Finger-wagger-in-chief Séan Barratt
Stinking rich speaker Séan Barratt.
But how rich?
Facebooker Liam Deegan fumes:
Séan Barrett, the man who refuses to let his boss Enda, down by throwing a fire blanket over the opposition in case someone happens to manage to start a fire under his bottom….
For a man that declares no income other than his Dáil salary, he has plenty of fingers in plenty of pies. Every share he owns has some form of return just like the Standard Life ones he holds and then there is his directorships, so are we to assume that he makes no income or claims no expenses from any of them? Are we to also assume that his shares are not held in offshore companies- Just like the ones he holds in the Channel Islands? Time for an indepth look [link below] at Sean’s business ventures…
Yikes!
Liam Deegan (Facebook)
UPDATE: All information already in the public domain (see comments). Nothing to see here.
He’s fond of the horses and trips to Lanzarote
Who is this fella Deegan? Why should I believe or read his posts… who he?
You’re so compliant. So afraid.
Yes, Mr T, now what great wisdom can you bestow upon me to remove me from my rut of compliance and fear.
I await….
No idea who this Deegan fellah is Clampers. But hell, I like the cut of his jib.
*puts i phone on charger*
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Wow.. Just fupping wow –
Time for an indepth look at Sean’s little business ventures…
BARRETT, Sean TD for Dún Laoghaire.
1. Occupational Income …….. NIL –
BUT HERE IS WHAT SEAN REALLY OWNS:
2. Shares …………………….. (1) Shares in Sean Barrett Bloodstock Ins. Ltd.: Kildress House, Pembroke Row, Dublin 2: insurance brokerage; (2) Shares in Barrett Private Insurances Ltd.: Kildress House, Pembroke Row, Dublin 2: insurance brokerage; (3) Shares in Cabinteely Property Holdings Ltd.: Kildress House, Pembroke Row, Dublin 2: property co., (4) Shares in Standard Life: Standard Life House, 30 Lothian Road, Edinburgh, Scotland: life assurance co., (5) Shares in Inglesham Holdings Ltd.: 22 Grenville Street, St. Helier, Jersey, JE48PX, Channel Islands: healthcare Co.,
(6) Shares: Richmond Care Villages Holdings (Jersey) Ltd.: 22 Grenville Street, St. Helier, Jersey, JE48PX, Channel Islands: owner of Care Villages; (7) Shares: Swanton Holdings (Jersey) Ltd.: 22 Grenville Street, St. Helier, Jersey, JE48PX, Channel Islands: healthcare Co., (8) Shares: Grove Ltd.: 22 Grenville Street, St. Helier, Jersey, JE48PX, Channel Islands: healthcare investment co., (9) Approved Retirement Fund: Irish Life Assurance Plc., Lower Abbey Street, Dublin 1; (10) Approved Retirement Fund: Standard Life, 90 St. Stephen’s Green, Dublin 2; (11) Approved Retirement Fund: Zurich Life Assurance Plc., Zurich House, Frascati Road, Blackrock, Co. Dublin.
3. Directorships……………… (1) Non-executive Chairman: Sean Barrett Bloodstock Insurances Ltd., c/o Brennan Governey, Kildress House, Pembroke Row, Dublin 2: insurance brokerage; (2) Non-executive Chairman: Cabinteely Property Holdings Ltd., Kildress House, Pembroke Row, Dublin 2: property co., (3) Non-executive Director: JAB Holdings (Dublin) Ltd., Kildress House, Pembroke Row, Dublin 2: holding co., (4) Non-executive Director: Barrett Private Insurances Ltd., Kildress House, Pembroke Row, Dublin 2: insurance brokerage; (5) Non-executive Director: Barrett Quigley Financial Ltd., 6 Rogan’s Court, Dún Laoghaire, Co. Dublin: financial services.
NOW FOR THE REAL STORY
Séan has shares in four different off shore, Jersey-based holding companies. All of the companies share the same address in St Helier, in Jersey. The companies he has shares in are listed as:
1. Inglesham Holdings Ltd.
2. Richmond Care Villages Holdings
3. Swanton Holdings Ltd
4. Grove Ltd
All of these companies are registered at 22 Grenville Street, St Helier, Jersey and this is just happens to be the address of a major international law firm “Mourant Ozannes” and who advise on the laws of the Cayman Islands, Guernsey and Jersey. Strangely enough, Sean’s shares seem to be involved in the area of private residential care homes in the UK. Now read on…
Grove Ltd was the central lynchpin in a complex web of offshore holding companies and had up until very recently, people like multi-millionaire Irish businessman Denis Brosnan as its chairperson. Other wealthy Irish individuals such as JP McManus, John Magnier and Dermot Desmond have shares in it as well as Séan Barrett TD.
