Thread name up for selling rights - OTT 35 [R]

Donfather · Jun 20, 2017

Oops, the special one allegedly did a spot avoidance of the tax category whilst he was in Spain

http://www.bbc.co.uk/news/world-europe-40339788

SamScouse · Jun 20, 2017

seems like everyone connected with football in Spain gets accused of tax evasion. wtf is going on over there?

Wingtips1 · Jun 20, 2017

SamScouse said: ↑

seems like everyone connected with football in Spain gets accused of tax evasion. wtf is going on over there?
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When you face a 50%+ tax rate, you place the company holding your image rights offshore to avoid the confiscation and the authorities go after you.

SamScouse · Jun 20, 2017

OK ..... but if so many of them do it and get called on it, presumably it isn't legal.

I think most of them get found guilty (???) ...so why are they still being told to do it by their advisors? especially now given the Spanish economy - they are such obvious targets. weird.

burning247 · Jun 20, 2017

SamScouse said: ↑

OK ..... but if so many of them do it and get called on it, presumably it isn't legal.

I think most of them get found guilty (???) ...so why are they still being told to do it by their advisors? especially now given the Spanish economy - they are such obvious targets. weird.
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Risk vs reward? I mean are they really going to see jail time for this?

Donfather · Jun 20, 2017

Suspended sentences less than two years...so it's not enforceable in Spain.....do they really want to take on the might of a football club with their big shot lawyers

Wingtips1 · Jun 20, 2017

SamScouse said: ↑

OK ..... but if so many of them do it and get called on it, presumably it isn't legal.

I think most of them get found guilty (???) ...so why are they still being told to do it by their advisors? especially now given the Spanish economy - they are such obvious targets. weird.
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It's legal to own a company in another country through which you funnel imaging/marketing dollars, the European governments just don't like being hosed so they throw a hissy fit and eventually the players' clubs pay some percentage of the alleged abuse and this all goes away. Legalized extortion perpetrated by a government. Love it.

hubbabubba · Jun 20, 2017

Wingtips1 said: ↑

Legalized extortion perpetrated by a government. Love it.
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its called income tax...

Kawklee · Jun 20, 2017

Beside Messi, they're all clients of Mendes.

burning247 · Jun 20, 2017

Wingtips1 said: ↑

Legalized extortion perpetrated by a government. Love it.
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While I agree that 50% is ridiculous, one could argue that the players knew the rules before they signed up. It's not like "surprise! You pay us a billion in taxes now!"

Donfather · Jun 20, 2017

The 89 million pound deal for pogba earnt the Uber-agent(I don't mean the taxi/cab service) Mino Raiola 41 mill....everytime I read that, it just doesn't sit well at all

ryered · Jun 20, 2017

Donfather said: ↑

The 89 million pound deal for pogba earnt the Uber-agent(I don't mean the taxi/cab service) Mino Raiola 41 mill....everytime I read that, it just doesn't sit well at all
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A "fat f*ck", in the words of the immortal Tony Soprano.

Donfather · Jun 20, 2017

ryered said: ↑

A "fat f*ck", in the words of the immortal Tony Soprano.
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The problem with players and their super agents, they have a vested interest in any transfers and create/manipulate unnatural scenarios where players seem to be coerced into leaving

Wingtips1 · Jun 21, 2017

Donfather said: ↑

The problem with players and their super agents, they have a vested interest in any transfers and create/manipulate unnatural scenarios where players seem to be coerced into leaving
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Just need to get the European agents on a similar plan to agents stateside - take a cut of your clients earnings (wages, endorsements, etc) and have it so clubs can't pay agents directly.

Wingtips1 · Jun 21, 2017

hubbabubba said: ↑

its called income tax...
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It's income legally earned in another country by a legal entity in a foreign country that is being extorted by a country with a territorial taxation system.

Wingtips1 · Jun 21, 2017

Are we surprised that UEFA and the governing bodies wilted in the face of minimal pressure and have allowed both Red Bull owned clubs in the CL?

And Europe wonders why it is a fading light - it can't even follow its own rules and will maneuver and shape shift to keep from offending.

A statement said: "The adjudicatory chamber of the UEFA Club Financial Control Body (CFCB) has decided to accept the admission of both FC Salzburg and RB Leipzig to the UEFA Champions League 2017/18, having found that Article 5 (Integrity of the competition) of the competition regulations is not breached.

