Newcastle United (and West Ham) under investigation over transfers

[Creaky]

BBC 5 Live have just said the ammount is in the region of £5 Million of unpaid tax & NI.
That seems a very very small sum to throw 180 officers at.
I can only presume they are nailed on guilty and it is an easy job. Maybe they should open a coffee shop!

Enough to cover all 180's salaries for the next six months

 

[Thunder Bolt]

[tweet]857293485170454528[/tweet]

4 arrested in France

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[Weststander]

Don't think he is. More you've swallowed the "it's more complicated than that" ruse spun decade after decade by the ruling elite; the very clever accountants who set up governements complex tax rules and then sell their services to the very rich and powerful afterwards regarding how to avoid paying them! In a word: Farce.

Still our balance of payments will be sorted by this latest action. Getting Newcastle and West Ham to pay some more money will sort the NHS out.

Your knowledge of the tax system is? Newspaper articles online?

His point was that HMRC staff would be better engaged in chasing the Amazon's for tax rather than NU/ West Ham.

The laws are there for employment taxes, and relatively easy to enforce.

Well intentioned governments all over the world, socialist and otherwise, have been unable to crack the avoidance by Starbucks & co. How possibly could HMRC staff tackle that, if governments can't?

 

[Dorset Seagull]

Your confusing two totally different matters:

HMRC are enforcing black and white laws set down by the the courts, tribunals and parliament. Simply doing their job and quite rightly. There's also a deterrent factor in that most clubs, agents and players will want to stay the right side of tax law. The football industry is now multi £B so the tax sums could be huge if left to its own devices.

Amazon, Starbucks & co are exploiting their multi national status, legally. Most people would think it obscene that they pay very little tax on profits (Corporation Tax in the U.K.). It will need all the leading economies and tax havens to work together to crack this. Unfortunately countries such as the Republic of Ireland and Luxembourg won't truly cooperate, as those companies base themselves there paying a low % in CT but employing a lot of people paying a relatively high amount in taxes for their smaller economies. It's beyond HMRC's control until governments work together.

Surely the Amazon, Starbucks thing is more about the gains from having them in the country. Whilst they may legitimately pay less corporation tax HMRC benefit hugely from the tax paid by the employment they create. Better to have thousands of employees contributing to the coffers with tax and not raiding the funds through benefits. I assume it works out as a bit of a win/win so we accept that they can exploit the system while we get tax revenues from the employment.

 

[Weststander]

Surely the Amazon, Starbucks thing is more about the gains from having them in the country. Whilst they may legitimately pay less corporation tax HMRC benefit hugely from the tax paid by the employment they create. Better to have thousands of employees contributing to the coffers with tax and not raiding the funds through benefits. I assume it works out as a bit of a win/win so we accept that they can exploit the system while we get tax revenues from the employment.

True, and Ireland / Luxembourg love this.

But isn't it immoral and commercially unjust that UK based coffee chains and one-offs pay a full 20% of profits in CT, whereas Starbucks pay 0%. Likewise Amazon over similar traders in the U.K.

 

[Wrong-Direction]

This is all political , conservatives trying to look like they're cracking down on major tax avoidance just before an election.

Sent from my SM-A310F using Tapatalk

 

[Weststander]

Enough to cover all 180's salaries for the next six months

Perhaps 180 there across Europe just for the raids to prevent people and documents going walkabouts?

 

[Weststander]

This is all political , conservatives trying to look like they're cracking down on major tax avoidance just before an election.

Sent from my SM-A310F using Tapatalk

 

[Dorset Seagull]

True, and Ireland / Luxembourg love this.

But isn't it immoral and commercially unjust that UK based coffee chains and one-offs pay a full 20% of profits in CT, whereas Starbucks pay 0%. Likewise Amazon over similar traders in the U.K.

I am no economist but consider this. We often hear about the poor old working class chap who despises the Amazons etc making huge profits. Now as far as I know there is not a Mr Amazon or a Mr Starbucks as they are all owned by the shareholders. The main shareholders in companies like that tend to be the pension funds. The pension funds buy these shares to get a return on the money invested by employees in various companies into their pension funds so they can have an income during their retirement.

These employees are actually the working class chaps who despise these large corporations so are moaning about companies that they effectively own themselves.

I grant you that my grasp of economics is probably at fault here but this makes complete sense to me!

 

[crasher]

No way, there's just no way our friends up the road can get dragged into this...



...can they?

Very unlikely. It's not as though all three clubs have been managed by the same man in recent years is it?

Oh.

 

[The Antikythera Mechanism]

Another thread hijacked by the liberal lefties crawling out from under their stones for a last gasp bit of Tory bashing. Bless

 

[Dick Head]

Another thread hijacked by the liberal lefties crawling out from under their stones for a last gasp bit of Tory bashing. Bless

 

[Gwylan]

I am no economist but consider this. We often hear about the poor old working class chap who despises the Amazons etc making huge profits.

Amazon doesn't make huge profits, it has a very low margins considering the size of its turnover.

There's no Mr Amazon but Jeff Bezos (who owns about 20% of the stock) is worth about $ 72 billion, catching up with Bill Gates' position as the richest man in the world

 

[Deleted member 2719]

...

 

[El Presidente]

I heard a bloke on the radio say that HMRC are willing to accept about 15% of top players income can be treated as image rights, as sponsors want to be associated with the likes of Hazard, Pogba, Kane etc., but HMRC take a harder line if dealing with a full back from a small club such as Crystal Palace.

 

[Dorset Seagull]

Amazon doesn't make huge profits, it has a very low margins considering the size of its turnover.

There's no Mr Amazon but Jeff Bezos (who owns about 20% of the stock) is worth about $ 72 billion, catching up with Bill Gates' position as the richest man in the world

Who owns the other 80%.

 

[The Antikythera Mechanism]

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Another picture of the pair of fat slices. Thank you

 

[portlock seagull]

Your knowledge of the tax system is? Newspaper articles online?

His point was that HMRC staff would be better engaged in chasing the Amazon's for tax rather than NU/ West Ham.

The laws are there for employment taxes, and relatively easy to enforce.

Well intentioned governments all over the world, socialist and otherwise, have been unable to crack the avoidance by Starbucks & co. How possibly could HMRC staff tackle that, if governments can't?

Don't governments and hmrc have a relationship? Could George Osbourne have negotiated better? Should we just give up? Only tax poor people and poorer businesses like shop keepers because they haven't accumulated so much wealth they can withhold their fair contribution? Are they really not going to pay the same countries that they seek educated employees from, stability, monetary and politically? Without these they're screwed so maybe, just maybe, a bit more balls and unison from a more socially decent less selfish elite governing class could solve this or at least at least do better? Or is it fair that the top 100 wealthest companies in the U.K. pay zero corporation tax? Whilst everyone els out there, including all the self employed, are screwed year after year? You are aware that benefits fraud is about 1/25th of tax avoidance scams, sorry, schemes. Yet all our resources and headlines are focused primarily on...yes, you got it! So, sorry, I refuse to believe we cannot get monies owed from these global giants who depend on our stable demoncracy to make their obscene profits in the first place. Where there's a will, there's a way. We just haven't elected a government to date that's had the guts to fight it out yet. But it will happen. It has to eventually. Civil unrest will ensue as public services break down in the absence of fair taxation and then they'll have to pay.

 

[sparkie]

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Sontaran FC.

 

[symyjym]

A bit embarrassing for West Ham after being given trust to occupy our National Stadium to then screw the tax payer who gave them the opportunity.