.

      In many places an elected official admitting this would be out on their ear – not flaunting a trip to the Euro finals!

      Reply
    • It’s a bit more serious than that Alan! As far as I can understand , he’s admitting to a fraud! Surely the Garda have to get involved now!!!

      Reply
    • @Paul ,Since you quoted me Paul , you should have read what i said before your rant , I do think he has more integrity than many there but I also said what he did was plain wrong and his position untenable and he should resign now .

      Reply
    • mick wallace is as decent as they come. he employed hundreds and paid millions in taxes. i and all people that know what he s all about will support him.

      the man is guilty of trying to save jobs. the revenue would have been paid on the next return. but the money never came in.

      Reply
  • How does his employees feel about his underpayment of their pension contributions and now he tells us he made false declarations about Vat returns and don’t expect to pay what he has settled for.I hope he enjoys his trip to Poland at our expense.I don’t expect people would have too much sympathy for him at this point and people wouldn’t be too put out if he was declared bankrupt.

    Reply
  • The VAT he took from his company belongs to the people of the country.
    Make him pay.

    Reply
    • He didn’t take the cash, a Limited Company did, he was a director and shareholder of that company and if he didn’t run the Ltd in an appropriate manner there are laws to deal with that, including removing the limited liability from the directors of the company, but please stop simplifying it down to he didn’t pay or he took the cash, this was a company that involved more people than just him

      Reply
    • @ Jay Funk,

      So, who were the other Director’s/director? Family? It wasn’t his ‘own’ money that he gave towards the football field, it was money owed to the tax man!

      Reply
    • @ Jay funk. M. Wallace was asked this AM are there other directors in his company and he said no, it was just himself.

      He made the decision to falsify and underdeclare VAT returns for his limited liability company. He admitted he knew it was wrong at the time and then threw out a red herring claiming he was trying to save his company.

      The bottom line is that he was 100% aware of his mis appropriation / diversion of monies owing to Revenue and that it was a deliberate act.

      Where is his accountant in all of this or whoever signed off on his accounts?

      Reply
    • Jay funk 07/06/12 #

      @conor that’s impossible, every Ltd in Ireland has to have at least 2 directors check out http://www.cro.ie

      Reply
    • Jay funk 07/06/12 #

      @shiela, iv no idea who the others are and would be interested to know, if the journal could look into it, if I had to guess I’d say family though

      Reply
    • @ Jay Funk
      I know a ltd co requires 2 directors. I was quoting what M.Wallace said himself in reply to the question regarding other directors.

      Reply
    • @shila in the years he donated money to a local football club his company and himself were tax compliant, it wasn’t like to stole the cash to buy face horses and fancy French shirts, he falsely undeclared and delayed a vat payment to pay sub contractors staff and to try to keep his business running, I never said it was correct to do, but somehow to suggest that he stole money for his one good is incorrect.

      Reply
  • Makes me sick ,,,sure why don’t we all not pay tax we can just say we don’t have it this man I costing the tax money through mama tax and so on get rid of him straight away no more messing around

    Reply
  • This fellow is a joke really no offence

    Reply
    • I was unemployed in 1991 and although the Celtic Tiger was having litters it was a case of who you knew.
      I spotted a Wallace van and asked a fellow who was digging a hole if he could give me a job,that was Mick Wallace.No joke.He gave me the name of his foreman on a job in Baggott street and the next day I had a job that lasted almost a year.
      This man is dedicated and loyal to those that work with him,which is more than can be said of some of his Dail cronies.

      Reply
    • Did he pay your pension contributions Diarmuid?

      Reply
    • @Diarmuid Walshe,

      Doesn’t change my feelings for the man, he became greedy and stole from the ordinary person. I owe the banks (morg.) and I am still trying to keep on top of it, trying to get a small business off the ground, no wage, no job seekers and coming to the end of any savings which I saved for years.

