| I'm no qualified accountant - ME interest/tax breaks Q 08:44 - Dec 5 with 10741 views | artsbossbeard |
Right, so I think we finally put to bed the claims that ME charges ITFC interest on the loans last night BUT what's the craic with the "yeah, but he only owns the club for tax break reasons" statement oft bandied around?
It's for some copy & paste/online arguments reasons.
Thanks
ABB |  |
| Please note: prior to hitting the post button, I've double checked for anything that could be construed as "Anti Semitic" and to the best of my knowledge it isn't. Anything deemed to be of a Xenophobic nature is therefore purely accidental or down to your own misconstruing. | | Poll: | Raining in IP8 - shall I get the washing in? |
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| I'm no qualified accountant - ME interest/tax breaks Q on 17:01 - Dec 5 with 774 views | Lord_Lucan |
| I'm no qualified accountant - ME interest/tax breaks Q on 16:45 - Dec 5 by LeagueOne |
I know that at one point we were paying 10% interest or thereabouts on a number of loans ME group had given to Ipswich Town between 2010-2013 which accounted for some of the year end losses.
As for tax breaks - the law is here ( https://www.gov.uk/guidance/corporation-tax-calculating-and-claiming-a-loss) - assuming Ipswich Town is included in the overall Marcus Evans group figure. |
Would you care to advise how much (in your mind) ME global corporations gain in tax savings for every 5 million he loses at ITFC. |  |
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| I'm no qualified accountant - ME interest/tax breaks Q on 17:03 - Dec 5 with 769 views | Bluefish |
| I'm no qualified accountant - ME interest/tax breaks Q on 17:01 - Dec 5 by Lord_Lucan |
Would you care to advise how much (in your mind) ME global corporations gain in tax savings for every 5 million he loses at ITFC. |
I think this has been covered and you won't change any opinions.
He makes 1 million for every 5 million lost so by losing 95 million he has made about 19 million. He is such a lucky man, if we can help him to lose another 5 we can get him up to 20 million |  |
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| I'm no qualified accountant - ME interest/tax breaks Q on 17:22 - Dec 5 with 760 views | Lord_Lucan |
| I'm no qualified accountant - ME interest/tax breaks Q on 17:03 - Dec 5 by Bluefish |
I think this has been covered and you won't change any opinions.
He makes 1 million for every 5 million lost so by losing 95 million he has made about 19 million. He is such a lucky man, if we can help him to lose another 5 we can get him up to 20 million |
Yes, I know the figures, it's just that the bloke I'm interchatting with doesn't seem to accept it. | |
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| I'm no qualified accountant - ME interest/tax breaks Q on 18:34 - Dec 5 with 721 views | Keno |
| I'm no qualified accountant - ME interest/tax breaks Q on 17:22 - Dec 5 by Lord_Lucan |
Yes, I know the figures, it's just that the bloke I'm interchatting with doesn't seem to accept it. |
Ask him this
If he give you a fiver would he be happy if you gave him £4 back |  |
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| I'm no qualified accountant - ME interest/tax breaks Q on 18:51 - Dec 5 with 707 views | Bluefish |
| I'm no qualified accountant - ME interest/tax breaks Q on 17:22 - Dec 5 by Lord_Lucan |
Yes, I know the figures, it's just that the bloke I'm interchatting with doesn't seem to accept it. |
What is there to accept? I have clearly just shown you that Marcus Evans has made 20 million from ITFC. The scoundrel | |
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| I'm no qualified accountant - ME interest/tax breaks Q on 18:54 - Dec 5 with 701 views | sparks |
| I'm no qualified accountant - ME interest/tax breaks Q on 18:51 - Dec 5 by Bluefish |
What is there to accept? I have clearly just shown you that Marcus Evans has made 20 million from ITFC. The scoundrel |
The reality is that it means when we talk about ME putting in £10m, it was only, in effect £8m.
So it makes his investment / lossess about 20% cheaper. |  |
| The presence of those seeking the truth is infinitely to be preferred to the presence of those who think they've found it.
(Sir Terry Pratchett) | | Poll: | Is Fred drunk this morning? |
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