Mckay 146 Posted September 9, 2012 Share Posted September 9, 2012 Rangers use of EBTs from 2001 to 2010 not only placed the club in great danger, but has allowed enemies of the club to moralise to all who will listen over “tax avoidance”Despite the EBT scheme being a perfectly legal one used widely in England, the interpretations of it in Scotland by tax sponging student bloggers, and lazy biased journalists have been uniformly inaccurate.Let’s be absolutely clear, the use of EBTs was legal, and could have been used by any other club in Scotland, and was in fact used by Celtic for one season.When former Bank Of England Chief Brian Quinn took over the reins as Chairman, he stopped the Celtic using the facility directly.That, however, does not ensure that both Celtic as a club and an employer can be completely excluded from questions on how payments are made to players and staff.Bear in mind that the amnesty period for the SPL’s request for full information on player remuneration, since the SPL began has passed.The questions over the remuneration for some players who have played for Celtic have largely not been asked, and those that have asked have met a wall of silenceAmong them is Robbie Keane. The deal for Celtic to take him on loan was widely reported as being fully funded not by Celtic, but by majority shareholder Dermot Desmondhttp://www.mirrorfootball.co.uk/news/Tottenham-striker-Robbie-Keane-completes-sensational-105k-a-week-deadline-day-Celtic-switch-article308999.htmlhttp://www.guardian.co.uk/football/2010/feb/01/robbie-keane-celtic-loan-tottenhamhttp://www.scotsman.com/sport/celtic-pull-off-shock-as-dermot-desmond-funds-deal-to-take-robbie-keane-on-loan-from-spurs-1-788793http://www.thesun.co.uk/scotsol/homepage/sport/spl/2855014/This-is-galling.html?print=yesIt is also widely speculated that Juninho received an EBT while at the club. Was it declared to the SFA and SPL?Other high earning stars such as Thomas Graveson Craig Bellamy and Roy Keane earned sums far higher than most of their team mates.Did they have dual contracts? Why are the media not asking these questions?Of course, these questions relate directly to the day to day business and management of Celtic the club, but what of employees of Celtic?While Rangers have been in the depths of despair, the lack of sympathy from Celtic has been unsurprising, with some comment from Neil Lennon being uncalled for, but the depth of hatred and vindictiveness from their support has been on a scale even streetwise bears are taken aback by.With blogs set up purely to highlight Rangers finances, and other Celtic blogs spending most of their time on the subject of Rangers, the common theme is that tax avoidance is wrong, and that perpetrators should be punished in the strongest terms.Of course, as a tax payer myself I concur, except that I believe that all should be treated equally.Equally, it should be noted that self-employed website owners, fanzine business owners, T shirt salesmen, and non UK Citizens are probably not the best people to lecture on tax avoidance, unless it’s from their experience of how to get away with it, or how they were made bankrupt.So, while the agenda to punish Rangers has been apparently about morals, and about “doing the right thing”, those same hypocrites have completely ignored the direct questions to Celtic as a football club, and ignored the emerging news of Celtic Players and Directors participating in tax avoidance schemes.What, you ask? Celtic players and staff avoiding tax?Well it’s true.Last week the Daily Mail reported on one such tax scheme, with one of the few names mentioned being the Celtic Manager Neil Lennon, who invested in the scheme while a player at Celtic“Innovator One designed the plans so that if investors put in £20,000, they could get back £40,000 in tax relief immediately as a result of the partnerships they joined paying large sums for technology using loans from the bank.But the taxman decided that since the loan money went round in a circle, being put on deposit with the bank that had originally made the