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PauloBarnesi

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16 hours ago, Genie said:

Aren’t they worth hundreds of million plus? Why risk breaking the law to avoid a relatively small sum of money.

Why do many wealthy people shove their assets into offshore accounts under odd company names etc just to save on some tax?

It's because they're all greedy ****.

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3 minutes ago, bobzy said:

Why do many wealthy people shove their assets into offshore accounts under odd company names etc just to save on some tax?

It's because they're all greedy ****.

Like these guys.

Quote

Sir Alex ­Ferguson and Glenn Hoddle are facing multi-million pound bills after investing in a failed tax avoidance scheme.

The football legends are among scores of stars facing massive demands after losing a final tribunal in a long-running and bitter legal dispute with the taxman.

HM Revenue and Customs is demanding members of the scheme pay up to 20 times more than they put in – potentially bankrupting some.

A £200,000 investment could result in a tax bill as high as £4million.

Ex-England boss Hoddle, 60, and former Man United manager Ferguson, 76, are among 780 investors – including bankers, celebrities and businessmen – who put £2.2billion into Eclipse schemes.

Ex-England boss Hoddle, 60, and other investors are being pursued by HMRC over the scheme (Image: Getty Images Europe)

 

Wayne Rooney 'furious as he's hit with £5m tax bill after investing in film finance scheme'

They were set up to exploit film industry tax breaks and involved buying up distribution rights to movies before leasing them back to studios.

Much of the investment involved taking out large loans, so members asked for tax relief on the interest payments in a bid to reduce liabilities on other income.

But HMRC argued successfully that it was a means of tax avoidance.

A letter to members, seen by the Daily Mirror, states: “HMRC considers that none of the interest relief you have claimed is allowable, but your share of partnership profits is still taxable.”

Other investors from the football world include ex-England manager Sven Goran Eriksson and former players Nolberto Solano, Stan ­Lazaridis, Gordon Durie and Barry Ferguson.

Ex-England manager Sven Goran Eriksson is among a host of sports stars told their investment is taxable 

https://www.mirror.co.uk/sport/football/news/alex-ferguson-glenn-hoddle-tax-12256095

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So apparently it’s in their contract that the taxpayer pick up the security bill at the stadium. Their game against Southampton will cost the taxpayer £60,000 due to extra precautions, this contract needs ripping up it **** stinks.

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1 hour ago, penguin said:

So apparently it’s in their contract that the taxpayer pick up the security bill at the stadium. Their game against Southampton will cost the taxpayer £60,000 due to extra precautions, this contract needs ripping up it **** stinks.

rocket polishers this is a complete farce and every person in the country should be protesting at this.

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Like the other Bobby Moore day, it was all about "deals" on replica shirts in the club shop as opposed to actually honouring the man.  It's probably one of the things which continues to piss their fans off. 

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On 27/03/2018 at 12:04, bobzy said:

Why do many wealthy people shove their assets into offshore accounts under odd company names etc just to save on some tax?

It's because they're all greedy ****.

It does my nut when people moan about their tax bills.  You pay that much tax because your earning the kind of money most people only dream of. 

If you don't like it take a pay cut down to something that only pays 20% tax and you should be delighted with life. 

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