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Rangers are Rocking; Scottys Financial insight inside.


Speirs  

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  1. 1. Was Speirs talking the truth or lying

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All the arguments about RFC cheating the league and stealing titles using financial doping were all shelved when RFC 'won'. Well now justice has finally been done and they have rightfully lost. So all those previous arguments are back on, big time.

No need to go that far. Just add an * next to their name on all the trophies won for the offending spell and a footnote down the bottom

*Cheated

Your digit must be red raw Mod man

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Take Rangers out of it, I ceased caring about all this cheating stuff ages ago, at last some degree of sanity from the courts. How anyone could ever believe that this was anything other than tax evasion is beyond me, and anyone moronic or dishonest enough to use them deserves everything that is coming to them.

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the judge made mention of it

Furthermore, so far as the footballers are concerned, at least, it seems to us that if bonuses had not been paid they might well have taken their services elsewhere.

Thats pure speculation. The crux of the matter is rangers paid money that it has now been found they couldn't afford to pay. Same as any other insolvency event in football. You can't wind the clock back and say when that happened. If man city's owners pack up their bags tomorrow and man city can't pay transfer fees owing should we go back to when they signed these players and take back all their trophies?
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Thats pure speculation. The crux of the matter is rangers paid money that it has now been found they couldn't afford to pay. Same as any other insolvency event in football. You can't wind the clock back and say when that happened. If man city's owners pack up their bags tomorrow and man city can't pay transfer fees owing should we go back to when they signed these players and take back all their trophies?

If Man City's owners pack up tomorrow, City are still a profit making entity in their own right so that wouldn't be an issue :ok:

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Says the guy with 7 posts on page 405 alone. Funny how you are not so chatty now. :wave:

Should you not be bumping your whore thread round about now?

Aww, so now post stalking plinthy? I am never far aware, and don't shy away when things are good or bad.

Ah I would, but you deleted the 4 of them.

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Thats pure speculation. The crux of the matter is rangers paid money that it has now been found they couldn't afford to pay. Same as any other insolvency event in football. You can't wind the clock back and say when that happened. If man city's owners pack up their bags tomorrow and man city can't pay transfer fees owing should we go back to when they signed these players and take back all their trophies?

That is not the crux though is it. You could afford to pay it as you paid it. The crux is that you evaded the income tax that was due to HMRC that RFC was obliged to deduct. Instead you (the club) concocted an absurd scheme on the advice of a porn star so they could pay more money as wages with no tax deducted. The more you pay the better the talent you can attract. Look at the sums involved in unpaid taxes, this was a huge advantage for a decade.

Edited by thplinth
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Thats pure speculation. The crux of the matter is rangers paid money that it has now been found they couldn't afford to pay. Same as any other insolvency event in football. You can't wind the clock back and say when that happened. If man city's owners pack up their bags tomorrow and man city can't pay transfer fees owing should we go back to when they signed these players and take back all their trophies?

Living beyond your means is different from tax avoidance...

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That is not the crux though is it. You could afford to pay it as you paid it. The crux is that you evaded the income tax that was due to HMRC that RFC was obliged to deduct. Instead you (the club) concocted an absurd scheme on the advice of a porn star so they could pay more money as wages with no tax deducted. The more you pay the better the talent you can attract. Look at the sums involved in unpaid taxes, this was a huge advantage for a decade.

I wouldn't use the word absurd given it has taken until the inner house of the court of session for it to be found that way. It will likely be determined by the Supreme Court of the uk now. Who knows what they will decide.
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Dirty tax cheating kents.Phil was right all along.

I can't believe normal tax paying Rangers fans are trying to defend this,if it was Aberdeen I'd slap Milnes baldy heid until my hand bled.

Murray killed your club troops.Hunt the kent down ffs and stop blaming everybody else.

Btw it won't be hard he canny run fast

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Living beyond your means is different from tax avoidance...

Tax evasion you mean? I accept there is a difference but I'm not sure why one should lead to a different treatment to other debts? Debts to hmrc are treated equally to debts owed to everyone else by liquidators.

You go down a slippery slope when you start trying to draw distinctions between the causes of insolvency. The fact remains that if rangers had £50m in their bank account today and paid hmrc the money, there would be no issue. The issue is that rangers can't pay that money. It has taken until today for that debt to crystallise in the form of an enforceable judgment. Prior to today, old co did not have the tax liability for tax evasion so I'm not sure what old co was supposed to have done before this judgment was known.

That's before you even take into account the fact that there is nothing in the rule book about this so any further action would be made up on the spot.

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Isn't it up to BDO to appeal to supreme court that doesn't seem likely to me.

Hmmm they seemed reluctant to defend it so you might be right. However in the grand scheme of this case an appeal to the Supreme Court would not be expensive and is in the interests of creditors since it could avoid £50m+ plus hmrc costs (most likely) being added to the creditors pot.

It also gives BDO an opportunity to rack up more fees.

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Tax evasion you mean? I accept there is a difference but I'm not sure why one should lead to a different treatment to other debts? Debts to hmrc are treated equally to debts owed to everyone else by liquidators.

You go down a slippery slope when you start trying to draw distinctions between the causes of insolvency. The fact remains that if rangers had £50m in their bank account today and paid hmrc the money, there would be no issue. The issue is that rangers can't pay that money. It has taken until today for that debt to crystallise in the form of an enforceable judgment. Prior to today, old co did not have the tax liability for tax evasion so I'm not sure what old co was supposed to have done before this judgment was known.

That's before you even take into account the fact that there is nothing in the rule book about this so any further action would be made up on the spot.

Maybe they could've not got involved in blatant tax evasion in the first place?

It surely doesn't matter now anyway, the Rangers that owed the money is long gone.

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