stonedsailor Posted March 10, 2015 Share Posted March 10, 2015 (edited) With these guys suspended does that mean there are more Rangers employees sitting at home being paid mega bucks for doing nothing whilst more wages are added to the cash drain? I though old googly eyes was going to change things? Acht forget that last bit. Just realised suspended is another way of saying can't afford the lump sum pay offs. Skint then, skint now, skint forever. Edited March 10, 2015 by stonedsailor 0 Quote Link to comment Share on other sites More sharing options...
FinnesTON Posted March 10, 2015 Share Posted March 10, 2015 (edited) quote Barry McCormack, Motherwell • 42 minutes ago The non-executive directors Fergus McCann appointed to the Celtic board were the former deputy governor of the Bank of England, Brian Quinn, ex-chairman of BAT industries, Sir Patrick Sheehy, Fridge magnate (couldn't help it) and multi-millionaire Willie Haughey and billionaire Dermot Desmond. Compare and contrast with the Ibrox appointments Are we playing top trumps ? No wonder they are burning through MA's money with all the dry ice machines and reflective surfaces at Mordor. Edited March 10, 2015 by FinnesTON 0 Quote Link to comment Share on other sites More sharing options...
Stu Posted March 10, 2015 Share Posted March 10, 2015 I assume CG's limited company is being used as a tax efficient way to pay himself rather than an actual business. He's still a fud though. A Rangers person being involved in a scheme to cut down on his tax? Never! 0 Quote Link to comment Share on other sites More sharing options...
dirty dingus Posted March 10, 2015 Share Posted March 10, 2015 With these guys suspended does that mean there are more Rangers employees sitting at home being paid mega bucks for doing nothing whilst more wages are added to the cash drain? I though old googly eyes was going to change things? Acht forget that last bit. Just realised suspended is another way of saying can't afford the lump sum pay offs. Skint then, skint now, skint forever. Your being a bit harsh, the first thing the new frugal and wise board did was save £300 on a gazebo. 0 Quote Link to comment Share on other sites More sharing options...
The DA Posted March 10, 2015 Share Posted March 10, 2015 No it's really not. King and Co. Coming through with the first of their promises. Meaningful supporter presence on the board. Nice to see PM not holding a grudge and putting the club before himself. If you had to choose one of DK's promises as his first post-Friday priority, is this really the one you would have gone for? 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted March 10, 2015 Share Posted March 10, 2015 Chic Young 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted March 10, 2015 Share Posted March 10, 2015 Chic Young He did say tonight having John Greig back at Ibrox tonight is like a "new beginning" for the club. 0 Quote Link to comment Share on other sites More sharing options...
sjc Posted March 10, 2015 Share Posted March 10, 2015 He did say tonight having John Greig back at Ibrox tonight is like a "new beginning" for the club. Chick Young really needs to stop letting his arsehole do his talking. 0 Quote Link to comment Share on other sites More sharing options...
Trackdaybob Posted March 10, 2015 Share Posted March 10, 2015 Chick Young really needs to stop letting his arsehole do his talking. Leave tedi out of this. 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted March 10, 2015 Share Posted March 10, 2015 I assume CG's limited company is being used as a tax efficient way to pay himself rather than an actual business. He's still a fud though. So, in an oldco style, could he be taking a loan of himself? 0 Quote Link to comment Share on other sites More sharing options...
TheLip69 Posted March 10, 2015 Share Posted March 10, 2015 Chick Young really needs to stop letting his arsehole do his talking. Why? He''s made a career out of it. 0 Quote Link to comment Share on other sites More sharing options...
sjc Posted March 10, 2015 Share Posted March 10, 2015 Why? He''s made a career out of it. Good point well made. 0 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted March 10, 2015 Share Posted March 10, 2015 Chick Young really needs to stop letting his arsehole do his talking. There's more shite comes from his mouth. His arsehole is in a huff about that. 0 Quote Link to comment Share on other sites More sharing options...
pozbaird Posted March 10, 2015 Author Share Posted March 10, 2015 Chick Late Queens equaliser :lol: Screwfix Catalogue on every seat tonight :lol: 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted March 10, 2015 Share Posted March 10, 2015 Chick Late Queens equaliser :lol: Screwfix Catalogue on every seat tonight :lol: Wry smile. Good ol' chuckle. Coffee all over keyboard. 0 Quote Link to comment Share on other sites More sharing options...
Pete's Frontier Posted March 10, 2015 Share Posted March 10, 2015 King better start planning for another year in the Championship. Get his warchest sorted now. 0 Quote Link to comment Share on other sites More sharing options...
Thistle_do_nicely Posted March 10, 2015 Share Posted March 10, 2015 (edited) So, in an oldco style, could he be taking a loan of himself? My knowledge of it is a bit limited - but if you pay yourself in dividends as a higher rate taxpayer, you end up paying less in tax than you would if you took the same amount as a salary. So if you pay yourself up to the threshold for income tax (£10k ish, although I think it might be higher now) and then take dividends, since they have a 1/9th tax credit, you can end up earning about £42k per year virtually tax free. edit: found a link that explains it a lot better, its a little out of date but I think its broadly the same; http://www.thisismoney.co.uk/money/article-2095909/How-pay-21-tax-100-000-income-child-benefit--IR35-rules-explained.html Edited March 10, 2015 by Thistle_do_nicely 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted March 10, 2015 Share Posted March 10, 2015 Disappointing that the triumphalist Visigoths didn't turn out in greater numbers to support the King's Eleven. A poor show all round. Hilarious to think the Visigoths had 3 or 4 games in hand over Hibs and are still behind them with only 1 left. 0 Quote Link to comment Share on other sites More sharing options...
Funky Nosejob Posted March 10, 2015 Share Posted March 10, 2015 My knowledge of it is a bit limited - but if you pay yourself in dividends as a higher rate taxpayer, you end up paying less in tax than you would if you took the same amount as a salary. So if you pay yourself up to the threshold for income tax (£10k ish, although I think it might be higher now) and then take dividends, since they have a 1/9th tax credit, you can end up earning about £42k per year virtually tax free. edit: found a link that explains it a lot better, its a little out of date but I think its broadly the same; http://www.thisismoney.co.uk/money/article-2095909/How-pay-21-tax-100-000-income-child-benefit--IR35-rules-explained.html Higher rate taxpayers will pay 40% tax on any employment income and savings interest above the basic tax allowance (£10k allowance + £31,865 at lower rate). Tax on dividend income at the same levels is capped at 32.5%. Not tax free, but a lower rate of tax. 0 Quote Link to comment Share on other sites More sharing options...
Thistle_do_nicely Posted March 10, 2015 Share Posted March 10, 2015 Higher rate taxpayers will pay 40% tax on any employment income and savings interest above the basic tax allowance (£10k allowance + £31,865 at lower rate). Tax on dividend income at the same levels is capped at 32.5%. Not tax free, but a lower rate of tax. Cheers. Thought there was a tax credit associated with dividends too, of about 11% as they are paid after corporation tax? So in effect its 32.5% - the tax credit? 0 Quote Link to comment Share on other sites More sharing options...
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