500,000 REASONS WHY YOU ARE GOING TO LOVE THIS PART –
*According to company papers filed with the Jersey Financial Services Commission, Séan Barrett, the Ceann Comhairle has over half a million shares in the four companies. The average weighted share price / value of Grove Ltd as share options for the shareholders was priced around £6.15, Séan is allowed to hold shares and investments in companies as he wishes and his shareholding while not illegal of course is more than likely just a case of forgetfulness at his ripe old age.
Now the people of Ireland know that Sean is MULTI MILLIONAIRE but yet has NO other source of private income as he declared in the Register of Interests for TD’s!
Oh, to be connected just like Séan!
People need to understand that shares are assets, not income.
The only time shares generate income is when you sell them or you get dividends. Neither scenario is guaranteed. This is why he put zero income.
So are you saying there is no Dividends on these or just pointing deflectionary points ?
No share has guaranteed dividends. This is why he was perfectly entitled to put down zero income. If it was a bond or some other type of investment with a guaranteed return, then he would be in the wrong.
Not ‘deflectionary’ points at all, I’m just pointing out that he’s completely in the right. If you think otherwise, please prove so with facts otherwise I’m afraid you’re talking rubbish :-)
How did that reach the moderation filter?
Too big.. such are the assets of one Sean Barratt?
too big is the asshat that is sean barrett, indeed.
Sean in his typical petulant whingy voice.. I’m no asshat.. Withdraw that remark immediately or you’re suspended, go raibh mile mile maith aguit
Any fact checking done on this?
ah great, was waiting for something like this :-)
I just want to say first, I don’t care of rthe man or his party. But..
All of this information is freely available in the register of member’s interests.
https://www.kildarestreet.com/regmem/?p=29
We’ve been through this, but since there seems to be a slew of the new politically conscious since the government threatened to take 3 quid a week away from you, lets do it again.
An Poblacht wrote an article in 2012 which detailed this, it was picked up by the times but nothing came of it. These interests are perfectly legal and it is just a man making investments to save for a rainy day. The most interesting thing that came of this, and is actually quite topical at the moment, is that the group he invested in had some interests in care homes in the uk.
http://www.theguardian.com/society/2011/jun/01/panorama-care-home-investigation-inspectors
But you can’t pin that on him either, because it was care home controlled by another group owned by a parent group, Lydian Capital, which was at fault. That was Castlebeck, not Grove.
He invested in a fund which very successful business invested in also, which he can’t really be blamed for. You may want to ask a question on his suitability for public office whilst holding accounts in tax havens, but in reality that’s extremely common and if you had the cash you’d probably do it to.
Mick Wallace commited what is tantamount to fraud in this country, he was a bloody property developer and people cheer when he turns up at protests.
but since there seems to be a slew of the new politically conscious since the government threatened to take 3 quid a week away from you, lets do it again.
Ha. Clown.
As for the rest of that ramble, you seem to be suggesting, it doesn’t matter what he invests in, he’s just putting away a buck or two for a rainy day in offshore tax havens to avoid paying tax, and shur you’d do the same yourself, if you were as well connected as him.
Ammirite? Summed it up well for ya there did I?
I don’t see what Mick Wallace has to do with this either.
Maybe learn how tax works and come back in a few years. I’ll be here.
still here? no ambition?
No, you’re not right, you’re just being a bit of an idiot. It doesn’t matter what he invests in. If you have a problem with what the financial and tax law in this country allows people to invest in then that’s up to you, do something about it if you feel like it. He’s a citizen just like anyone else, and enjoys the same rights as anyone else. There are many, many other issues to get annoyed at the current government about, but wasting everyone’s time with nonsense like this serves no purpose to anyone.
He doesn’t have to be ‘connected’ to invest or buy shares. He doesn’t even have to know the people name checked, he just has to know that they invested. That would give him confidence to invest. Using the word ‘connected’ makes it seem conspiratorial, for which there is no evidence, which makes it seem illegitimate from the start.
You see, the problem with this crap is that to anyone who has been paying attention to Irish politics that’s what this is, old useless crap. I don’t agree with the water charges, that wasn’t my point. My point was that if you want to hurt the government, then it takes some thought. They have been doing this longer, and they’re good at it. They could just as well take this story, for which they know there is no basis, promote it to cause half a days distraction and in the mean-time push through some amendment or cancel some debate that actually matters, maybe on the day of a march..
