Craig Whyte: Would You Trust This Man?

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superhoops said:
Rebelbhoy.
To deliberately keep and use that money that should be helping poor children and pensioners, the weakest in society is fraud in my book.

HTF Name all these EPL teams please. Or were you telling lies
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I don't mean to be rude, but it just isn't fraud.

Call it what it is. The Huns availed of a legal scheme. The tax man contends they should not have availed of it. It has yet to be proven who is right. I'm backing the tax man.

I am telling you that members of the Celtic staff have availed of tax schemes and legally deprived the government of money that should be helping poor children and pensioners. Are they committing fraud in your book?
 
Rebhelbhoy, I don't know which is more important for you.
Is it to minimise the wrong done by Rangers, or is it to try to prove some stupid point against me.
Well unrebelbhoy until a judge or someone of similar standing rules otherwise I believe that it just wasn't a stupid interpretation of the tax laws. but a blatant attempt to defraud their queen of a substantial sum of money.
Ranger lover (rebelbhoy) I am not aware of anyone or any group of people at Celtic Park who have blatantly deprived the Rangers queen of any amount of money at all and especially such a large number of millions. Maybe you could post us the details. (Real not imaginary )............get off your high horse and if you don't agree with what I post ignore me, rather than go down their road.
 
Up the Huns <ok>

**** sake<doh>

You think I am going to reveal on the Monkey board who at Celtic park has legally availed of tax loopholes?

There is no vendetta against you. If you are intent on making things up about the Huns, then as far as I am concerned you are just as bad as Med Dog. You have enough real things to have a pop at them for. There is no need to make **** up as well.
 
sh - I take your point that to avoid paying tax could be considered in the 'popular' sense as defrauding the nation but strictly speaking RB is quite correct. 'Tax Evasion' is illegal and a criminal offence whereas 'Tax Avoidance' is not illegal -simply because the tax avoidance schemes, thought up by accountants and so-called tax-advisors, are availing of loop-holes in the tax laws. HMRC and other countries' tax authorities are, of course, constantly trying to close these legal loopholes but as soon as they close one, another is dreamed up and taken advantage of by not just footballers but by most 'rich/wealthy' people and high earners who can well afford and queue up to seek the advice of these tax avoidance 'experts'.
 
http://www.independent.co.uk/sport/...loophole-to-save-millions-in-tax-2118289.html

"It is understood that many leading Premier League clubs, including Manchester City and Chelsea, have used EFRBS &#8211; employer-financed retirement benefit schemes &#8211; in order to make their offers to players even more attractive. Completely legal, the scheme allows players to sacrifice up to 50 per cent of their wages at source to be placed in a trust that is set aside for their retirement."
 
HTF said:
http://www.independent.co.uk/sport/...loophole-to-save-millions-in-tax-2118289.html

"It is understood that many leading Premier League clubs, including Manchester City and Chelsea, have used EFRBS &#8211; employer-financed retirement benefit schemes &#8211; in order to make their offers to players even more attractive. Completely legal, the scheme allows players to sacrifice up to 50 per cent of their wages at source to be placed in a trust that is set aside for their retirement."
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What is the relevance of this HTF?
 
That is not what happened here. Rangers set up an oofshore "trust" type structure which is run by trustees (directors if you will) totally seperate from Rangers. Rangers paid money into this to set it up. The structure then made loans to players joining rangers ( which it never intended to have paid back) as incentives to join. The problem is Rangers have been found with evidence instructing payments to players essentially meaning the payment was being directed directly by Rangers and not the structures own directors therefore a taxable payment. [more or less] the main difference between Rangers and every other club that operated the same scheme is that they have been caught with evidence instructing the payments.
 
SuperStuKFC said:
That is not what happened here. Rangers set up an oofshore "trust" type structure which is run by trustees (directors if you will) totally seperate from Rangers. Rangers paid money into this to set it up. The structure then made loans to players joining rangers ( which it never intended to have paid back) as incentives to join. The problem is Rangers have been found with evidence instructing payments to players essentially meaning the payment was being directed directly by Rangers and not the structures own directors therefore a taxable payment. [more or less] the main difference between Rangers and every other club that operated the same scheme is that they have been caught with evidence instructing the payments.
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Sooooo, you work for the HMRC?

Elgin House per chance?
 
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