Barney Rubble Posted March 30, 2012 Share Posted March 30, 2012 Nice football content tonight just a wee reminder for myself incase i forget . Link to comment Share on other sites More sharing options...
Andrew Gilbert Wauchope Posted March 30, 2012 Share Posted March 30, 2012 Nice football content tonight just a wee reminder for myself incase i forget . Oh come on, Travis. Don't tease - what have you heard? Link to comment Share on other sites More sharing options...
Cyber Posted March 30, 2012 Share Posted March 30, 2012 Yer man on Twitter saying it might no be on Link to comment Share on other sites More sharing options...
davieholt Posted March 30, 2012 Share Posted March 30, 2012 Alex Thomson tweeted that he HOPED to have a piece on the Rangers situation tonight but he emphasised that it was his hope - not a promise. Link to comment Share on other sites More sharing options...
Radge21 Posted March 30, 2012 Share Posted March 30, 2012 Yep Alex thomson is still unsure if it will be aired in that hour. I will keep an eye on it anyway. Hope it is as exclusive as he makes out. The last time it was quite dissapointing. Link to comment Share on other sites More sharing options...
Tams bird Posted March 30, 2012 Share Posted March 30, 2012 Rangers ? I wont bother. Link to comment Share on other sites More sharing options...
The Comedian Posted March 30, 2012 Share Posted March 30, 2012 It's going down to the wire according to AlexThomo. Link to comment Share on other sites More sharing options...
Regular John Posted March 30, 2012 Share Posted March 30, 2012 Was always going to be an anti climax. Probably nothing that hasn't already been said on RTC blog. Link to comment Share on other sites More sharing options...
Radge21 Posted March 30, 2012 Share Posted March 30, 2012 Thomson just confirmed it will be on channel 4 tonight during the 7 o'clock news. Link to comment Share on other sites More sharing options...
scottish_chicP Posted March 30, 2012 Share Posted March 30, 2012 This could be the first time I have ever watched Channel 4 news Link to comment Share on other sites More sharing options...
Barney Rubble Posted March 30, 2012 Author Share Posted March 30, 2012 Thomson just confirmed it will be on channel 4 tonight during the 7 o'clock news. Woohoo gte the popcorn out although i reckon what the regular john says will probably be true wait just heard the headlines sounds good like lets av it Link to comment Share on other sites More sharing options...
Radge21 Posted March 30, 2012 Share Posted March 30, 2012 Bet Doncaster and Regan decide to watch Emmerdale instead. Link to comment Share on other sites More sharing options...
Hearts Heritage Posted March 30, 2012 Share Posted March 30, 2012 This could be the first time I have ever watched Channel 4 news It's normally all news about Big Brother Link to comment Share on other sites More sharing options...
Mark_Mywords Posted March 30, 2012 Share Posted March 30, 2012 @alextomo: Inventor of EBTs says he told SDM's company to do one thing - RFC went off and did another @alextomo: The focus of tax probe revealed #c4news @alextomo: Not a single EBT loan in the RFC scheme has yet been paid back #c4news @alextomo: RFC legend John Greig was in the scheme @alextomo: New RFC director named as requesting ?200,000 from his EBT Link to comment Share on other sites More sharing options...
The Gasman Posted March 30, 2012 Share Posted March 30, 2012 This could be the first time I have ever watched Channel 4 news Same here... Link to comment Share on other sites More sharing options...
redm Posted March 30, 2012 Share Posted March 30, 2012 Ooooohhhhhh Link to comment Share on other sites More sharing options...
tartofmidlothian Posted March 30, 2012 Share Posted March 30, 2012 @alextomo: Inventor of EBTs says he told SDM's company to do one thing - RFC went off and did another @alextomo: The focus of tax probe revealed #c4news @alextomo: Not a single EBT loan in the RFC scheme has yet been paid back #c4news @alextomo: RFC legend John Greig was in the scheme @alextomo: New RFC director named as requesting ?200,000 from his EBT What does this mean in real terms? Any smoking guns? Link to comment Share on other sites More sharing options...