      Reply
    • How did he become greedy sheila, he was trying to save his employees jobs. Mick Wallace is not a greedy person (he spent a lot of his own money in the mid 2000’s to set up wexford youths football club) perhaps your were getting mixed up with a Fine Gael TD.

      Reply
    • @shiela, how many people does your company employ because he used to employ hundreds, if you knew the man you would never say he was greedy

      Reply
    • @Martin Byrne & Jay funk

      It was ‘greed’ to keep going back to the banks, taking more and more, even though the banks were handing it out as if they were printing it in the back, greed all the way, getting bigger than his boots. What have you both to say about the small businesses that were giving him supplies and never got paid, pensions? etc. etc.

      You saying he has done so much for the local football club, does nothing to change my mind. That’s like the people in Tip South/North voting Lowry in every time because he got the pot holes filled in! Or Healy rae for that matter, whom I might add, does well to get local construction contracts, must be putting in very low tenders! (Allegedly)

      Reply
    • @Jay Funk,

      Forgot to remind you also, he had labourers, builders working for him because, in case you don’t remember, it was the ‘boom time’ when places like his were flying up, when not needed. How many of his sites are finished, unsightly and unsold!

      Reply
    • Shelia yor seriously un-informed. Mick Wallace was not a TD nor had any intention of being one, when he set up the Wexford youths Club, that was years before he ran for the dail. I really do think you must be mixing him up with one of your blueshirts. You should really do a little research before taking a position. And you said you would like to get into his seat in the dail. Ha ! At least Mick knows what hes talking about when stands to address the dail.

      Reply
    • I don’t mind him having a business that was successful, and then failing. but he made some really dubious decisions. the pension fund and the tax bill to name two. this was sacrificing his employees and his state obligations to save his own hide, but what really grates on me is now he’s a born again socialist?….. come on….

      Reply
    • I do think it shows how little people have learned that a multi-millionaire (as was) businessman can defraud the taxman — stealing money, effectively, from hospitals and schools — and dip into his employees’ pensions and STILL people will fall over themselves to make excuses for him because he was a ‘jobs creator’.

      Honest to God, between this and the self-same self employed multi-millionaire businessman declaring he doesn’t do dress codes because ‘ordinary people’ don’t have dress codes in their workplace, there can be few TDs more out of touch with how ‘ordinary people’ actually live.

      The icing on the cake was when he showed up at a public meeting on education cuts simply to make a speech that, as a politician, nobody should expect him to do anything for anybody and then leaving! We’re used to politicians being divided between those few that try their best, and that majority that *pretend* to give a damn while doing as little as possible — but Wallace’s bare-faced apathy for his own job description takes things to a whole new level.

      Reply
    • Wallace broke the rules fact, he employed about 60 people fact he should lose his td position, fact he is gone off now to watch the euro championships leaving his td post unattened to watch football, nice Wallace pretends to care but at the end of the day he could not give a squirt like the rest

      Reply
    • Not sure why you are calling me a ‘blue shirt’? Do you assume I am in F Gael? If you knew me, which you don’t, I am very much independent. I do what I think is right for my children and my life.

      I see you wearing a blue shirt? Are you F Gael? Wallace, is ‘short of the truth’. There is one word for that and we all know what that is.

      Reply
  • Would not declaring VAT be the same as stealing because it’s not your money: it’s the government’s. Maybe it’s a different type of stealing, not like the stealing of robbing a slice pan or a pound of butter, where you could find yourself in prison. Obviously the law isn’t the same as justice. Funny old world, isn’t it?

    Reply
  • Regardless of whether you love or hate Mick Wallace, he will be declared bankrupt soon, it seems, and we will have a by-election to gauge the current national mood a bit better. He mismanaged his affairs, and he will, inevitably, pay the price. I thought he brought some colour and working class sentiment to the national debate, but repeated stories of his financial transactions has shed light in his developer mindset. Cheerio Mick! Roll on the by-election…

    Reply
  • What a selfish git! He still shows no real apology to the many small suppliers that gave him stuff up front, as this is the way things are done in business, which I don’t agree with. These small companies are long gone, the families in huge debt, the few people they employed are God knows where now.

