Nick Delehanty
@Nick_Delehanty
There is no mistake. The most lucrative homeless contracts are awarded to Madloch & Framewell Limited
The interesting thing about these companies is that they are owned by a fund, “New Vision Strategies Alternatives ICAV”.
Contracts: €55,567,599.60 + €53,640,400.00
Beds: 173 + 167
Term: 10 years ≈ €90 per bed per night ≈ €2,750 per bed per month or €32,200 per year.
Because they are owned by an ICAV/Fund:
Have no employees Pay no corporation tax Pay no tax on rental income
All profits flow to the ICAV/Fund which itself is owned by a company in Cayman Islands, RJM Limited.
So highly likely that almost no Irish tax will be paid whatsoever. Using these structures for taxpayer-funded homeless accommodation is like hiring a hedge fund to run a soup kitchen.
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Eddie Punch
@EddiePunch
·
Jan 4
Replying to @Nick_Delehanty
There must be a mistake – if they gave every single homeless person €45k/ annum and every homeless family €90k/ annum it would be more effective.
About michelleclarke2015
Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
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