Radge21 Posted March 30, 2012 Share Posted March 30, 2012 Rangers legend John Greig was in on the scheme, twitter. Link to comment Share on other sites More sharing options...
jamboinglasgow Posted March 30, 2012 Share Posted March 30, 2012 @alextomo: For the first time you'll see how fmr RFC chief exec Martin Bain wanted the money moved... ?@alextomo: And why M Bain did it ,,, @alextomo: And what M Bain uses the cheap money for - quite openly.. @alextomo: And how fmr rFc Chairman John McClelland was kept informed by M Bain... This could be very interesting Link to comment Share on other sites More sharing options...
Gregory House M.D. Posted March 30, 2012 Share Posted March 30, 2012 Rangers were illegally paying people!? That's some exclusive that C4 have Link to comment Share on other sites More sharing options...
Victorian Posted March 30, 2012 Share Posted March 30, 2012 alex thomson must be a fantastic digger. a lot of that seems to have evaded the mainstream press in scotland. still, now it's coming out into the open it will no doubt be well covered by BBC scotland and the daily record. super. Link to comment Share on other sites More sharing options...
Barney Rubble Posted March 30, 2012 Author Share Posted March 30, 2012 Rangers were illegally paying people!? That's some exclusive that C4 have The exclusive is its out of the domain of the weegia and into mainstream uk international news william my man its all good Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted March 30, 2012 Share Posted March 30, 2012 You'te looking at a real journo here. Getting pelters from all sides so digs deeper. Good lad, get the **** into them Link to comment Share on other sites More sharing options...
Radge21 Posted March 30, 2012 Share Posted March 30, 2012 alex thomson must be a fantastic digger. a lot of that seems to have evaded the mainstream press in scotland. still, now it's coming out into the open it will no doubt be well covered by BBC scotland and the daily record. super. Or maybe they are watching Emmerdale as well. Scottish football is corrupt everyone apart from Alex Thomson are scared to cover it. I never knew Channel 4 existed until I heard of Alex Thomson. Link to comment Share on other sites More sharing options...
Gregory House M.D. Posted March 30, 2012 Share Posted March 30, 2012 The exclusive is its out of the domain of the weegia and into mainstream uk international news william my man its all good Ah I see. Can anyone simplify what this evidence means as (As you've probably been able to tell) I'm not a financial expert. It just looks like the same story with slightly more detail to me. Link to comment Share on other sites More sharing options...
Radge21 Posted March 30, 2012 Share Posted March 30, 2012 Might this be the reason Martin Bain has withdrawn his claim against Rangers? Link to comment Share on other sites More sharing options...
milky_26 Posted March 30, 2012 Share Posted March 30, 2012 here we go Link to comment Share on other sites More sharing options...
Barney Rubble Posted March 30, 2012 Author Share Posted March 30, 2012 Ah I see. Can anyone simplify what this evidence means as (As you've probably been able to tell) I'm not a financial expert. It just looks like the same story with slightly more detail to me. We should listen to what he has to reveal before digesting the content here we go . Link to comment Share on other sites More sharing options...
kingdannyb Posted March 30, 2012 Share Posted March 30, 2012 Can someone YouTube it later please. Ta. Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted March 30, 2012 Share Posted March 30, 2012 Anyone else getting wood? Link to comment Share on other sites More sharing options...
colinmaroon Posted March 30, 2012 Share Posted March 30, 2012 Yabadabadoo! Jugular stuff! Link to comment Share on other sites More sharing options...
jamboinglasgow Posted March 30, 2012 Share Posted March 30, 2012 Martin Bain is looking like a massive fool. Link to comment Share on other sites More sharing options...
JC Posted March 30, 2012 Share Posted March 30, 2012 Ding dang doo! Thank you mr Thomson. Link to comment Share on other sites More sharing options...
colinmaroon Posted March 30, 2012 Share Posted March 30, 2012 Martin Bain is looking like a massive fool. Perhaps a major factor in his withdrawing his high profile action against Rangers! I would suggest it's too late for him to try and sneak back under the covers. Link to comment Share on other sites More sharing options...
Vlad-Stupid Posted March 30, 2012 Share Posted March 30, 2012 Wanted more blood Link to comment Share on other sites More sharing options...