    Greedy, greedy horrible little man, like many of his sort that have got away with millions of Euro. The poor fool that bought one of his homes/apartments are left with huge morgs. that they took out and they have to pay, or give the keys back and be left with bad debt following them for the rest of their lives.

    His face says a lot. ‘I’m going to try my best to look sad and sorry, but really I’m in a good place now, the fools voting me in as their TD/representative and I have a really great salary coming in every month’ – F . . k it, ya only live once, that’s what I’m doing”!!!!

    Reply
  • Just another symptom of corrupt banking and no regulation in a Banana Republic.

    It might be time to start dealing with the source of the problem.

    Reply
  • dubsy 07/06/12 #

    A rogue TD…? Almost unheard of….

    Reply
  • Maybe a nice guy just like that fruit and veg guy jailed for importing Garlic and not paying his taxes!! I don’t see a a major difference here, Jail him for 6 years or release the garlic man!

    Reply
  • As a builder/speculator Mick Wallace was always part of the problem, not the solution. Just because he looks and dresses like a crusty doesn’t mean he is. He’s as devious and conniving as the last self styled “man of de people”, Bertie Ahern. I’m tired of people excusing Wallace because “he done a lot for de yoot” and he gave fellas a job. How many construction and retail jobs were created because of Quarryvale/Liffey Valley, yet people went to prison for wrongdoing “in good faith”. Put Wallace in a sharp suit and he’s just another mealy mouthed Pee Flynn or Michael Lowry.

    I hope he enjoys his cushy unvouched expenses and TD’s salary as he goes swanning off to the Euros. We Wexfordians have nothing to be proud of for voting him in.

    Reply
  • Only in Ireland……. Country gone down the tubes because of property developers and we vote in one of the main culprits who doesnt pay his VAT as a TD. What next? Seanie F running for and getting elected to the Dail.

    Reply
  • He’s not the first nor will he be the last TD to be sitting in the Dail after ‘tax problems’. The bigger question is will he be re-elected come the next GE? Plenty of other TD’s have been. Will we see a change in the public’s response to this kind of thing or will it still be all local and sure he fixed the pot hole at the end of the road….

    Reply
  • His company, owned by him tried to defraud the state and was caught out when he was audited. No excuse.

    Reply
  • He probably has an “ethical out”.
    Apparently its ok not to pay taxes that you don’t agree with (e.g., the household charge). So he just has to start a movement about how unjust it is that businesses are expected to hand over VAT to the state and call on all companies to stop making VAT returns (Don’t Register, don’t pay!). Sinn Fein and ULA would of course have to row in behind him. RB Barret and Clare Daly will be packing out the community halls with business owners rising up against the Man!

    Reply
  • If he had any honour he would resign.

    Reply
  • He says :

    ”I didn’t go mad. I had property worth over €70 [million]; I owed about €40 [million] and a banking crisis arrived and my property over about an 18 month period became worth €20 [million], probably less now…”

    So I ask you, how much do you have to borrow before you qualify as mad??

    How much can you underpay your staffs pension contributions before ‘I was doing it for the staff’ doesn’t wash?

    Reply
  • Basically, once again a down-trodden member of the proletariat is being hounded by the oppressive arms of the State. My own Union, the National Union of Stationary Council Workers, has just passed a resolution expressing solidarity with Comrade Wallace. What we demand is action against the corrupt property developers who are openly flouting the law of the land and swanning off to Poland to watch the soccer despite the massive debts they owe to Irish taxpayers. They should all be locked up immediately!

    Reply
  • As far as I’m concerned his biggest crime is wearing those pink shirts

    Reply
  • Difficult to dislike the man. But you can’t make exceptions for someone who you’re sympathetic towards. He should step down.

    Reply
  • Life is short,
    Work Hard,
    Play Hard,
    Pay sod all tax…

    Reply
  • I smell a by-election!

    Reply
    • Yeah another seat for Sinn Fein then.

