why is this news, is she running a local road race in Dublin? she will not be running for Ireland.
It's not news. Some random poster on an amateur running blog message board noticed it.
OP here.
For the record, I discovered this tidbit this morning after reading seeing the “Mary Cain News” thread which seemed to be not news at all — it dealt with the RED-S stuff that has been out there for years.
I wondered if she was still involved with the Atalalanta thing — she is. I then decided to look her up on the World Athletics site to see just how long ago it has been since she was competitive. It was then I saw that her country was listed as Ireland and that this just happened on Friday.
You're right, it *doesn't* matter. The Mary Cain saga is simple: She gained weight, her body changed, and she couldn't run fast anymore. I saw her races as she slowed down, and it was obvious. Salazar was no saint, but he didn't slow her down. Cain's natural body development was the culprit. She shouldn't blame anyone. She's done and should find work in something not related to athletics.
I am sure Mary Cain is not in any elite shape anywhere fast enough to be competing for the Irish. She very likely got advice from her ultra-wealthy family's advisor at BBR wealth management, who also just so "happen" to be Mary Cain's main sponsor at Atalanta NYC. Evan Roth is the CEO of BBR wealth management and is the head board member of Mary Cain's whimsical Atalanta NYC.
With switching allegiance and the Irish tax system, the goal is to avoid paying American taxes to the IRS by claiming income is earned in Ireland even though you live in America, have no job in Ireland, and rarely if ever step foot in Ireland. You basically register a shell company in Ireland and then have all your American income and "donations" go to that Irish bank account owned by the shell company you control. As long as Mary Cain claims the American money was earned by the Irish shell company and she doesn't try to move the money back to an American bank, she pays no American taxes. And she will pay very little tax to the Irish because the rates are so low over there.
With all that American money laundered to an Irish shell company, you can then do what all ultra-rich people do and launder it further to other shell companies to make "investments".
The Double Irish was closed in 2010.
Most high net worth Irish people like U2 and Denis O'Brien moved their tax affairs out of this country.
If Mary wanted to move Atalanta as a corporation to Ireland and use it as a tax vehicle she could do so with an irish director and would not have to advise world athletics of anything. WA to the best of my knowledge don't include tax compliance as a pre requesite for anything, but to represent Ireland Mary would need to be a citizen and not have represented another country for 3 years
Incorrect, the Double Irish loophole was only closed in 2020 and was in use up to that time by basically every wealthy American company or individual of any importance. However, new tax avoidance loopholes were developed by Americans called the Single Malt and the CAIA that still launders American money to Ireland to avoid paying taxes to the IRS as shown in the Wikipedia article below. It is without a double that with the wealth of Mary Cain's family and her having the CEO of BBR Wealth Management as her personal toy that she has been advised to use these new Irish loopholes to avoid paying any American taxes on the settlement money from the Nike/Salazar lawsuit that settled late last year.
Despite US knowledge of the Double Irish for a decade, it was the European Commission that in October 2014 forced Ireland to close the scheme, starting in January 2015. However, users of existing schemes, such as Apple, Google, Facebook and Pfizer, were given until January 2020 to close them. At the announcement of the closure it was known that multinationals had replacement BEPS tools in Ireland, the Single Malt (2014), and Capital Allowances for Intangible Assets (CAIA) (2009): Single malt is almost identical to the Double Irish, and was identified with Microsoft (LinkedIn), and Allergan in 2017; CAIA can provide up to twice the tax shield of Single Malt, or Double Irish, and was identified with Apple in the 2015 leprechaun economics affair.
Mary Cain showed she was had very little power or bike handling skills as a cyclist in the one triathlon she did as a triathlete and likely got her sponsorship from the USA Triathlon dropped
She's yesterday days news. She never broke 4 min in the 1500 or 15 minutes in the 5000. Now the 5000 record is a minute and forty-five seconds faster than her 5000 PB. Her real problem was her mindset, psychologically weak and didn't know how to work hard.
^keyboard warrior distance dufus who is probably 5'4" and 130# chimes in.
Which makes him the same size as Haile Gebrselassie and Kenenisa Bekele. Dufus.
It was a terrible family decision. They gambled for glory and lost. they knew what/who Alberto was and it was to give everything. She gambled it all and lost. Life sucks. Ask the millions of truly abused girls who never got close to glory or a settlement. She lived a charmed life but the magic ended abruptly. Guess what? Millions of people have their glory years in high school. Time to stop blaming others. The Irish girls are pretty good, I doubt anything pans out there.
Yup⬆️, I remember when I read an article (in Outside?) that she was going pro out of HS ( maybe even into her senior year?), and asking my wife, who was a successful high school athlete at a couple sports, Does this seem like a good idea? An emphatic No. College is a big change, but there are several commonalities to help a girl through, especially in a team atmosphere . Cain showed up in a strange town as a teenager, "working " with adults that were not there as mentors. Her parents failed her epically. Salazar was not a great coach . Any fvckng guy can take body fat measurements and tell you to lose weight. It's lazy and unimaginative.
She would have gained 25 pounds in her first month at a university due to the unlimited food at the dining facility. Salazar did his best to keep her away from the donuts but there was only so much he could do.
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