Upside Down

Depends who is doing the audit and what their underlying motivation is.

Does he even have a plan A? JDT 4-0 Gurning Chump

When talking about this subject it is imperative to keep an open mind. Who knows if there are ulterior motives for the Indian government going after venkys, after all Al Capone was only ever legally guilty of tax fraud.

Big Chris Samba, Colin Hendry, Tony Parkes, Bryan Douglas. No idea on the others.

That's what we want to hear. 👍

You can always read something else.

You cannot be certain.

Venkys wet dream. Wouldn't take you down but would never get you up in a million years.

R. Dean Taylor - There's A Ghost In My House

No more than 15000 Must be because of shit fans.

I figured it would be them. The fact we've spent the MAJORITY of our time in the top division where there were fewer teams has put us in 7th place.

Wait till Martin gets fired

NONE of us know. That's the point. What is your logic, if there is any, behind your assumptions? So a multi million pound business is not an asset then? They absolutely do. They rent business space, lease vehicles, machinery etc, all thing they can afford to buy but choose to lease as it can be classed as an expense. When they need to they will absolutely find ways to write money off if it is beneficial. It does make me laugh that people who just think they throw 15million at year away for absolutely no reason are so certain that they are right. I don't know what the true reasons are, none of us do. Edit: I'll just add that when I say tax I'm using that term very loosely. I would hazard a guess that you don't end up a billionaire in Pune without having to deal with organised crime or the like in some way or another. This is what I mean by the bigger picture. Getting obsessed with personal income tax regulations is unbelievably short sighted when talking about a multi national corporation.

I'll reiterate the point that only the venkys CFO actually knows how it all goes together. You have also not said anything regarding the house purchase. Large companies make losses all over the place to write off tax. When you're turning over massive amounts each year, an asset that regularly loses 10-20million is a great tool for balancing the books. Please try and see the bigger picture here.

You and Mattyblue are shaping up to be the next leaders of BRFC's commercial and operational era. £700,000 well spent.

So you've not grasped the concept of tax brackets then. For example 65-40% = 39 55-25% = 41.25 Obviously it isn’t as simple as this and none of us know how they are doing it. The only person who could possibly kbow how the finances work across whole venkys business would be the CFO. One of the only real consistencies overthe last 13 years have been the losses. When they threaten to change in either direction, action is taken. Lose too much it will cost money. Promotion and a sudden injection of 200 million also causes problems as you now can't write off 20 million in losses. Remember, these people who are supposedly billionaires bought a house for 7 million, crumbs to them according to some, and ran it through the company books as a tax dodge. Now they are having assets siezed because of this and they have had to reign in the spending on their other financial write off. Supposedly.

You're on to it. Give this man a £400,000 a year job.

Any club that wasn't run by complete retards would have made this a day to remember. It's a real milestone. I'm surprised that waggot hasn't closed the JW Upper to celebrate.

I didn't realise there was enough of a fanbase left to notice.

Fuck it. Let's just close Ewood all together and play all games at Brockhall behind closed doors. Sorted. No expenses to worry about there.

You just spelled it out yourself. These are the people who bought a house through the company and tried to claim it was a chicken coup to claim it as an expense. Spending 20million to save paying an extra 4million.

Three roses there m8

To be fair, I wasn't around for World War Two but that's no excuse for not knowing about it. Ignorance is not an excuse for being a moron.

If the tax bill is bigger than the losses to cover Rovers expenditure then they have made money from that. A football club is a brilliant way to do this as they continually lose money year on year in a way that nobody would blink an eye. Really shows how mental this game has become. Not sure why people find this so hard to comprehend really. Corporations do this sort of thing all the time. This entire thread is because they have been caught trying to cheat the tax rules when buying a house. Yes yes I know, conspiracy theories, crazy talk etc etc etc...

Stone Roses - I Am The Resurrection