loan, investors were eligible only for relief on the sums they had actually contributed.”http://www.dailymail.co.uk/money/news/article-2153726/High-Court-rejects-100m-claim-tax-schemes-used-sportsmen.html#ixzz1wqMvnV3zFollowing recent moves by HMRC to tighten up loopholes on Tax avoidance schemes the Independent reported that one such scheme called Eclipse 35 was now illegal.http://www.independent.co.uk/news/business/news/exposed-the-hundreds-of-city-millionaires-in-film-tax-loophole-7676028.htmlThere are numerous other similar investment vehicles that do the same thing, with such schemes including “Inside Track 3 LLP”, and “Ingenious Film Partners 2 LLP”A number of Celtic players and employees were named on another Daily Mail article on tax avoidance in relation to these schemesDirector Searches on Lennon, Mjallby, Bellamy, Petta, Hartson and Sylla are interestingOther members of Inside Track 3 include Celtic Chief Executive Peter Lawwell and Celtic Financial Director Eric Rileyhttp://www.cdrex.com/peter-thomas-lawwell/598617.htmlhttp://company-director-check.co.uk/director/900009258The full board for this scheme is below.http://www.cdrex.com/inside-track-3-llp/board-2388241.htmlSo, at the time of joining, none of the people involved appear to have done anything illegal.Now, though, after the Eclipse 35 ruling, they will have to withdraw from these schemes.Now, given that the moral argument that the Celtic support has been made redundant, will the moral judges of Scottish Football apply some balance and pursue Celtic for answers on EBTs, and possible dual contracts?Will they then condemn the practices of senior Celtic staff and players for participating in tax avoidance schemes?If not, are they just hypocrites?What of the SFA and SPL boards, standing in judgement on Rangers, while board members Lawwell and Riley themselves utilise tax avoidance schemesWill said Directors resign from the respective boards in shame?Sauce: http://williampoole.wordpress.com/2012/06/04/celtic-employees-tax-avoidance/Sorry if already posted, couldn't find it before. 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Dennis 1,011 Posted September 9, 2012 Share Posted September 9, 2012 Quality Quote Link to post Share on other sites More sharing options...
Teamgers 1,214 Posted September 9, 2012 Share Posted September 9, 2012 Is there any way to get this more publicity? Quote Link to post Share on other sites More sharing options...
TheBluebells 6,898 Posted September 9, 2012 Share Posted September 9, 2012 Is there any way to get this more publicity?Aye, live in a different country.Pretty sure this was posted before and it was mentioned it was being taken forward, anyone in the know about that? Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted September 9, 2012 Share Posted September 9, 2012 Infamy. That's my table Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted September 9, 2012 Share Posted September 9, 2012 http://forum.rangersmedia.co.uk/index.php?showtopic=221623&st=0&p=1060087667&hl=worthy&fromsearch=1entry1060087667 Quote Link to post Share on other sites More sharing options...
Mckay 146 Posted September 9, 2012 Author Share Posted September 9, 2012 http://forum.rangersmedia.co.uk/index.php?showtopic=221623&st=0&p=1060087667&hl=worthy&fromsearch=1entry1060087667Thanks mate Quote Link to post Share on other sites More sharing options...
whitey126 42 Posted September 9, 2012 Share Posted September 9, 2012 Its incredible that the media aren't running with this. The way they turned every stone whilst looking for dirt regarding us, you would think that they would be rubbing their hands when confronted with these facts. And lets face it, they will know about this, as they lift stories from here all the time. Just shows that there really isn't a level playing field when it comes to reporting within Scottish football. We just have to hope that the tax authorities do their job, because as was shown with us, if HMRC feel they have been wronged, they will go after them. Quote Link to post Share on other sites More sharing options...
