http://rangerstaxcase.com/2011/03/28/what-is-rangers-tax-case-all-about/ Arsenal did it All you need to know
I'm glad you find it funny, maybe when the bill hits the carpet at Ibrox you will find that even funnier.
The problems for Rangers started with the fact that footballers and their agents would never be so daft as to trust a ‘nod and a wink’ from a football club executive. Amounts for salaries, bonuses, appearance fees- are all the subject of written contracts. These contracts (which are routinely available during tax investigations) provide the Rosetta Stone for tax investigators. I cannot discuss some of the other evidence against Rangers FC, but I understand that at least some of Rangers FC executives were aware that what they were doing was illegal. These executives appear to have been overly diligent in their record keeping! Not saying what Rangers did was "Illegal" as I am no Tax expert, this guy is and he thinks it was "illegal".
You always know when the Huns have run out of ammo when they resort to BJK nonsense. Pity Chim Chim isn't here with his stair jokes
Did you all miss this bit in the quoted article? From a tax advice website EBTs weren't illegal. Misdeclarations via them or non disclosure of scheme to HMRC is illegal. They were also made illegal to offer to newcomers two budgets ago.
For about a year and a bit this is what it was like every day. That and MalteseMick posting pictures of maggots eating a man's brain etc. The gold old days!
"For an EBT to stay on the right side of the avoidance/evasion line, these payments cannot be made on a contractual basis, as that would make them wages and therefore subject to the usual deductions. So they should, on occasion, be postponed and even refused by the trustee, who is, in theory, acting independently of the employer anyway. HMRC says Rangers' EBT did not work like this and was, for all intents and purposes, a tax scam. It also says it has proof of this in the form of documents and emails between Ibrox's top brass and players' agents. So, last year, an angry taxman hit Rangers with a bill for £35m in unpaid tax and interest and £14m in penalties." BAXENDALE WALKER LLP (the people who sold the scheme to Rangers) -------------------------------------------------------------------------------- It looks like someone at Rangers did not listen or read the advice given them by Baxendale Walker on how to run a EBT as a Tax evasion scam.
