lithgierose Posted November 4, 2015 Share Posted November 4, 2015 no comment.to busy -5 Quote Link to comment Share on other sites More sharing options...
MattBairn Posted November 4, 2015 Share Posted November 4, 2015 It establishes a principle that operating EBT's the way Rangers and the Murray Group did is illegal tax evasion which fundamentally doesn't make much odds at this stage of the Oldco's existence and makes no odds at all to Newco. It is important to HMRC in terms of using it as a precedent against others though. It means HMRC are owed a lot more money by Oldco which they won't get. In the event Oldco had a few pounds more to distribute to creditors they are far less likely to see it now as the Revenue will be in for a greater share of any crumbs. It means nothing for Rangers in their current guise unless you took remotely seriously the suggestion that Dave King was going to pay off old debts and transfer the business back into Oldco. I doubt that would ever have happened but it certainly won't now. It's doubtful there will be any pursuit of the individuals who benefited. The liability really lies with the company. Unless the individual can be proven Thanks for that. I suspected it meant little to the current clumpany but wasn't sure. 0 Quote Link to comment Share on other sites More sharing options...
Hey! Ho! Jambo! Posted November 4, 2015 Share Posted November 4, 2015 All this deception for players like Dan Eggen. What a caper. 0 Quote Link to comment Share on other sites More sharing options...
K Dodd Posted November 4, 2015 Share Posted November 4, 2015 If oldco owe 42mill. And newco are found to have been set up fraudulently, and according to the results today the assets are worth in excess of 42mill. Does that mean the assets will be transferred back to oldco and sold off to pay the debt? And also do we get our 2001 cup? 0 Quote Link to comment Share on other sites More sharing options...
Romeo Posted November 4, 2015 Share Posted November 4, 2015 Lol 0 Quote Link to comment Share on other sites More sharing options...
K Dodd Posted November 4, 2015 Share Posted November 4, 2015 And where the feck is Tedious when you need a balanced view? 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted November 4, 2015 Share Posted November 4, 2015 If oldco owe 42mill. And newco are found to have been set up fraudulently, and according to the results today the assets are worth in excess of 42mill. Does that mean the assets will be transferred back to oldco and sold off to pay the debt? And also do we get our 2001 cup? The assets are worth that amount (no laughing at the back!) as a going concern. They would not be worth this amount if they were to be sold in a firesale. 0 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted November 4, 2015 Share Posted November 4, 2015 This current crop of diddies isn't a patch on the 2012 mob. Aye, sure, we're getting the 'financial doping' 'Lance Armstrong FC' title-stripping bollocks as one would expect but to truly make this Groundhog Day we need reference to schools that could have been built or nurses employed if only we'd paid our taxes. Even a reference to Good Rangers Men paying Her Majesty's Revenue would be an advance on this anodyne pap. 0 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted November 4, 2015 Share Posted November 4, 2015 Maybe later, reading complex financial/legal stuff at the Mo. Only in from work and off to Montrose. Fair play. 0 Quote Link to comment Share on other sites More sharing options...
Romeo Posted November 4, 2015 Share Posted November 4, 2015 This current crop of diddies isn't a patch on the 2012 mob. Aye, sure, we're getting the 'financial doping' 'Lance Armstrong FC' title-stripping bollocks as one would expect but to truly make this Groundhog Day we need reference to schools that could have been built or nurses employed if only we'd paid our taxes. Even a reference to Good Rangers Men paying Her Majesty's Revenue would be an advance on this anodyne pap. Do you accept that the old Rangers cheated? 0 Quote Link to comment Share on other sites More sharing options...
Gianfranco Posted November 4, 2015 Share Posted November 4, 2015 How do hmrc plan to get money off the old Rangers? Or is it the players they will go after? It's a scandal that assets where allowed to be sold without auction back in 2012 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted November 4, 2015 Share Posted November 4, 2015 Strange that Sevco Rangers chose to release the accounts on the very day that the Moonbeams Rangers verdict was given. @BBCchrismclaug: #Rangers announce loss of £7.5 million for year ending June 30th. Reduced loss compared to 8.1m year before. Pyoor co-incidence all that, eh Wee Man? What was that about a good day to bury bad news....? 0 Quote Link to comment Share on other sites More sharing options...
Ned Nederlander Posted November 4, 2015 Share Posted November 4, 2015 This current crop of diddies isn't a patch on the 2012 mob. Aye, sure, we're getting the 'financial doping' 'Lance Armstrong FC' title-stripping bollocks as one would expect but to truly make this Groundhog Day we need reference to schools that could have been built or nurses employed if only we'd paid our taxes. Even a reference to Good Rangers Men paying Her Majesty's Revenue would be an advance on this anodyne pap. All already mentioned. 0 Quote Link to comment Share on other sites More sharing options...
The Grass Is Greener. Posted November 4, 2015 Share Posted November 4, 2015 Do you accept that the old Rangers cheated? 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted November 4, 2015 Share Posted November 4, 2015 new Rangers are probably cheating as we speak, but just haven't been rumbled yet. It is in their DNA. 0 Quote Link to comment Share on other sites More sharing options...
Jim McLean's Ghost Posted November 4, 2015 Share Posted November 4, 2015 How do hmrc plan to get money off the old Rangers? Or is it the players they will go after? It's a scandal that assets where allowed to be sold without auction back in 2012 That matter is before the court right now with Whyte, Green and the administrators all up on racketeering charges that they fraudulently sold the assets without regard to their true value. There are potential custodial sentences awaiting if found guilty 0 Quote Link to comment Share on other sites More sharing options...
SlipperyP Posted November 4, 2015 Share Posted November 4, 2015 This current crop of diddies isn't a patch on the 2012 mob. Aye, sure, we're getting the 'financial doping' 'Lance Armstrong FC' title-stripping bollocks as one would expect but to truly make this Groundhog Day we need reference to schools that could have been built or nurses employed if only we'd paid our taxes. Even a reference to Good Rangers Men paying Her Majesty's Revenue would be an advance on this anodyne pap. Our brave boys were fighting on 2 fronts during this time. Hope you wear your poppy with pride, you thieving b*****ds. 0 Quote Link to comment Share on other sites More sharing options...
Ned Nederlander Posted November 4, 2015 Share Posted November 4, 2015 new Rangers are probably cheating as we speak, but just haven't been rumbled yet. It is in their DNA. I don't think the current board would allow it. 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted November 4, 2015 Share Posted November 4, 2015 Not up to reading through the full judgement, but I would think that (old) Rangers has some liability to settle with HMRC. But I would guess that everyone who benefitted from this tax dodge is now liable to pay tax on their earnings obtained through their EBT. So that should include most Rangers legends you can think of, some of whom used to be household names people looked up to. Probably HMRC will be getting letters out to all these tax dodgers pretty damn quick. 0 Quote Link to comment Share on other sites More sharing options...
Rugster Posted November 4, 2015 Share Posted November 4, 2015 This current crop of diddies isn't a patch on the 2012 mob. Aye, sure, we're getting the 'financial doping' 'Lance Armstrong FC' title-stripping bollocks as one would expect but to truly make this Groundhog Day we need reference to schools that could have been built or nurses employed if only we'd paid our taxes. Even a reference to Good Rangers Men paying Her Majesty's Revenue would be an advance on this anodyne pap. You've hit the gin early today. Understandable given the news I suppose. 0 Quote Link to comment Share on other sites More sharing options...
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