Midloth_Iain Posted March 30, 2012 Share Posted March 30, 2012 From Ch 4 website As Rangers faces potential liquidation, Alex Thomson reveals the extent of transactions and payments made from offshore accounts that have so interested the taxman. Celtic fans might want to cover their ears for this next bit, but Rangers are - arguably - the biggest club in Scotland and without question one of the biggest in the UK. Their fan base unquestionably global, and loyal. But right now that very loyalty must surely be stretched to near breaking point. For Rangers FC is staring into the abyss of potential liquidation. If they fail to win their current appeal to a tax tribunal a bill of almost ?50m from the taxman awaits. The club - already in administration due to accrued debts away from all this, is something of a financial and footballing car-crash. Points have been deducted. The championship is heading to Parkhead and Celtic, and that is it for football this season pretty much. But it could be a great deal more serious than that. Rangers does not have a buyer at the moment, let alone someone willing to stump up ?50m which currently just ain't in Ibrox, search where you will. No sign of that Gulf sheikh or Russian billionaire oligarch coming up the Clyde bearing gifts and buying the club, either. To find out how they got into this state it might be useful to go to that well-known Glasgow suburb - Weybridge, Surrey. Here, in a gated community, lives none other than Paul Baxendale-Walker, the man who claims to have invented the employee benefits trust (EBT): the financial arrangement which might spell doom soon for Rangers. Surrey might not be the obvious place - Mr Baxendale-Walker not the obvious person. A former solicitor, now struck off, he still advises upon taxation issues whilst also running an adult TV channel. So what of the EBT? Paul Baxendale-Walker told us this: "Somebody obviously advised Rangers on the constitution of this employee benefits trust. And what that somebody would have to have done is refer to my book or at least referred to the principles in it. And then Rangers as a company went and did something else. This is why there is a tax case." He says he merely introduced the EBT concept to Murray International Holdings (MIH) - Sir David Murray's company, who owned Rangers from 1988 to 2011. The legality of the EBT The EBT is perfectly legal. Several thousand firms use them across the UK. But equally those firms have recently been contacted by HMRC to effectively say; "please come in and see us for a cuppa and the nicely-nicely - before we come round to your front door and do nasty-nasty." Why? Because the taxman reckons they are really about tax avoidance and possibly even evasion, slipping the wrong side of the law. Basically what they do is allow highly-paid staff to get money in loans from an offshore trust based in a tax haven, instead of getting it PAYE with 50 per cent income tax. In his letter, Martin Bain says it was suggested to him that "...any pay rise I got should be paid through the trust, obviously as a discretionary bonus as it cannot be contractual." Of course the loan must be paid back in time - but how much time? In some quarters they're dubbed 'lend and forget' deals. So to Rangers. Well we know a little bit more after the latest turn in the Channel 4 News investigation into the club's finances. Their EBT was set up by Murray International Holdings. And we can now reveal that according to MIH's Finance Director Mike McGill, not one of these loans has yet been paid back. "I do not believe that any loans have as yet been repaid," he told us. We asked when or if these loans would ever be repaid and he emailed back: "We do not consider it appropriate to make any further comment at this juncture." For the first time Channel 4 News can take you inside Rangers during the time of the tax dispute in the early years of this century. Documents we have seen from Rangers executives reveal the extent of their use of the trust payment system. It is not for us to say this was wrong or right, legal or illegal - that's for the tax tribunal in the coming days. We can disclose that the former chief executive of Rangers, Martin Bain, was offered ?100,000 bonus from the trust in 2005. We have seen a document which says: "...please pay Martin Bain ?100,000 through the remuneration trust in respect of his bonus for the financial year to June 30, 2005." We've seen a document which says: "...please pay Martin Bain ?100,000 through the remuneration trust in respect of his bonus for the financial year to June 30, 2005." Not only that, but just one month later in July 2005 in another document, Martin Bain requests from The Murray Group Management Trust in Jersey a further loan of ?100,000 "as soon as possible for the purposes of investment". These are the kind of things which have excited the interest of the taxman. In what could be a key document in the tax dispute, Martin Bain, when he was a director at Rangers, wrote to Chairman John McClelland on December 18, 2003. It is strongly worded - he asks that his pay rise be paid through the club's trust. In his letter Martin Bain says it was suggested to him that "...any pay rise I got should be paid through the trust, obviously as a discretionary bonus as it cannot be contractual..." A suggestion which would have made a big reduction in his tax bill. Widespread practice? But this isn?t just about Martin Bain. He was just one of many benefiting from this tax scheme. As he says himself: "...my increase was to be non-contractual put through as a discretionary bonus as I do with players. Coaches and more recently John Greig." So it was far from just Martin Bain - Rangers players were getting the trust's tax-free payments. Rangers coaches. And John Greig, Rangers legend and former director. This indicates just how widespread the trust scheme was being used across Rangers with already high earners making significant tax savings. And then, in the document we have seen, yet more startling information. Martin Bain writing to Rangers Chairman John McClelland, says that his contract letter from McClelland, would be destroyed, shredded, by a female official at MIH - the company which owned Rangers. Martin Bain wrote: "at the end of the meeting I gave her back the letter addressed to me from you that stated my contractual increase for her to shred." Now what they were doing could well be perfectly legitimate but it?s questions like these upon which the tax case may hinge. Rangers's legions of fans want answers. For the taxman this is a test case. For Rangers it is about the club's very survival. But fans may well question whether a high price has been paid for attempting to make tax savings at their club. Link to comment Share on other sites More sharing options...