      Reply
    • Why is Enda going to resign for lying, at least Mick told the truth about the possibility of his bankruptcy to the electorate before he got elected.

      Reply
    • A statistical analysis of the constituency from 2011 is a good place to start in calling a seat should a by-election be called. http://electionsireland.org/changes.cfm?election=2011&cons=232

      It’s Fine Gael’s to lose from the start with Senator (and former TD) Michael D’Arcy the likely candidate.

      Sinn Féin is coming from a low base although they’re likely to pick up any lost Labour support and a good chunk of Mick Wallace’s support. The question is who they put forward as a candidate and can he/she win enough middle ground support and transfers.

      Fianna Fáil and Labour aren’t within a shout of a seat although their transfers will be key in who gets the seat.

      It’s likely to be won by Fine Gael although if Sinn Féin can put up a strong candidate or if there’s a surprise independent candidate then the race is wide open.

      Of course I am getting way ahead of myself here.

      Let’s get Mick out of his seat first before we talk of the by-election :D

      Reply
    • As someone who comes from Wexford David, I can assure you that if a by-election were to be held, Fine Gael would not pick up the seat. Even a FF candidate would have a better chance, not that I’d think that they would even win. FG will be toast in Wexford county after the next election. 1 seat at best. Their support in Wexford, especially south of Gorey has always been a case of them not being FF. Like FF, the majority of FG support up and down the country was and still is dependent on what tribe you were born into. Wexford doesn’t really do FG. In the past they have secured two seats, but at times when the only real choice was FF/FG/LAB and the people wanted to protest against the government. Times have changed and the best FG can hope for here on in is 1 seat. Ivan Yates was an exception as he was always able to gather support from everywhere, which had very little to do with FG support but more to do with his personality and individual appeal. Not a hope of a by-election victory for the West German blue shirts here.

      Reply
    • David Fine Gael are a dying beast every time your “leader” opens his mouth another nail is hammered into its coffin. If you’ve got a politcal mind you must know with the huge vote Mick Wallace got in the last election, only people who distance themselves from this government will stand a chance of winning his seat, should he be forced out of it. To quote the 2011 statisics shows that you don’t have a politcal mind however. As they say “a week is a long time in politics” and 20011 is a life time ago, when Fine Gael and Labour promised the people of this country anything and everything to get into power. And then just carried on the policies of Finna Fail. Mick Wallace is very popular down there so there’ll be no Fine Gael’er or Labour taking his seat. It will be an independant or Sinn Fein.

      Reply
    • limofax, polls conducted in Wexford in mid-May indicate that FG would receive the largest share of the vote if an election were held now.

      FG – 33%
      FF – 19%
      SF – 14%
      Lbr- 11%
      Oth- 22%

      In a full general election that would translate into 2 FG, 1 FF, 1 SF and 1 Other. In a by-election it would very likely mean a win for FG.

      Reply
    • @limofax

      Fine Gael won 35% of the Wexford vote last year.

      To be in a situation where we scrape ONE seat means a vote of about 15% (where 16.66% is the quota for a seat in a 5-seater).

      That means the vote is down by a THIRD.

      What opinion poll shows this occurring?

      Reply
    • * TWO THIRDS

      Reply
    • David, a more accurate look at those figures would warrant a breakdown of those figures per candidate, as that would be more appropriate for a bye-election, which goes as such:

      FG 11.48% per candidate
      Lab: 10.24%
      FF: 9.29%
      SF: 5.76%
      Ind: 17.76% (this is for Wallace himself, excluding other IND’s)

      This would indicate that, were an election called tomorrow, the result would be unpredictable in the immediacy. Wallace commanded a huge share of the vote and who knows where they’d go. I’d imagine a fair chunk to SF but would also say that FF would benefit more that FG and Labour from this vote. Who knowns, should the seat become available there could be another high profile IND that would take it.

      Reply
    • Sorry Peter just say your post there. What’s the source of that poll do you know?

