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They CAN'T Punish us as a Newco


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Guest carter001
We need to sort this out. We did NOT have £100m debt wiped out. We did not gain a sporting advantage from not paying £100m of debt. If our own fans are falling for this stuff no wonder the other fans are gunning for us.

 

We didn't pay tax due to a tax avoidance scheme to the tune of about £23m, the rest is due to HMRC coming after us retrospectively.

 

Tax avoidance is not a crime and our club were advised it was legal and it was never hidden.

 

I heard three external contractors here talking about their accounting and they are doing a ton of tax avoidance - one uses his company to "pay himself" just three grand a year of PAYE wage and that's pretty normal.

 

Tax avoidance is rife and I would be shocked if there was one club who hadn't dabbled in it.

 

If we're to be so severely punished then so do the rest of the league to some extent.

 

Not to some extent - Exactly the same. The value is irrelevant, the penalties are for the crime. Sellic had an EBT and paid the money back but, it doesn't matter. The crime is that they, and us, did not declare the additional payments to players. This is the rule breach, not to what extent it was done.

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Whether you like it or not, it's the State which makes the rules regarding taxable contributions and if they change the rules - go after people retrospectively - then that's that, subject only to some kind of judicial review. But the judiciary usually sides with the executive.

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Whether you like it or not, it's the State which makes the rules regarding taxable contributions and if they change the rules - go after people retrospectively - then that's that, subject only to some kind of judicial review. But the judiciary usually sides with the executive.

 

That may be true but it doesn't make it right. It also doesn't excuse the hypocritical and venomous witch-hunt by the overly outraged mob.

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