Smile 26,600 Posted September 9, 2012 Share Posted September 9, 2012 Its incredible that the media aren't running with this. The way they turned every stone whilst looking for dirt regarding us, you would think that they would be rubbing their hands when confronted with these facts. And lets face it, they will know about this, as they lift stories from here all the time. Just shows that there really isn't a level playing field when it comes to reporting within Scottish football. We just have to hope that the tax authorities do their job, because as was shown with us, if HMRC feel they have been wronged, they will go after them.Not incredible at all, It doesn't fit the Agenda. Quote Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted September 9, 2012 Share Posted September 9, 2012 Rangers use of EBTs from 2001 to 2010 not only placed the club in great danger, but has allowed enemies of the club to moralise to all who will listen over “tax avoidance”Despite the EBT scheme being a perfectly legal one used widely in England, the interpretations of it in Scotland by tax sponging student bloggers, and lazy biased journalists have been uniformly inaccurate.Let’s be absolutely clear, the use of EBTs was legal, and could have been used by any other club in Scotland, and was in fact used by Celtic for one season.When former Bank Of England Chief Brian Quinn took over the reins as Chairman, he stopped the Celtic using the facility directly.That, however, does not ensure that both Celtic as a club and an employer can be completely excluded from questions on how payments are made to players and staff.Bear in mind that the amnesty period for the SPL’s request for full information on player remuneration, since the SPL began has passed.The questions over the remuneration for some players who have played for Celtic have largely not been asked, and those that have asked have met a wall of silenceAmong them is Robbie Keane. The deal for Celtic to take him on loan was widely reported as being fully funded not by Celtic, but by majority shareholder Dermot Desmondhttp://www.mirrorfoo...icle308999.htmlhttp://www.guardian....-loan-tottenhamhttp://www.scotsman....-spurs-1-788793http://www.thesun.co....html?print=yesIt is also widely speculated that Juninho received an EBT while at the club. Was it declared to the SFA and SPL?Other high earning stars such as Thomas Graveson Craig Bellamy and Roy Keane earned sums far higher than most of their team mates.Did they have dual contracts? Why are the media not asking these questions?Of course, these questions relate directly to the day to day business and management of Celtic the club, but what of employees of Celtic?While Rangers have been in the depths of despair, the lack of sympathy from Celtic has been unsurprising, with some comment from Neil Lennon being uncalled for, but the depth of hatred and vindictiveness from their support has been on a scale even streetwise bears are taken aback by.With blogs set up purely to highlight Rangers finances, and other Celtic blogs spending most of their time on the subject of Rangers, the common theme is that tax avoidance is wrong, and that perpetrators should be punished in the strongest terms.Of course, as a tax payer myself I concur, except that I believe that all should be treated equally.Equally, it should be noted that self-employed website owners, fanzine business owners, T shirt salesmen, and non UK Citizens are probably not the best people to lecture on tax avoidance, unless it’s from their experience of how to get away with it, or how they were made bankrupt.So, while the agenda to punish Rangers has been apparently about morals, and about “doing the right thing”, those same hypocrites have completely ignored the direct questions to Celtic as a football club, and ignored the emerging news of Celtic Players and Directors participating in tax avoidance schemes.What, you ask? Celtic players and staff avoiding tax?Well it’s true.Last week the Daily Mail reported on one such tax scheme, with one of the few names mentioned being the Celtic Manager Neil Lennon, who invested in the scheme while a player at Celtic“Innovator One designed the plans so that if investors put in £20,000, they could get back £40,000 in tax relief immediately as a result of the partnerships they joined paying large sums for technology using loans from the bank.But the taxman decided that since the loan money went round in a circle, being put on deposit with the bank that had originally made the loan, investors were eligible only for relief on the sums they had actually contributed.”http://www.dailymail...l#ixzz1wqMvnV3zFollowing recent moves by HMRC to tighten up loopholes on Tax avoidance schemes the Independent reported that one such scheme called Eclipse 35 was now illegal.http://www.independe...le-7676028.htmlThere are numerous other similar investment vehicles that do the same thing, with such schemes including “Inside Track 3 LLP”, and “Ingenious Film Partners 2 LLP”A number of Celtic players and employees were named on another Daily Mail article on tax avoidance in relation to these schemesDirector Searches on