      Reply
    • It was MRBI. A poll conducted by Red C last week (and which I was a respondent in Wexford for, funnily enough!) also had similar results for Wexford:

      FG – 30%
      FF – 20%
      Lbr-16%
      SF-11%
      Ind-23%

      Red C translate this into the following seats for Wexford, if a general election were held today

      2 FG, 1 FF, 1 Labour and 1 Other.

      And, again, I think that has to be seen as meaning FG would be likely to win a General Election. I don’t think the ‘by candidate’ vote from the last election really counts for much since (i) any by-election wouldn’t be run under PR but AV and (ii) each party would only be running one candidate so splitting the vote doesn’t arise.

      Reply
    • sorry, should have said ‘likely to win a by-election’ there.

      Reply
    • And there’s more. Another poll last week by the Sindo showed very similar results for Wexford to the other two polls:

      (Again, for Wexford only)
      FG – 36%
      FF – 19%
      Lbr- 13%
      SF – 12%
      Oth- 19%

      Translating to: 2 FG, 1 FF, 1 Labour and 1 Other. With all three polls in broad agreement (the only dispute among them being whether SF or Labour would take the fifth seat) it looks like a clear advantage to FG – rather than the inevitable loss limofax suggested.

      Now, by-elections ARE somewhat different beasts because people can feel more comfortable ‘protest’ voting against a government they actually broadly support since they won’t be toppling it but it’s questionable whether that’s a big enough factor to stop FG taking the seat. And I’m not saying that from a biased point of view (I’d be very unlikely to be voting FG if there IS a by-election) but simply looking at the facts.

      Reply
    • A good point but neither is the party support from the previous election give a good indicator as a lot of candidates come with their own personal vote that could artificially boost one party over another given the number of candidates ran. The polls you quote are for a general election but you have to be careful with those as the sentiment in bye-elections usually vary from potential GE’s. Remember that Noel Tracy was the last time a government party won a bye-election (Galway East 1982) up until Nulty in the past year and he didn’t last long in the Labour PP after. People who would vote for a stable government in a General Election are more inclined to register a protest vote in a bye-election. Also party faithful in government parties are less likely to get the vote out in these instances as previous elections have shown. I think it’d be a much tighter affair than those polls suggest however until such a time as Wallace does the right thing and resigns, we’re only hypothesizing.

      Reply
    • limofax 07/06/12 #

      Polls, polls, polls. While I am a believer in the polls in general. I think in a by-election, previous polls go out the window. It is a chance for people to show their government a bloody nose. Coming from Wexford I believe FG does not now or ever did have a large base, at least never the way that FF did. They wouldn’t win a by-election if one were held today. While FG would narually of course poll fairly well, as the largest party in the country you would expect it to. However, it would never be enough to win a by-election in Wexford. We’ll see.

      Reply
  • I assume if he fails to repay the revenue he will be jailed just like the garlic scam Begley guy who got 6 years for defrauding the revenue of 1.6 million. On that basis deputy Wallace is looking at 8-10 years??? Hmm we’ll see. **eyes roll**

    Reply
  • It makes us all bitter during the current climate to lash out at such actions and rightly so. I am not denying that Mick wasn’t a grafter. I often saw him around the city with tape measure in hand or getting stuck into the work himself. But a fool he is not as he is protected by the fact that the liability is owed by a limited company. It dosent bode well with the citizens of this country especially for a man in his position.

    But It’s all a too familiar story and a lot more similar cases will follow as time goes on. He was crafty enough to secure himself a seat in the Dail along with the salary it provides him with while contractors owed money by his limited company were left unpaid. I would be intrested to hear how the contractors have come through this or what state it has left them in. It’s a bitter pill to swallow to see someone get on in life when hundreds of thousands of people seek employment and those who are still in employment subsidise his salary. It’s takes a certain kind of person with a hard neck and Mick seems to have that neck. It’s all so surreal.

    Reply
  • Wexford shoud become an independent country we can do without them. They could then elect Wallace as their PM and they could use eggs as their currency.

