WCPRANGERS1 2,997 Posted November 22, 2012 Share Posted November 22, 2012 http://www.heraldscotland.com/news/home-news/murray-rangers-collapse-should-not-have-happened.19483909On my iPhone so can't copy and paste full article, if anyone else can then please do. Quote Link to post Share on other sites More sharing options...
Govan Front 78 43 Posted November 22, 2012 Share Posted November 22, 2012 Just posted it a minute after you, shouldn't have made myself that cup of coffee first Quote Link to post Share on other sites More sharing options...
Mikhailichenko 90 Posted November 22, 2012 Share Posted November 22, 2012 Someone copy & paste please. I'm not giving them the hit. Quote Link to post Share on other sites More sharing options...
WCPRANGERS1 2,997 Posted November 22, 2012 Author Share Posted November 22, 2012 Just posted it a minute after you, shouldn't have made myself that cup of coffee first At least you pasted it........ Quote Link to post Share on other sites More sharing options...
rabbie1980 36 Posted November 22, 2012 Share Posted November 22, 2012 Breaking his silence over the tax tribunal ruling which cleared the oldco Rangers of making £47.6 million of illegal payments to employees, Sir David told The Herald: "Nobody has won, there is no point in me waving a big flag and saying we have won – Rangers has been destroyed."The former chairman, who sold Rangers to Craig Whyte for £1 in May last year, said the handling of the case by HM Revenue & Customs (HMRC) had not only killed Rangers but had raised serious questions about the publicity surrounding the case."There is going to be a lot of litigation now because the leakage on this is frightening," Sir David said, adding that his Murray International Holdings (MIH) group had copies of emails which demonstrated the leaking of confidential details.MIH has instructed its lawyers to review reports of the case in printed media and on the internet. It said: "While MIH has at all times respected the privacy of the tax tribunal proceedings, a substantial quantity of confidential information relating to the case has become available for public consumption, stimulating considerable discussion and often ill-informed debate. This has been wholly inappropriate and outwith the fundamental principles of natural justice."Sir David was alleged to have been the biggest beneficiary of the Employee Benefit Trusts (EBTs) set up by Rangers. He received £6.3m of tax-free income over nine years, an award-winning BBC Scotland documentary claimed.Sir David said: "What I find amazing is we were guilty until proven innocent. This is the only case in history where awards were given to TV programmes when there hasn't even been a result. But I need to stand back at the moment, this is not a time for triumphalism because nobody has won, the taxpayer hasn't won and Rangers hasn't won. This should never have happened."Sir David confirmed MIH had offered HMRC an out-of-court settlement two years ago worth more than £10m. He said: "The amount of time, effort and fees could be seven to eight million quid on top of that. Clearly if that had happened we would not have ended up with Craig Whyte."The biggest question is why the Revenue knew in August 2011 that Craig Whyte wasn't paying national insurance and tax but didn't put him down – this has so many ramifications for business."The EBTs were awarded to players as a top-up to their salaries but the HMRC tribunal ruled the payments did not break tax law as they were made in the form of a loan.Speculation has been mounting that HMRC could now pursue individual players and club figures for payback. Mark Houston, a partner at Johnston Carmichael Chartered Accountants and Business Advisers in Edinburgh, said HMRC would have no remit to do so – unless it successfully appealed the tribunal decision.Mr Houston said: "The tribunal has ruled that Rangers is not liable for tax on the payments made under EBT on the basis that the payments were loans and not earnings. That effectively closes the door on HMRC being able to go after players."BDO, the liquidators of Rangers oldco, which is officially known as RFC 2012 Plc, could have the power to pursue the unpaid loans given it was club cash that financed the trust. A spokesman said: "The Joint Interim Liquidators are reviewing the tribunal's decision closely so as to determine the impact on the liquidation of RFC 2012 Plc".Charles Green, Rangers chief executive , said the tribunal decision undermined the validity of the SPL's own independent commission into the use of EBTs. It will go ahead early next year with a number of EBT issues over and above those heard by the HMRC tribunal to be examined. If the commission finds the club broke SPL rules on staff payments, Rangers could be stripped of a number of SPL and Scottish Cup titles.Mark Dingwall, spokesman for Rangers Supporters' Trust, said: "The biggest thing is it [the HMRC ruling] blows the SPL's attempts to strip titles from Rangers out of the water. The SPL tribunal should be disbanded immediately."HMRC said it was considering its next course of action.Meanwhile, Hearts accused the HMRC and other individuals or groups of hampering the club's battle for survival as the club's share issue reached £600,000 in under a month, one-third of the way to its £1.79m target. Quote Link to post Share on other sites More sharing options...