Lennon, Mjallby, Bellamy, Petta, Hartson and Sylla are interestingOther members of Inside Track 3 include Celtic Chief Executive Peter Lawwell and Celtic Financial Director Eric Rileyhttp://www.cdrex.com...ell/598617.htmlhttp://company-direc...ector/900009258The full board for this scheme is below.http://www.cdrex.com...rd-2388241.htmlSo, at the time of joining, none of the people involved appear to have done anything illegal.Now, though, after the Eclipse 35 ruling, they will have to withdraw from these schemes.Now, given that the moral argument that the Celtic support has been made redundant, will the moral judges of Scottish Football apply some balance and pursue Celtic for answers on EBTs, and possible dual contracts?Will they then condemn the practices of senior Celtic staff and players for participating in tax avoidance schemes?If not, are they just hypocrites?What of the SFA and SPL boards, standing in judgement on Rangers, while board members Lawwell and Riley themselves utilise tax avoidance schemesWill said Directors resign from the respective boards in shame?Sauce: http://williampoole....-tax-avoidance/Sorry if already posted, couldn't find it before.I can see you worked hard on this - but like the lazy shites who report on this, and as you correctly state, there is nothing wrong with EBTs - what the BYC is about is how we have administered the EBTs legally (and even that is a minefiled as HMRC are trying to use retrospective legislation).aslo I suspect (but no one knows until we see more) the SFA are not coming after us for EBT's but for secondry contracts (and again lazt to saythe are after us for using EBT's) As suchit mattersnot that others used EBTs they are not illegal - its how they were applied. 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babybearinoz 10 Posted September 9, 2012 Share Posted September 9, 2012 I can see you worked hard on this - but like the lazy shites who report on this, and as you correctly state, there is nothing wrong with EBTs - what the BYC is about is how we have administered the EBTs legally (and even that is a minefiled as HMRC are trying to use retrospective legislation).aslo I suspect (but no one knows until we see more) the SFA are not coming after us for EBT's but for secondry contracts (and again lazt to saythe are after us for using EBT's) As suchit mattersnot that others used EBTs they are not illegal - its how they were applied.Again, you have taken the negitive, unless of course you have simply misunderstood ?????The point is that Rangers have been called cheats for using EBT as a tax perk and yet no-one is making issue of others taking tax breaks. The central theme of the article was not about the comparatives of Rangers EBT use and others use of tax schemes with respect to guilt, it was about the inequality within scottish football regarding the moral stance taken over tax schemes and the media electing to and pursuing of issues in a bias manner. Quote Link to post Share on other sites More sharing options...
Thermopylae 15,286 Posted September 9, 2012 Share Posted September 9, 2012 But this can't be true septic are proud to fund hospitals and orphanages Quote Link to post Share on other sites More sharing options...
Shetland 76 Posted September 9, 2012 Share Posted September 9, 2012 But this can't be true septic are proud to fund hospitals and orphanages We all know why they fund orphanages. Quote Link to post Share on other sites More sharing options...
AllyLesBleus 0 Posted September 9, 2012 Share Posted September 9, 2012 Rangers use of EBTs from 2001 to 2010 not only placed the club in great danger, but has allowed enemies of the club to moralise to all who will listen over “tax avoidance”Despite the EBT scheme being a perfectly legal one used widely in England, the interpretations of it in Scotland by tax sponging student bloggers, and lazy biased journalists have been uniformly inaccurate.Let’s be absolutely clear, the use of EBTs was legal, and could have been used by any other club in Scotland, and was in fact used by Celtic for one season.When former Bank Of England Chief Brian Quinn took over the reins as Chairman, he stopped the Celtic using the facility directly.That, however, does not ensure that both Celtic as a club and an employer can be completely excluded from questions on how payments are made to players and staff.Bear in mind that the amnesty period for the SPL’s request for full information on player remuneration, since the SPL began has passed.The questions over the remuneration for some players who have played for Celtic have largely not been asked, and those that have asked have met a wall of silenceAmong them is Robbie Keane. The deal for Celtic to take him on loan was widely reported as being fully funded not by Celtic, but by majority shareholder Dermot Desmondhttp://www.mirrorfootball.co.uk/news/Tottenham-striker-Robbie-Keane-completes-sensational-105k-a-week-deadline-day-Celtic-switch-article308999.htmlhttp://www.guardian.co.uk/football/2010/feb/01/robbie-keane-celtic-loan-tottenhamhttp://www.scotsman.com/sport/celtic-pull-off-shock-as-dermot-desmond-funds-deal-to-take-robbie-keane-on-loan-from-spurs-1-788793http://www.thesun.co.uk/scotsol/homepage/sport/spl/2855014/This-is-galling.html?print=yesIt