    Reply
    • @ Daisy Chainsaw

      Exactly! If he doesn’t go to jail, he should be sacked, pension etc. taken from him as he lied and stole from the Government/people. If he doesn’t go to jail, let the business man out that paid ‘the wrong VAT’ on his veg! Why should he be in jail when Wallace walks free.

      By the way, some above seem to think it’s ok for Wallace to leave his place of work, pay for flights, food, hotel, drink and tickets to all of these matches. Money that could be given to the small businesses that he robbed.

      Reply
  • What did the big 4 get paid for over the past 10 years?
    And what did they get paid?

    http://en.wikipedia.org/wiki/Big_Four_(audit_firms)

    Reply
  • So he lied to Revenue “in good faith”. Why isn’t the DPP calling for jail time?

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  • Gagsy 99 07/06/12 #

    He deliberately misstated the company VAT return to avoid paying what was owed by the company.
    Its not even that this was a tax on his business’ income – this would have been VAT that the company collected on behalf of the state and is therefore the property of the state. Its analagous to not paying on pension contributions from employees – oh, wait he was up to that as well.
    Justifying it that he wanted to save the company and the 60 jobs does not wash – thats not his decision to make with someone else’s money. I can’t elect to avoid my taxes and give it to SVP instead, I can only to do that with after-tax money thats mine.

    “Good faith” me hole!

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  • He needs a shave and to buy a suit.

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  • @Pa.drig McCann

    He should go to jail, full stop! The business man that paid VAT on wrong veg is in jail for 7 years! He doesn’t have the millions that Revenue are looking for, although he is going to all the Irish matches +. Nice hotel, flights, food, drink, tickets paid for. Ah he obviously read the ‘Bertie Bible’.

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  • Why arent the guards involved?

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  • And then what do the Irish people go and do – only elect the man! Says it all really.

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  • Because he, mick Wallace, is tax compliant. It’s his company that isn’t. Yet another quirk of paperwork, but we’re well used to them by now.

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  • What was Mick’s company’s name again? Wallace and Gromit? Lol

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  • Back in 2002 I was unemployed for a few months. It appears that I was overpaid by the time and social welfare have come looking for it, 10 years later!!!!
    All 79 euros of it, yes that is 79 euros.

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  • He should resign his seat unless he repays Revenue back.

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  • If it was me r you what wound happen ?

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  • Does not matter either way.He is one of the untouchables now.

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  • Meath 07/06/12 #

    FG Chairman Flanagan calling for action against Wallace but couldn’t discipline Their own members for fear of a bye- election …

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  • While the circumstances may be somewhat attributable to the banks, it was Wallace as a director of the company who, knowingly and with the intent to defraud the state, made a false declaration to The Revenue Commissioners for the purposes of hiding the inability of his company to meet its creditor obligations.

    I’m sure there’s something in that which constitutes an offence against the State, but also has to contravene the Companies Act in some way.

    Irrespective of whether or not he’s a nice guy, the reputational integrity which he traded on to gain electoral success is irrevocably undermined by this one action and has far reaching consequences for him.

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  • If he fiddled vat on garlic he would get six years can someone explain why he should walk just because he is a TD.

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  • This is Ireland 2012 everyone is forgiven unless u owe for household charges etc

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  • His frankness is a rare thing. He made mistakes…but admits them. How about a similar interview wih the banks..

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    • He’s going to be published on the list next week anyway.

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    • Exactly David.

      His admitting this is a preemptive PR attack so that he can foster public opinion from those who’ll say “ah fair play, he’s as honest as meself. Not the worst of them. Shure de vat wud only be going to de bondholders” etc etc.

      False VAT return? He should be disqualified from directorship.

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    • Jim 07/06/12 #

      He’s admitting this because its about to go public. This is nothing but a pre-emptive attempt to control the media reporting on it. Do you seriously think he would be saying this if this news wasn’t going to be published? Get real.

