ian1964 10,447 Posted July 27, 2012 Share Posted July 27, 2012 THIS is the man who will be taking the decision on the Rangers Big Tax case. Scots barrister Kenneth Mure QC is chairing the three-person tribunal on the £50million offshore tax avoidance schemes which helped drag Rangers into financial disaster. The schemes â?? known as Employee Benefit Trusts â?? were run by the club between 2001 and 2010 during Sir David Murrayâ??s ownership. Rangers set up the foreign trusts for 87 players and staff â?? then paid cash into them in addition to their regular wages, which meant UK tax was avoided on the extra money. Ex-skipper Barry Ferguson pocketed £2.49million tax- free. Former manager Alex McLeish got £1.7million and German keeper Stefan Klos was given £2million. Ex-chairman Murray himself got £6.3million via an EBT, although he says the money came via Murray International Holdings, not the club. The Inland Revenue believe the Rangers EBT payments were against the law, a claim Rangers disputed at every stage of the tribunal. A possible multi-million pound fine over the EBTs was one of the reasons Bank of Scotland pressured Murray into selling the club for £1 to Craig Whyte last year. Mure is presiding over the tax tribunal with accountancy experts Dr Heidi Poon and Scott Rae. But last night, Her Majestyâ??s Courts and Tribunals Service said there is no set date for when the decision will be known. The result was originally expected around Easter, after Rangers went into administration but before the club were liquidated. But a courts service spokeswoman said last night: â??There has never been a set time for a decision. â??All the evidence has been heard and it is now a matter of the ruling being issued.â? The spokeswoman would not say when the evidence part of the procedure had begun, how many days it had lasted, or who gave evidence. The determination issued by the tribunal, with Mure as judge, will address what measures could be taken by HMRC against Rangers now the club have ceased to exist in their old form. But even if the tribunal rules against Rangers, there is little the taxman can do to retrieve any fine imposed. Financial expert Neil Patey, a partner in accountancy giants Ernst and Young, said: â??HMRC will have no claim on the newco. The newco bought the assets of the oldco, not its corporate history. â??In essence, a victory for HMRC will mean it will get a significantly bigger proportion of the £1million or so available from the £5.5million put in by Charles Greenâ??s consortium. This will obviously mean other creditors get significantly less.â? http://www.dailyrecord.co.uk/news/scottish-news/2012/07/27/kenneth-mure-qc-named-as-man-tasked-with-ruling-on-rangers-big-tax-case-86908-23913367/ 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,354 Posted July 27, 2012 Share Posted July 27, 2012 Kenneth Nisbet Mure who attended Glasgow High School in the late 50s/early 60s. Surely he's one of us? 0 Quote Link to post Share on other sites More sharing options...
bluebear54 0 Posted July 27, 2012 Share Posted July 27, 2012 Kenneth Nisbet Mure who attended Glasgow High School in the late 50s/early 60s. Surely he's one of us? If he is, it won't be long before TGWITW hound him out. 0 Quote Link to post Share on other sites More sharing options...
coolk 0 Posted July 27, 2012 Share Posted July 27, 2012 The names were released earlier this week by alex thomson on twitter. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,447 Posted July 27, 2012 Author Share Posted July 27, 2012 The names were released earlier this week by alex thomson on twitter. Which makes you wonder why this was released today ?........................ 0 Quote Link to post Share on other sites More sharing options...
coolk 0 Posted July 27, 2012 Share Posted July 27, 2012 Which makes you wonder why this was released today ?........................ True, just a rehash of his blog. 0 Quote Link to post Share on other sites More sharing options...
Jim1955 12 Posted July 27, 2012 Share Posted July 27, 2012 Still smacks of the Star Chamber. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,283 Posted July 27, 2012 Share Posted July 27, 2012 If he is, it won't be long before TGWITW hound him out. And hopefully he tells them to FO. Wouldn't be surprised if some mhedia hack will dig something strange out about him to dampen our spirits after we get our license, history and all. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,299 Posted July 27, 2012 Share Posted July 27, 2012 Nothing to do with us now since we're newco...... 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted July 27, 2012 Share Posted July 27, 2012 Damage has been done anyway. 0 Quote Link to post Share on other sites More sharing options...
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