is also widely speculated that Juninho received an EBT while at the club. Was it declared to the SFA and SPL?Other high earning stars such as Thomas Graveson Craig Bellamy and Roy Keane earned sums far higher than most of their team mates.Did they have dual contracts? Why are the media not asking these questions?Of course, these questions relate directly to the day to day business and management of Celtic the club, but what of employees of Celtic?While Rangers have been in the depths of despair, the lack of sympathy from Celtic has been unsurprising, with some comment from Neil Lennon being uncalled for, but the depth of hatred and vindictiveness from their support has been on a scale even streetwise bears are taken aback by.With blogs set up purely to highlight Rangers finances, and other Celtic blogs spending most of their time on the subject of Rangers, the common theme is that tax avoidance is wrong, and that perpetrators should be punished in the strongest terms.Of course, as a tax payer myself I concur, except that I believe that all should be treated equally.Equally, it should be noted that self-employed website owners, fanzine business owners, T shirt salesmen, and non UK Citizens are probably not the best people to lecture on tax avoidance, unless it’s from their experience of how to get away with it, or how they were made bankrupt.So, while the agenda to punish Rangers has been apparently about morals, and about “doing the right thing”, those same hypocrites have completely ignored the direct questions to Celtic as a football club, and ignored the emerging news of Celtic Players and Directors participating in tax avoidance schemes.What, you ask? Celtic players and staff avoiding tax?Well it’s true.Last week the Daily Mail reported on one such tax scheme, with one of the few names mentioned being the Celtic Manager Neil Lennon, who invested in the scheme while a player at Celtic“Innovator One designed the plans so that if investors put in £20,000, they could get back £40,000 in tax relief immediately as a result of the partnerships they joined paying large sums for technology using loans from the bank.But the taxman decided that since the loan money went round in a circle, being put on deposit with the bank that had originally made the loan, investors were eligible only for relief on the sums they had actually contributed.”http://www.dailymail.co.uk/money/news/article-2153726/High-Court-rejects-100m-claim-tax-schemes-used-sportsmen.html#ixzz1wqMvnV3zFollowing recent moves by HMRC to tighten up loopholes on Tax avoidance schemes the Independent reported that one such scheme called Eclipse 35 was now illegal.http://www.independent.co.uk/news/business/news/exposed-the-hundreds-of-city-millionaires-in-film-tax-loophole-7676028.htmlThere are numerous other similar investment vehicles that do the same thing, with such schemes including “Inside Track 3 LLP”, and “Ingenious Film Partners 2 LLP”A number of Celtic players and employees were named on another Daily Mail article on tax avoidance in relation to these schemesDirector Searches on Lennon, Mjallby, Bellamy, Petta, Hartson and Sylla are interestingOther members of Inside Track 3 include Celtic Chief Executive Peter Lawwell and Celtic Financial Director Eric Rileyhttp://www.cdrex.com/peter-thomas-lawwell/598617.htmlhttp://company-director-check.co.uk/director/900009258The full board for this scheme is below.http://www.cdrex.com/inside-track-3-llp/board-2388241.htmlSo, at the time of joining, none of the people involved appear to have done anything illegal.Now, though, after the Eclipse 35 ruling, they will have to withdraw from these schemes.Now, given that the moral argument that the Celtic support has been made redundant, will the moral judges of Scottish Football apply some balance and pursue Celtic for answers on EBTs, and possible dual contracts?Will they then condemn the practices of senior Celtic staff and players for participating in tax avoidance schemes?If not, are they just hypocrites?What of the SFA and SPL boards, standing in judgement on Rangers, while board members Lawwell and Riley themselves utilise tax avoidance schemesWill said Directors resign from the respective boards in shame?Sauce: http://williampoole.wordpress.com/2012/06/04/celtic-employees-tax-avoidance/Sorry if already posted, couldn't find it before.I think you are peeing in the wind a bit. I've read something similar somewhere else - the individuals are Directors not Sellick the Club - mores the pity. Quinn spoke to Murray about the dangers of EBTs and it was Middlesborough who were paying it and they informed the Tax folk apparently. They've covered their bases unfortunately.As for the Keane thing - is there anything illegal in it? I doubt it.I've accepted what's happened at our club and feel the need to get on with it. Murray to me is to blame and pointing the finger at them won't make what's happened to us any better.If they've done anything they would have been caught by now???? Quote Link to post Share on other sites More sharing options...