The Gasman Posted March 30, 2012 Share Posted March 30, 2012 Interesting to hear AT say that if the FTT comes down on the side of HMRC, he expects the tax man to pursue Clubs North & South of the border for the same misuse of EBT's. I didn't think there were any other Clubs using EBT's in Scotland, is he suggesting that Celtic might have been...? Link to comment Share on other sites More sharing options...
Victorian Posted March 30, 2012 Share Posted March 30, 2012 bit of an 'overview' job. nothing much of any real substance to get juicy about. Link to comment Share on other sites More sharing options...
scott_jambo Posted March 30, 2012 Share Posted March 30, 2012 It's normally all news about Big Brother It's the most political of the mainstream news channels. Strange comment. Are you thinking of Ch5? Link to comment Share on other sites More sharing options...
Jamdub Posted March 30, 2012 Share Posted March 30, 2012 Oh Mr Bain...... You always came across as a lovely man. HMRC just put them out of their lingering pain and shut this corrupt institution down for ever. Link to comment Share on other sites More sharing options...
Barney Rubble Posted March 30, 2012 Author Share Posted March 30, 2012 Interesting to hear AT say that if the FTT comes down on the side of HMRC, he expects the tax man to pursue Clubs North & South of the border for the same misuse of EBT's. I didn't think there were any other Clubs using EBT's in Scotland, is he suggesting that Celtic might have been...? Or US ! :huh: Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted March 30, 2012 Share Posted March 30, 2012 Sounds like RTC has been leaking the evidence he possesses! Link to comment Share on other sites More sharing options...
2NaFish Posted March 30, 2012 Share Posted March 30, 2012 Or US ! :huh: only gordon could've earned enough to take advantage of that and even then only for a very small amount of time. Link to comment Share on other sites More sharing options...
Radge21 Posted March 30, 2012 Share Posted March 30, 2012 Martin Bain I want my money paid into the trust like the players. Link to comment Share on other sites More sharing options...
Vlad-Stupid Posted March 30, 2012 Share Posted March 30, 2012 If we were due any sizeable amount of cash, HMRC wouldn't be issuing us with winding up orders every 2min Link to comment Share on other sites More sharing options...
Barney Rubble Posted March 30, 2012 Author Share Posted March 30, 2012 only gordon could've earned enough to take advantage of that and even then only for a very small amount of time. I hope your right 2na Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted March 30, 2012 Share Posted March 30, 2012 If we were due any sizeable amount of cash, HMRC wouldn't be issuing us with winding up orders every 2min Correct. Link to comment Share on other sites More sharing options...
Vlad-Stupid Posted March 30, 2012 Share Posted March 30, 2012 If Celtic are at somepoint instigated, I shall probably spunk myself inside out Link to comment Share on other sites More sharing options...
Gregory House M.D. Posted March 30, 2012 Share Posted March 30, 2012 Or US ! :huh: Hearts have paid vast amounts of players offshore... Because they were contracted in that country and a team from that country held their registrations. :'> Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted March 30, 2012 Share Posted March 30, 2012 Martin Bain I want my money paid into the trust like the players. Did anyone hear big Lorenzo's avoidance of whether he benefited or not? Damned by his words! Link to comment Share on other sites More sharing options...
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