13 Apr 2012 14:43:33
Why are the people who used EBT's not being asked to repay their loans? this seems to be an obvious step and a huge money spinner for sure.Why are decent,working men and women giving cash to the fighting fund,yet not a peep from the players and executives who gained plenty for years? Legally they will be watertight,morally they must be ashamed.It would be nice to see just who did gain payment from these contracts.
Because they were not loans,Rangers used it as a way to pay more wages and hence get better players than they could affoard, cheating to you or me
This information is in the public domain. Despite the shredder lorry turning up a few weeks ago and processing a few tonnes of hard copies.
Any shareholder (20,000 of them can request this data .
Any of the 26,000 minority shareholders can request under corporate freedom of information laws, the right to copies of any Rangers data including a list of EBT beneficiaries and the amounts involved.
They are only "loans" for tax purposes and once a loan is given from the fund, there is no obligation or time scale to make repayments its not a HP agreement
Not sure but I've been told Dundee used dual contracts and that's why every member club got a declare it / own up letter from the SFA , if true the SFA can't make our punishment any bigger than Dundee fc and will have to call for a amnesty regarding the EBT's ... Basically one rule for everyone not changing them because it's Rangers ! Maybe ed can add something ?
Because David Murray put in the contracts they would b no come back on the players if they were any future problems, rangers would b responcibile
Not cheating which is tax evasion, tax avoidance is what it was and as far as i'm aware was available to every employer the length and breadth of the country not just Rangers. or did we all miss the subsection of the Finance Act that year. so i realise all the tims and all the fans of the diddy teams would like to paint it differently. over spending and ebts are not financial doping they are or were legal. what happened this year non payment of PAYE and VAT should be illegal but amazingly isnt. so get over it. we know why there was a rush to change the rules when Dundee and Motherwell went into administration because they weren't in a position to challenge Sellick for the League title
The loan rangers thats a good name for the newco.
Still seems some people haven't understood that the EBT system used by Rangers may have been illegal. If a player agreed an annual salary of £2 mill and £1mill was paid in his pay-packet subject to UK taxation and the other half was paid into the EBT that is illegal. The £2 mill was the contractual obligation (an agreed regular payment) so the £1 mill in the EBT does not qualify as an opened ended loan and hence negates the EBT arrangement making UK tax due on the EBT payment, thus the Big Tax Case. Further, the EBT payment obviously would not be declared to the SPL or SFA as part of the contractual arrangement with the player (if it had there would be no need for the BTC) and so the player would not have been correctly registered to play thus the possible stripping away of trophies won when numbers of the team were "illegals". The "financial doping"
arguement is valid as these practises allowed Rangers to gain an unfair advantage. If the whole of the SPL was supposed to be amateur and Rangers had made secret payments to players to allow them to train full time then no one would try to deny that such a system was cheating. In this case we have a league (SPL) which has a certain level of financial capacity to generate income for clubs that then field teams within that constraint. Rangers hived off money ,that should have been paid to the tax authorities,to finance purchase and payment of a class of player that neither they,nor their league opposition, could have afforded had that money been paid when required to the tax authority. Of course Rangers' financial capacity would have allowed them to have players that other teams (perhaps excluding Celtic) could not afford but the tax dodge further enhanced that "natural" level of player quality by unfair means. Think, if outside the Old Firm, the SPL teams could afford, say, players of middle table English Championship sides then the OF's "natural" level of player quality would be around,say, 11th to 15th place of the Premiership. The "doping" would have enhanced Rangers to a 6th to 10th place ability so outstripping even their "natural" competitor,OF other half Celtic, let alone the Cornershop Ten. It's a big,bad situation and the penalties could be extremely harsh. I know Amoruso insists that he won his medals on the field and losing them would be unfair to him but what of the players of the Cornershop that missed out on Cup winning pride or even European thrills because the likes of Amuroso should never have been playing in Scotland in the first place?
Its also worth pointing out the seriousness of the 'second contracts' issue that ties in with the EBT payments.
This is not some obscure technicality aimed at catching out clubs that are bad at record keeping: the reason for demanding that all player payments are registered with the sporting authorities is serious, very sound and should be obvious:
Suppose a strange pattern of player payments, unusual results and 3rd party betting patterns were to emerge? Hmmmm...
The reason for payment registration is to shut the door to possible corruption and impropriety. If disclosures are not made, they cannot be accepted by the authorites as above board,and the possibility for perverting the sporting integrity of the game exists. And in the same way as - and for the same reason as 'refusing to provide a sample' carries the same penalty as 'drunk in charge' - fielding a player in a game whose playing related financial emoluments have not been disclosed to the footballing authorities means that the match is forfeit 3-0.
This is as it should be. Organised criminals stands to make alot of money from match fixing, and backhanders to players and officials in a position to influence the outome of games is a sure fire bet for them.
Note: I am not suggesting that any RFC players were involved in such match fixing, but the club officers seem to have knowingly failed to disclose player payments to the footballing authorities because to have done so would have removed any pretence of discretion required to obtain the tax advantage,
When they did this, they knowingly did something that invalidated the matches those players participated in.
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