BLUEDIGNITY 33,647 Posted September 9, 2012 Share Posted September 9, 2012 I can see you worked hard on this - but like the lazy shites who report on this, and as you correctly state, there is nothing wrong with EBTs - what the BYC is about is how we have administered the EBTs legally (and even that is a minefiled as HMRC are trying to use retrospective legislation).aslo I suspect (but no one knows until we see more) the SFA are not coming after us for EBT's but for secondry contracts (and again lazt to saythe are after us for using EBT's) As suchit mattersnot that others used EBTs they are not illegal - its how they were applied.This prick still here admin ? Volley this cunt intae touch ! Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted September 9, 2012 Share Posted September 9, 2012 I think you are peeing in the wind a bit. I've read something similar somewhere else - the individuals are Directors not Sellick the Club - mores the pity. Quinn spoke to Murray about the dangers of EBTs and it was Middlesborough who were paying it and they informed the Tax folk apparently. They've covered their bases unfortunately.As for the Keane thing - is there anything illegal in it? I doubt it.I've accepted what's happened at our club and feel the need to get on with it. Murray to me is to blame and pointing the finger at them won't make what's happened to us any better.If they've done anything they would have been caught by now????Im sure if you read the table, you will see that its all levels of the club, players, managers and Directors and although you are right to say its the individuals, the mere fact that so many of these schemes started at a time where all of these people were at Celtic would at least give rise for an investigation to see if the club invited tax experts to come and speak with all their employees. Speaking from vast experience in this space, i have worked in many companies who have done this.You say Quinn spoke to Murray. Do you have any evidence of this ?The Keane thing ?? Firstly can i say that Celtic have denied that Desmond paid for him and yes it would have been illegal. Worth an investigation though.Ive accepted as well though nothing as yet has been proven. If what we did was wrong and clearly wrong, then why has it taken a non footballing tribunal 9 months of evidence gathering and 8 months of deliberation to STILL not reach a conclusion. If it was clear cut, either way, we would have known.The last paragraph is mental because even we havent been "caught" yet to use your phrase. Quote Link to post Share on other sites More sharing options...
