KPMG-SPL Auditors

[Itsablueworld 42]

Known as 'one of the big four' KPMG are known for their 'creative' tax avoidance schemes which have been openly criticised in the House of Commons.

"You all choose to focus on

working in an area which

reduces the available resources

for us to build schools,

hospitals, infrastructure," said

Chairwoman Margaret Hodge, an MP with the opposition

Labour party. She said accounting firms

which give advice that put

tax payers at a disadvantage

should be barred from

government contracts.

So it seems the SPL choose a company that is known for it's ability to minimise tax liablity in a perfectly legal but morally dubious way.

So where is the media outrage?

Where is the outrage that was directed at Rangers for doing the same thing?

We were told about how we had 'cheated' the tax-payers out of schools,a library,hospitals etc etc.

The obvious fact that every company seeks to minimise its tax contributions never occurred to Scottish sports reporters.

So will we see reporters asking why the SPL are trying to deny our country money for schools,libraries,hospitals etc by trying to pay as little tax as possible?

Fuck no!

Its only The Rangers that do that of course.

The moral outrage by the SPL members and their chairmen is totally undermined by their own tax avoidance and use of KPMG.

m.moneymarketing.co.uk/1065246.article?mobilesite=enabled

m.guardian.co.uk/commentisfree/2013/feb/01/accountancy-big-four-laugh-tax-office

www.dailymail.co.uk/news/article-2271633/Were-proud-help-firms-make-billions-avoiding-tax-accountants-tell-MPs.html

[don logan 8,062]

To avoid tax you've got to make money that can be taxed in the first place.

[Itsablueworld 42]

such as Starbucks saying they have never made a profit in the UK.

It used to be called 'creative accounting'.

You seem to be missing the main point,that our club was specifically targeted for a relatively small amount.

The moral indignation about schools etc was shocking to read in newspapers.

[Itsablueworld 42]

To avoid tax you've got to make money that can be taxed in the first place.

I assume you're joking or on the wind-up

[don logan 8,062]

I assume you're joking or on the wind-up

From what I've been led to believe the SPL aren't exactly awash with poppy. KPMG can only minimise tax payments when there is actually (Corporation) tax to pay.

[Turbo 5]

Every professional services firm have tax consultancy departments who try to help companies avoid tax. They've all been criticised at some point. Any audit work and tax consultancy stuff are done completely seperately anyway. You seem to be going well out your way to have a pop at the SPL.

The media and MPs preaching morals in the middle of the Leveson enquiry and after the expenses scandal was pretty shocking though.

[Itsablueworld 42]

Not sure if you're at the wind-up or not mate.

The reduction of tax liability was never a problem in Scotland or England until Rangers went into admin.

All of a sudden it became an argument about 'morality'.

(PSG just equalised 2-2 :-))

The point of my post was this odd 'tax morality' that only seems to apply to Rangers.

Everyone and his dog seems to have an iphone or iproduct yet apple are allowed to operate a tax system that robs this county of billions in tax revenue.

Why is it not stopped?

Because when a company is allowed to grow too large and hence employ a large amount of people,plus 'linked product sales and third party products,the goverment finds themselves pretty much fucked when it comes to taxes

In laymans terms its 'let us trade at our own terms and at a tax rate we decide or we will pull out of the UK .

To date no goverment has had the balls to call their bluff,so they continue to get away with the most ridiculous tax avoidance imaginable.

E.G. Apple stores are not 'points of sale' but 'delivery points'.All sales go to Ireland then conformation is sent back to 'deliver' the item to the customer,who is standing in the shop.

It all takes seconds and no different from a normal transaction expect you have helped apple avoid tax in the UK.

[Creampuff 22,628]

Don't hate the player, hate the game.

KPMG didn't create the loopholes.

[Edmiston Drive 3,846]

Don't hate the player, hate the game.

KPMG didn't create the loopholes.