"Following a thorough investigation, and further to several important governance and structural changes made by the clubs (regarding corporate matters, financing, personnel, sponsorship arrangements, etc.), the CFCB deemed that no individual or legal entity had anymore a decisive influence over more than one club participating in a UEFA club competition.
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imasyko · Jun 21, 2017

ryered said: ↑

A "fat f*ck", in the words of the immortal Tony Soprano.
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Same guy is the agent for Donnerumma.

hubbabubba · Jun 21, 2017

Wingtips1 said: ↑

It's income legally earned in another country by a legal entity in a foreign country that is being extorted by a country with a territorial taxation system.
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Of course... I was just being facetious. My guess is a lot of this is these guys being advised by their tax lawyers that this is a tax loophole that is ambiguous. I imagine the conversation goes something like... Lawyer: "How aggressive do you want us to be in order for you to pay the least amount of taxes?" Client: "I don't like giving my money away, so be aggressive" Lawyer: "Okay, we've found this loophole that will save you 20Mill in taxes, but the law is ambiguous and if they call us you may have to go to court and pay a fine, but we estimate that there is only a 1 in 5 chance they do this." Client: "Okay sounds good to me..." Anyone who makes a lot of money, and can afford to hire professionals to prepare their taxes is going to run into situations where there are complicated ways to reduce your tax burden, but by being complicated they probably also are open to varying legal interpretations.

Then governments change, someone says let's prosecute this, and here we are!

While no one likes taxes, I do believe people should pay what they are legally required to, and that ultimately this is for the common good. To me this seems like the only reason this is a story is the ungodly sums these players and managers are making.

usscouse · Jun 21, 2017

imasyko said: ↑

His ego requires the world's largest stage, and that's RM. This is a ploy to get them to up his salary.
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It'd take him up from poverty level. Out of the minimum wage bracket.

usscouse · Jun 21, 2017

hubbabubba said: ↑

Of course... I was just being facetious. My guess is a lot of this is these guys being advised by their tax lawyers that this is a tax loophole that is ambiguous. I imagine the conversation goes something like... Lawyer: "How aggressive do you want us to be in order for you to pay the least amount of taxes?" Client: "I don't like giving my money away, so be aggressive" Lawyer: "Okay, we've found this loophole that will save you 20Mill in taxes, but the law is ambiguous and if they call us you may have to go to court and pay a fine, but we estimate that there is only a 1 in 5 chance they do this." Client: "Okay sounds good to me..." Anyone who makes a lot of money, and can afford to hire professionals to prepare their taxes is going to run into situations where there are complicated ways to reduce your tax burden, but by being complicated they probably also are open to varying legal interpretations.

Then governments change, someone says let's prosecute this, and here we are!

While no one likes taxes, I do believe people should pay what they are legally required to, and that ultimately this is for the common good. To me this seems like the only reason this is a story is the ungodly sums these players and managers are making.
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I'd be so happy if my income warrented that much in taxes.

Then I could claim Monaco as my residence.

dcc134 · Jun 27, 2017

Dembelle form BVB getting linked with City. Wonder what that means for Sterling?

bayern is god · Jun 27, 2017

dcc134 said: ↑

Dembelle form BVB getting linked with City. Wonder what that means for Sterling?
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Aguero,Jesus,KDB,Sane,Bernardo Silva,David Silva and Sterling.

City going for Dembele is just an OverKill.

dcc134 · Jun 27, 2017

bayern is god said: ↑

Aguero,Jesus,KDB,Sane,Bernardo Silva,David Silva and Sterling.

City going for Dembele is just an OverKill.
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No doubt.

Sterling certainly seems low man on the totem pole. I wonder how much longer he sticks around and where his next move would be.

EruditeHobo · Jun 27, 2017

How much longer does Silva have?

I wouldn't be that concerned if I were him... he's one of only 2 real wingers in that whole group.

dcc134 · Jun 27, 2017

EruditeHobo said: ↑

How much longer does Silva have?

I wouldn't be that concerned if I were him... he's one of only 2 real wingers in that whole group.
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He's 31. But they just bought Bernardo for a decent amount, who plays wide. Dembele would cost well north of 50m. Neither of those players would be coming to sit on the bench. They are looking at Sanchez.

Pep is clearly looking to upgrade his options in wide areas. Considering the problems they have elsewhere in that team, its interesting that Pep doesn't feel as though he's sorted at that position with Sane and Sterling.