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  • I’m not defending him.
    It’s much easier to post here ‘hang em high’.
    I believe he should be allowed to keep the average industrial wage for himself and pay back the rest. Many people on this website (if we are truly honest) would gratefully accept the revenue over paying you or an extra €10 in change at the filling station. As for the comment above ‘I should have been a priest’?
    That is typical of so much that is wrong that everybody is painted with the same brush.
    Abolish the catholic church, kick all the TD’s out of the Dail etc. etc.
    Where does that leave us?
    I never said Mick Wallace shouldn’t pay what he owes. What I said was appreciate he held his hands up and said what he did was wrong.
    Now he should do all that he reasonably can do to repay the money he owes.

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    • Sean holding your hands up and admitting your wrong is fair enough. But he’s followed it with hollow excuses of having other peoples best interests in mind while he commited fraud and deceived the government. This is just damage control before he was outed next week anyway. The fact that he’s off to the Euro’s tells you enough about his character and how high an opinion he really holds of the public!

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    • He is saying he won’t do what he reasonably can. He is scheming his way out of this one, AGAIN. Meanwhile small businesses were not paid, buildings left unfinished and dangerous, and he gets let off by people who encourage wholesale fraud and deception.

      Have you no moral compass whatsoever?

      “Many people on this website (if we are truly honest) would gratefully accept the revenue over paying you or an extra €10 in change at the filling station.”
      Revolting statements giving us a real insight into the corrupt litte cesspit that some Irish people think is normal life. I have never stolen a penny in my life, and I don’t expect TD’s or anyone else to do so.

      Revenue overpaying you will be caught next year or the year after and fined. Phone them and sort it out.
      An extra 10 euro in change at a petrol station… Give it fecking back, like normal honest people do!!!

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  • What we have here is a TD who has held his hands up and said what he did was wrong. I find that most refreshing.
    Please cut the guy some slack and stop the ‘holier than thou’ nonsense.
    He was wrong, he admitted it.
    Should we remove him as a TD and replace him with someone less forthright? I’m going with Diarmuid above, someone who has firsthand experience of Mick Wallace.
    I myself don’t know him but respect someone who holds his hands up when he does wrong.

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    • All crimes are ok if you confess, is it?

      You should have been a priest.

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    • gerry 07/06/12 #

      While no one has an issue with someone who works hard, hands on and looks after the community. However a crime is a crime no matter the circumstances. How is he a good man to his employees when he underpaid their pensions. Filed false tax returns which affects badly needed monies to the state coffers and if the settlement figure is as stated I’m sure the true figure is probably up to 50% more than the figure quoted I the article. If you were self employed and failed to make the appropriate tax returns it wouldnt be long before the sheriff was knocking down your door.

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    • He is going to be named by revenue next week anyway.

      What he’s doing today by coming out is damage control. Nothing more.

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    • Ah ya Sean sure its grand to fraudulently underpay your tax bill as long as it’s in good faith.

      Holding up his hands is punishment enough – spot on mate!!!

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    • limofax 07/06/12 #

      Surprise, surprise David. You have plenty to say on this story today but no comment on the article about TD’s returning their expenses. Damage control ?

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    • Jim 07/06/12 #

      So if Seanie Fitzpatrick, Sean Quinn, David Drumm and all the others like this come out and say “I did wrong” then we should just forgive them and forget everything they’ve done. I’m sure they didn’t realise it would that simple.

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    • And if they try to get elected to the Dail we should vote for them in our droves as Wexford did

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  • Just after hearing a Fine Gael TD on the radio who was wet at the mouth to see Wallace punished it just shows you how quick Fine Gael forget along with other leading political parties. Oh did big Phil settle his management fees on his holiday home abroad????

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    • Reg 07/06/12 #

      What’s that got to do with VAT fraud?

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    • to elaborate slightly, Mick Wallace is not the only politiian to be dishonest. He was wrong and should be held accountable. When FG and all other political parties jump on the band wagon they should look to the past.

      Now Reg does that explain my point a bit better??? If not go up to your attic and dig out the ANN and BARRY books!

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