Going through the register of members interests isn’t going to get you anywhere. Organising a march will only go to far (especially when it’s on in the middle of the day in the middle of the week…).
Organise a poll, go door to door with a questionnaires and gather statistics, compile it into a report with the help of some sympathetic academics, send it to the media and force the government to answer questions about it for a couple of days. That’s how you change minds, take votes from them and get them worried. Posting that you have read a public document that says a member of the house has perfectly legal investment in perfectly legal companies is a waste of everyone’s time.
That’s what I meant.
Go calling door to door yourself if you want.. I don’t give a tuppenny fupp how long you’ve been interested in politics, don’t tell me what I should read. I find it very telling what their interests are. Particularly that so many of them have interests in property.
I would also expect some sort of ethical behaviour from them, in terms of where they invest and in what, and also, how some of them have amassed so much wealth, and what companies they have directorships with, and how it came about that they got those directorships.
I have no issue myself with anyone taking a closer look at that pr*cks affairs.. it’ll be brought on by himself and his carry on in the Dail.
You seem to have some sort of issue with that Dan, for reasons best known to yourself.
See the Indo bigging up the property market on their front page again today. It gets old.
1. People who are richer than me
2. People who are smarter than me
Artemis, Is that a complete list of people you hate, or do you want to add to it?
Ooohh, I wonder why I have a problem with people taking a closer look at their affairs? Hmm, what could it be? I’m obviously the head of a shady organisation which robs from the poor, gives to the rich and reads the Indo. I’m actually this very second becoming the director of my five hundred and forty sixth offshore investment fund. We mainly invest in fracking, child labour, diamond mining in west Africa and (yes, you’ve guessed it) water meters.
Jay. Sus.
Ah Dan you are on a loser there arguing with people that don’t care about the substance of your argument! Populist short term left leaning platitudes are as dangerous as far right hogwash, they just don’t want to listen. 2 good posts though.
What was good about um?
The suggestion to go reading into the affairs of politicians, but instead go calling door to door to carry out polls like a god-botherer? That one?
What was good about them was that they were intelligent , well informed and coherant points that made a mockery the utter rubbish you are spouting.
A mockery? Damn it anyway.
Mick Wallace has not repaid his loans (the ones you and I and every other pleb in the country is picking up the tab for), still has an interest in quite an amount of assets and deliberately defrauded the taxman.
Sean Barrett (so far as has been presented thus far) has done nothing illegal whatsoever and we don’t have to pay tax to cover his investments.
I’m not keen to be a cheerleader for Barrett (and it certainly seems like his affairs might benefit from some closer scrutiny) but that distinction and the strange variance in the way that Broadsheet and others react to those facts is what Dan is getting at, I think.
It looks like a lot of whataboutery to me.
that carehome scandal epitomised for me why private interests must be kept out of healthcare.the blind greed involved was disgusting.
Some of it can be confirmed on duedil.com or equivalant
Duedil is nonsense.
You need primary sources like Government run companies registration information.
As much as I like to bash our stupid parliamentary system and archaic paper-pushing gombeen overlords, he’s entitled to own as many shares in companies as he likes.
I’m actually just waiting on a comment above that details that this is nonsense and has been a matter of public record for years, and has already been published in the national media two years ago.
I’d be surprised if someone who had spent many years as a TD didn’t have some sort of a portfolio on the go.
Really, do you not think we pay them enough to focus on governing the country? Having a portfolio ‘on the go’ can be very distracting.
We seem to expect a purity and dogged single-minded ness from politicians that we don’t expect from any other group.
But then we also want then to be savvy and knowledgable about business/economics etc
Like I see your point but where do you draw the line?
We seem to expect a purity and dogged single-minded ness from politicians that we don’t expect from any other group.
Are you having a laugh?
I’d be happy with one that wouldn’t sell his grandmother for a fiver..
We seem to expect a purity and dogged single-minded ness from politicians that we don’t expect from any other group
-Isn’t that exactly what the were selling to us pre-election, since the year dot?
-Isn’t it exactly what they pretend to be doing, when they aren’t ‘fixing’ stuff during a round of golf?
Great bunch of lads!
Really, do you not think we pay them enough to focus on governing the country? Having a portfolio ‘on the go’ can be very distracting.
For gods sake, this combined with “id like to know why they all invest in property , it sounds a bit shady to me” is verging on the ridiculous.