Spot on and with every budhet the Govt bring out loopholes are there waiting to be uncovered...............they do this all the time....EBTS and various schemes came round sanctioned and when the bog tax firms got their people t look into them they found ways around...............looked at schemes got them ratified and told their clients about them........the big Assurance companies have been doing this for decades.

It's only when HMRC cotton on to the amount of money that they are losing then they set about changing and try to claw back tax.

[Turbo 5]

Spot on and with every budhet the Govt bring out loopholes are there waiting to be uncovered...............they do this all the time....EBTS and various schemes came round sanctioned and when the bog tax firms got their people t look into them they found ways around...............looked at schemes got them ratified and told their clients about them........the big Assurance companies have been doing this for decades.

It's only when HMRC cotton on to the amount of money that they are losing then they set about changing and try to claw back tax.

Spot on mate.

Hmrc are unbelievably under resourced. They can't compete with tax advisory firms and can only really act retrospectively. It all comes down to interpretation and the arguments get quite petty. If the government was truly annoyed by tax avoidance they could make the legislation very strict. It's only the really aggressive/ popular ones they pursue. That's part of the reason why we got chased with the BTC.

[Itsablueworld 42]

maybe I should have entitled this thread differently because it seems all are missing the main point.

So i'll repeat Rangers were found to have done nothing wrong re tax,and the investigation was carried out on behalf of a company (SPL) that itself employs one of the 'big four' tax avoidance companies.

So spelling it out for those who see no fucking IRONY in the SPL investigating a club for reducing its tax liability whilst they are employing one of the 'big four' tax scheme avoidance specialists is a bit rich.

As a Rangers supporter i've had to listen to the 'morality' arguement after the BTC result.

Not guitly but what about that library that was closed and the hospital and what about the troups in Iraq?

Ducking aunts were crawling out the woodwork to blame us for everything from illiterate kids to dead soldiers.

If you cant see the blinding hypocrisy of the Lawwell led SPL employing a specialist tax-avoidance company,openly criticized in the House of Commons.

There is also an odd connection to Rangers in Margaret Hodges' attack on these companies.

Her statement in regards of these companies costing the tax-payer schools,hospitals,equipment for soldiers,seems to have been copied almost directly in respect of Rangers insolvancy.

Of course no mp/Lord would would think "i could use that argument against a football club".

Not unless you are an IRA supporting,small baldy,lying bastard.

[Turbo 5]

maybe I should have entitled this thread differently because it seems all are missing the main point.

So i'll repeat Rangers were found to have done nothing wrong re tax,and the investigation was carried out on behalf of a company (SPL) that itself employs one of the 'big four' tax avoidance companies.

So spelling it out for those who see no fucking IRONY in the SPL investigating a club for reducing its tax liability whilst they are employing one of the 'big four' tax scheme avoidance specialists is a bit rich.

As a Rangers supporter i've had to listen to the 'morality' arguement after the BTC result.

Not guitly but what about that library that was closed and the hospital and what about the troups in Iraq?

Ducking aunts were crawling out the woodwork to blame us for everything from illiterate kids to dead soldiers.

If you cant see the blinding hypocrisy of the Lawwell led SPL employing a specialist tax-avoidance company,openly criticized in the House of Commons.

There is also an odd connection to Rangers in Margaret Hodges' attack on these companies.

Her statement in regards of these companies costing the tax-payer schools,hospitals,equipment for soldiers,seems to have been copied almost directly in respect of Rangers insolvancy.

Of course no mp/Lord would would think "i could use that argument against a football club".

Not unless you are an IRA supporting,small baldy,lying bastard.

No company can employ a large professional services firm who haven't been criticised at some point recently for tax avoidance. It's for the audit anyway. Doesn't mean they do any tax work.

People who were giving the morality talk re the BTC were either on the wind up or were journalists. It's a sad day when anyone takes a morality lesson from a journo.

The government attacking Starbucks and the like was to save face. If the government really cared then they'd change the tax law.