markem 7,238 Posted November 22, 2012 Share Posted November 22, 2012 Rangers Killed?Don't fucking think so. Quote Link to post Share on other sites More sharing options...
bluedart1952 1,340 Posted November 22, 2012 Share Posted November 22, 2012 This has got to be pursued through every avenue open to us as to why we were corruptly brought to liquidation and nearly killed off as club. We also need to find out all the people involved in our destruction and not just Murray and whytes part in all of this. ie. loydstsb, hmrc,mcleod-harper, sceptic, spl/sfa. A few months ago somebody put some form of graph on here showing that there is a connection between all these groups I have mentioned,I would also wish that somebody with a bit more knowledge than me will have a go at Salmond as to why the Scottish government stood back and took no action to help us when we as a business needed it. :mad: Quote Link to post Share on other sites More sharing options...
cushynumber 25,178 Posted November 22, 2012 Share Posted November 22, 2012 This has got to be pursued through every avenue open to us as to why we were corruptly brought to liquidation and nearly killed off as club. We also need to find out all the people involved in our destruction and not just Murray and whytes part in all of this. ie. loydstsb, hmrc,mcleod-harper, sceptic, spl/sfa. A few months ago somebody put some form of graph on here showing that there is a connection between all these groups I have mentioned,I would also wish that somebody with a bit more knowledge than me will have a go at Salmond as to why the Scottish government stood back and took no action to help us when we as a business needed it. :mad:Has salmond actually said one thing about this result? makes you wonder - the loud mouth cunt talks about wind farms but cant comment on a situation that affected the whole of Scottish football? Quote Link to post Share on other sites More sharing options...
Bluenose1986 703 Posted November 22, 2012 Share Posted November 22, 2012 I just can't shake the feeling that dr death had something do with this as this all really (in my opinion) started to come to the fire during his chairmanship of the beasts from the east. Quote Link to post Share on other sites More sharing options...
Blue Nosed Babe 20,355 Posted November 22, 2012 Share Posted November 22, 2012 Salmond is a Hearts fan and was probably glad to see us suffer when we were suffering.It is good to see that SDM has the lawyers on the case already!I would expect nothing less. Quote Link to post Share on other sites More sharing options...
SpidermansGaffer 2,552 Posted November 22, 2012 Share Posted November 22, 2012 I just can't shake the feeling that dr death had something do with this as this all really (in my opinion) started to come to the fire during his chairmanship of the beasts from the east.Totally agree mate, he's the only one that could have influenced HMRC in their relentless hunt of Rangers. Quote Link to post Share on other sites More sharing options...
Thermopylae 15,286 Posted November 22, 2012 Share Posted November 22, 2012 I wish they would stop saying Rangers has been destroyed when it's patently not true. I realise he's trying to make it sound as dramatic as possible but just stick to the facts david Quote Link to post Share on other sites More sharing options...
Blumhoilann 6,712 Posted November 22, 2012 Share Posted November 22, 2012 'EBTs were awarded to players as a top up of their salaries' WTF,load of pish,they were loans.Is the Herald now trying to make a case for the SPHell to strip titles,Bassas Quote Link to post Share on other sites More sharing options...
nachothelegend 1,932 Posted November 23, 2012 Share Posted November 23, 2012 I wish they would stop saying Rangers has been destroyed when it's patently not true. I realise he's trying to make it sound as dramatic as possible but just stick to the facts davidDont think he means the Football club, he is obviousely talking about the Business side . Quote Link to post Share on other sites More sharing options...
knowledge 21 Posted November 23, 2012 Share Posted November 23, 2012 Has salmond actually said one thing about this result? makes you wonder - the loud mouth cunt talks about wind farms but cant comment on a situation that affected the whole of Scottish football?Has the credibility of Salmond not just suffered a bit of a blow? Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.