Many many many many people all over the country have investments. In property and other things. Just because you don’t doesn’t make them part of the bilderburg group.
cop on.
The point is that he doesn’t declare income other than his Dail remuneration.
Where would he declare the income Mr.T?
Register of members interests:
http://www.oireachtas.ie/parliament/media/membersinterest/Register-of-Members-Interests-2013.doc
Ah just go way now..
Read the thread knucklehead.
Ballsy post there, imagine if this is all rubbish? Best of luck with defending the post if it ever comes to it.
Stop being afraid.
A quick flick through his facebook tells you quite a lot about him. I’d wager quite a large sum that he didn’t do any of this research himself and it sounds far more likely that as state above , it’s a matter of public record and has been reported on previously.
you are primary director of a limited company that holds all the shares , and the subsidiary companies. You pile all the money into that and take no sallary from it. When you retire you then use it as a fund to take out as much or as little as you need, simples. Means you dont have to pay the extortionate 40% rate on tax and you can expense some things through the company like mileage or a company car with no additional reported earnings.
A very smart way to manage money done by many successful people.
OAPs pay tax on income…
Yes, but if he leaves it there till he no longer has a basic sallary of 97k a year then the income tax paid will have a certain amount falling under the 41% threshold
Don’t waste your time on this Jim-Jim, It’s like casting pearls before swine.
This is a basic misunderstanding of how tax on companies works.
If you control a company (e.g. own all the shares) and leave income rolling up indefinitely in the company you will be hit with an annual close company surcharge. At a high level this surcharge works by imputing a tax on the income you retained in the company as if you had withdrawn it as a dividend. You then have to pay over this tax when filing your annual company tax return. This is specifically designed to stop people setting up companies to shelter their income from higher income tax rates by leaving the money in the company indefinitely, and is not a new innovation.
Also important to note that that to withdraw money from your company you would typically have to pay it as a dividend, which would be taxed at the top rate of personal tax (41%) and also be be subject to PRSI and USC. There are other approaches but that is the most basic.
So in summary that would be a stupid way to manage your money that is not done by any successful person. Yes you can expense certain costs through your company, but no setting up a company is not a way to avoid high income tax rates.
Do you know what the Close Company Surcharge is? Do you care?
you can invest profits back into assurances or long term funds without facing the surcharge, he doesn’t need a very long fund either as it only has to make it till retirement day. You also have 18 months to dispatch the earnings from close of year so its not like its instant.
Register of Members Interests –
http://www.oireachtas.ie/parliament/tdssenators/registerofmembersinterests/
Shares and directorships are listed.
I can’t be ars*d doing a V-look up to compare the list from Liam and what Sean – (Spelt Barrett by the way) declared.
Where the poster Liam states as ‘. Occupational Income …….. NIL ‘ is stated in the Register of members’ interests as ‘Occupation’ though.
I do see some mention of other TDs income, but no figures.
In any event, he’s still a pr*ck.. A wealthy one too.
Wealthy you say?
That explains the sirens going off in the Gulag last night.
https://www.kildarestreet.com/regmem/?p=29 yawn
+1
Kildare street have ‘Occupational Income’, too, whereas the Register of Members’ Interests do not have any listing for ‘Occupational Income’, but ‘Occupations etc’
http://www.oireachtas.ie/parliament/media/membersinterest/Register-of-Members-Interests-2013.doc
Well theres someone who won’t be stuck for a few quid after xmas.
Ück me.
That Ceann Chorlie is one hungry Bastard
How many pensions does he need ffs
Resume your seat comrade. Hes entitled to as many pensions as he wants whether we like it or not.
Its all very boring int’it
This money hoarding
spend it ffs
I’d love it if our politicians were more scandalous
Like kinky sex n drugs n gambling n mistresses n toy boys
All ours seem to be boring meany sexless scroungie ück you Jacks.
Probably a good juncture to note he has been a TD since 1981. So regardless of how wealthy he is, voters put him there.
+1
He probably lobbied for a new man-hole back in ’82 and the locals still think the sun shines out of him.
Ireland eh!
The dinosaurs need to go..
Calm down lads.
It matters not a jot that he’s screwing us.
It’s his screwing up of our democratic system that should be your bigger concern.
+1
ALL.GRAVY.
ALL.THE.GRAVY.
Fair play.
Life is short.
Slurp up all the gravy.
Withdraw that, he demands it..
Politician should be a minimum wage job with no perks and a free buss pass