ForeverBlue_Since91 2,895 Posted September 9, 2012 Share Posted September 9, 2012 Rangers use of EBTs from 2001 to 2010 not only placed the club in great danger, but has allowed enemies of the club to moralise to all who will listen over “tax avoidance”Despite the EBT scheme being a perfectly legal one used widely in England, the interpretations of it in Scotland by tax sponging student bloggers, and lazy biased journalists have been uniformly inaccurate.Let’s be absolutely clear, the use of EBTs was legal, and could have been used by any other club in Scotland, and was in fact used by Celtic for one season.When former Bank Of England Chief Brian Quinn took over the reins as Chairman, he stopped the Celtic using the facility directly.That, however, does not ensure that both Celtic as a club and an employer can be completely excluded from questions on how payments are made to players and staff.Bear in mind that the amnesty period for the SPL’s request for full information on player remuneration, since the SPL began has passed.The questions over the remuneration for some players who have played for Celtic have largely not been asked, and those that have asked have met a wall of silenceAmong them is Robbie Keane. The deal for Celtic to take him on loan was widely reported as being fully funded not by Celtic, but by majority shareholder Dermot Desmondhttp://www.mirrorfoo...icle308999.htmlhttp://www.guardian....-loan-tottenhamhttp://www.scotsman....-spurs-1-788793http://www.thesun.co....html?print=yesIt is also widely speculated that Juninho received an EBT while at the club. Was it declared to the SFA and SPL?Other high earning stars such as Thomas Graveson Craig Bellamy and Roy Keane earned sums far higher than most of their team mates.Did they have dual contracts? Why are the media not asking these questions?Of course, these questions relate directly to the day to day business and management of Celtic the club, but what of employees of Celtic?While Rangers have been in the depths of despair, the lack of sympathy from Celtic has been unsurprising, with some comment from Neil Lennon being uncalled for, but the depth of hatred and vindictiveness from their support has been on a scale even streetwise bears are taken aback by.With blogs set up purely to highlight Rangers finances, and other Celtic blogs spending most of their time on the subject of Rangers, the common theme is that tax avoidance is wrong, and that perpetrators should be punished in the strongest terms.Of course, as a tax payer myself I concur, except that I believe that all should be treated equally.Equally, it should be noted that self-employed website owners, fanzine business owners, T shirt salesmen, and non UK Citizens are probably not the best people to lecture on tax avoidance, unless it’s from their experience of how to get away with it, or how they were made bankrupt.So, while the agenda to punish Rangers has been apparently about morals, and about “doing the right thing”, those same hypocrites have completely ignored the direct questions to Celtic as a football club, and ignored the emerging news of Celtic Players and Directors participating in tax avoidance schemes.What, you ask? Celtic players and staff avoiding tax?Well it’s true.Last week the Daily Mail reported on one such tax scheme, with one of the few names mentioned being the Celtic Manager Neil Lennon, who invested in the scheme while a player at Celtic“Innovator One designed the plans so that if investors put in £20,000, they could get back £40,000 in tax relief immediately as a result of the partnerships they joined paying large sums for technology using loans from the bank.But the taxman decided that since the loan money went round in a circle, being put on deposit with the bank that had originally made the loan, investors were eligible only for relief on the sums they had actually contributed.”http://www.dailymail...l#ixzz1wqMvnV3zFollowing recent moves by HMRC to tighten up loopholes on Tax avoidance schemes the Independent reported that one such scheme called Eclipse 35 was now illegal.http://www.independe...le-7676028.htmlThere are numerous other similar investment vehicles that do the same thing, with such schemes including “Inside Track 3 LLP”, and “Ingenious Film Partners 2 LLP”A number of Celtic players and employees were named on another Daily Mail article on tax avoidance in relation to these schemesDirector Searches on Lennon, Mjallby, Bellamy, Petta, Hartson and Sylla are interestingOther members of Inside Track 3 include Celtic Chief Executive Peter Lawwell and Celtic Financial Director Eric Rileyhttp://www.cdrex.com...ell/598617.htmlhttp://company-direc...ector/900009258The full board for this scheme is below.http://www.cdrex.com...rd-2388241.htmlSo, at the time of joining, none of the people involved appear to have done anything illegal.Now, though, after the Eclipse 35 ruling, they will have to withdraw from these schemes.Now, given that the moral argument that the Celtic support has been made redundant, will the moral judges of Scottish Football apply some balance and pursue Celtic for answers on EBTs, and possible dual contracts?Will they then condemn the practices of senior Celtic staff and players for participating in tax avoidance schemes?If not, are they just hypocrites?What of the SFA and SPL boards, standing in judgement on Rangers, while board members Lawwell and Riley themselves utilise tax avoidance schemesWill said Directors resign from the respective boards in shame?Sauce: http://williampoole....-tax-avoidance/Sorry if already posted, couldn't find it before.It has been posted but no harm in it being posted again. Never mind beast FC for a minute. Why have clubs in England not been "investigated" on this most English clubs use it. And Blackburn Rovers are supposed to be the one club that have used them for as long as we did. Quote Link to post Share on other sites More sharing options...
