spudski Posted November 4, 2013 Report Share Posted November 4, 2013 Quote... Worryingly for British tax-payers and HMRC, we may see more clubs and other well-paid sports stars trying to avoid paying tax via Guernsey's new Image Rights set-up. Wages are the biggest single drain on club finances and in the drive to balance their books in a post FFP world, we might see others go down this route. Indeed, the Tax advantages are potentially so large for club and employee, that, in future, players and managers may be happy to reduce their nominal salary level in return for a the club paying into their tax-free off-shore Guernsey company. Here's the article... http://www.financialfairplay.co.uk/ Link to comment Share on other sites More sharing options...
Monkeh Posted November 4, 2013 Report Share Posted November 4, 2013 Quote... Worryingly for British tax-payers and HMRC, we may see more clubs and other well-paid sports stars trying to avoid paying tax via Guernsey's new Image Rights set-up. Wages are the biggest single drain on club finances and in the drive to balance their books in a post FFP world, we might see others go down this route. Indeed, the Tax advantages are potentially so large for club and employee, that, in future, players and managers may be happy to reduce their nominal salary level in return for a the club paying into their tax-free off-shore Guernsey company. Here's the article... http://www.financialfairplay.co.uk/ that already happens now and has done for quite a while, its what got rangers in to truble (partly), its a loophole that will get closed Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.