Dennis 1,011 Posted September 9, 2012 Share Posted September 9, 2012 It has been posted but no harm in it being posted again. Never mind beast FC for a minute. Why have clubs in England not been "investigated" on this most English clubs use it. And Blackburn Rovers are supposed to be the one club that have used them for as long as we did.Probably because its not illegal. Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted September 9, 2012 Share Posted September 9, 2012 Probably because its not illegal. Its more likely that they are being investigated but its just not been broken as there isnt the same amount of shit digging desperados down south who care enough, or have the time because they are unemployable, to find out about it. Quote Link to post Share on other sites More sharing options...
Senna 735 Posted September 9, 2012 Share Posted September 9, 2012 BD? Quote Link to post Share on other sites More sharing options...
54andcounting 627 Posted September 9, 2012 Share Posted September 9, 2012 I think you are peeing in the wind a bit. I've read something similar somewhere else - the individuals are Directors not Sellick the Club - mores the pity. Quinn spoke to Murray about the dangers of EBTs and it was Middlesborough who were paying it and they informed the Tax folk apparently. They've covered their bases unfortunately.As for the Keane thing - is there anything illegal in it? I doubt it.I've accepted what's happened at our club and feel the need to get on with it. Murray to me is to blame and pointing the finger at them won't make what's happened to us any better.If they've done anything they would have been caught by now???? Quote Link to post Share on other sites More sharing options...
ForeverBlue_Since91 2,895 Posted September 9, 2012 Share Posted September 9, 2012 I think you are peeing in the wind a bit. I've read something similar somewhere else - the individuals are Directors not Sellick the Club - mores the pity. Quinn spoke to Murray about the dangers of EBTs and it was Middlesborough who were paying it and they informed the Tax folk apparently. They've covered their bases unfortunately.As for the Keane thing - is there anything illegal in it? I doubt it.I've accepted what's happened at our club and feel the need to get on with it. Murray to me is to blame and pointing the finger at them won't make what's happened to us any better.If they've done anything they would have been caught by now????So Everyone involved at Celtic is involved in tax avoidance and you don't think they've done anything wrong? And when Did Quinn speak to Murray about this? Why would Quinn want to warn Rangers about the "Dangers" of EBTS anyway?David Murray already knew about the risks. But you don't become a millionaire by worrying about risks thats why he carried on with it. Quote Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted September 9, 2012 Share Posted September 9, 2012 Again, you have taken the negitive, unless of course you have simply misunderstood ?????The point is that Rangers have been called cheats for using EBT as a tax perk and yet no-one is making issue of others taking tax breaks. The central theme of the article was not about the comparatives of Rangers EBT use and others use of tax schemes with respect to guilt, it was about the inequality within scottish football regarding the moral stance taken over tax schemes and the media electing to and pursuing of issues in a bias manner.you are making the same mistake as all the reporters about this case! I am sorry but if you re read my post you will see that the BTC and the S F A case(likely) hase got fk all to do with having an EBT scheme and everything about administration of the scheme or dual contracts! if you fail to see what the issue is - then you will go down the road of thinking others are getting away with some thing.also for what it's worth I think the BTC will bevfiund in our favour and that the SFA will not be able to prove dual contracts! Quote Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted September 9, 2012 Share Posted September 9, 2012 This prick still here admin ? Volley this cunt intae touch ! you just can't stand it when I talk sense ! Quote Link to post Share on other sites More sharing options...
BLUEDIGNITY 33,647 Posted September 9, 2012 Share Posted September 9, 2012 you just can't stand it when I talk sense ! Oh that's what it is, here was me thinking it was because you are a deluded irritant cunt ! Quote Link to post Share on other sites More sharing options...
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