Trending
Celtic News Now
Celtic Quick News on News Now
Celtic Quick News
You are at:»»Psychopathic denial of responsibility

Psychopathic denial of responsibility

158
By on CQN BLOG & Comments

This whole blogging business has been a bit dull since those heady days when David Murray’s bombast cast a shadow across the land.  When most of the population believed he was the smartest person in the country, when he went as far as to assure us that it was his duty to minimise tax liability!

This place has been all about the football for a while now, which is how I wanted it in the first place.  But here we are, Back to the Future, all because of a sloppy piece in The Times, who today used unattributed quotes to suggest that Rangers were victims of HMRC, without a shred of reality behind the claim.

Let’s deal with the simple facts first.  The highest court in the land ruled that money Rangers paid footballers and executives through an Employee Benefit Trust scheme was disguised remuneration.  They accepted HMRC’s claim that tax was due on this remuneration.

One aspect often lost in time, is that Rangers went into liquidation without ANY court in the land finding against their use of EBTs.  It was not the judgement that went against them, it was that they made no provision to trade through the period these claims would be examined.

The club and their investors were either unable or unwilling to put the £18m or so on the table that would have paid Lloyds Group overdraft.  This would have prevented the sale to Craig Whyte and the club could have continued to trade until (and perhaps beyond) the conclusion of the Tax Case.

What happened subsequently is just window dressing.  They went down for the want of £18m that was used to compete for the Scottish Premier League.

By the time the Supreme Court ruled against them, Rangers were in the hands of liquidators, BDO.  Administrators Duff and Phelps agreed to change their name so that the Intellectual Property could be sold to a Newco, along with other assets.

Several matters were not examined by the court, specifically, penalty clauses and whether payments made to players should be considered gross or net of tax.  HMRC did not pursue the liquidated company on either question, but – and you really need to suspend disbelief here for a moment, The Times today are under the impression that IF Rangers continued to trade, HMRC would simply walk away, that no penalty clause would be asked for!

Honestly, I have never read anything as purile.  When you fail to pay tax due and it is economically worth their while, HMRC always ask for interest and penalty clauses.  Always.  Even from the Mighty Rangers!

Why, though, is someone peddling this line now?  Why blame HMRC when the facts are so patently clear and readily available?  When I asked someone who has experience of these matters, I was told, “This is a psychopathic denial of responsibility.  Part of a parasitic lifestyle”.  When you look at it like that, the whole thing makes sense.

Click Here for Comments >
Share.

About Author

158 Comments
  1. Pages:
  3. 1
  4. 2
  5. 3
  6. 4
  7. 5

  3. Matt Stewart on

    DessyBHoy

     

     

    Sorry mate, crossed line…he was actually talking to… and I quote…. “Pumpy Trumpy” regarding ‘impeachment deflection”.

     

     

    Bleedin whistle-blowers…totally unreliable….unless they’re blowin whistles…which they’re reputedly quite good at….and drivin cabs.

     

     

    Hail Hail

     

     

    Edward Snowdon!

  4. Rock Tree Bhoy on

    ADI_DASSLER on 14TH NOVEMBER 2019 1:19

     

     

    Managed to hear the ahem….gossip columnist (GC) this morning on RS.To paraphrase the host said something like…when the club were liquidated….and the GC quickly jumped in and said…..the club weren’t liquidated.

     

     

    ________________________________________________________

     

     

     

    ….and just to rub it in Shortbread then had the gall to apologise to the GC for ‘getting it wrong’.

  8. Rock Tree Bhoy on

    BRTH

     

     

    Thanks for the clarification you posted earlier, crystal clear:

     

     

    I have a question though thats puzzled me for sometime, after they went into administration pending Liquidation, one of the first actions by the administrators was to ask the SPFL to approve a contract allowing rangers to re-sign Daniel Cousin,

     

     

    surely even at that stage the administrators would have known that the game was up and it was time to stop rangers from spending money they didn’t have?

     

     

    always thought that was strange one.

  10. dessybhoy on

    Blue tie Mackay, administration no mention of liquidation following administration, for the forgetful amongst the media, administration St valentines day 2012, liquidation Halloween 2012,al via the law courts, what is playing out of Ibrox is Sevco, the governance of football here other clubs and the media are complicit in a coverup for money.

  11. dessybhoy on

    In the verbal report on Stv their reporter did say the club was liquidated, so fair play to him. Too much for Mackay though.

  12. southside on

    SSB “tried really hard to get a tax expert on the show”. Pity. It would’ve stopped them talking absolute shite for the last half hour.

  14. David66 on

    It’s awe HMRC’s fault no.. Ffs

     

     

    Give me strength. What about the other £millions of debt?

     

     

    Can someone remind me? Was it £179 million of debt dumped?

     

     

    D. :)

  16. !!Bada Bing!! on

    SOUTHSIDE on 14TH NOVEMBER 2019 6:38 PM

     

    SSB “tried really hard to get a tax expert on the show”. Pity. It would’ve stopped them talking absolute shite for the last half hour.

     

     

    Death threats to follow follow…

  20. adi_dassler on

    BRTH

     

     

    from earlier.

     

     

    Thanks for another no.messing explanation. IMO Thats whats good about this site when you get contributors like yourself.

     

     

    HH

  21. Back to Basics - Glass Half Full on

    Southside @ 6:38.

     

    …..

     

    SB “tried really hard to get a tax expert on the show”. Pity. It would’ve stopped them talking absolute shite for the last half hour.

     

    ……

     

     

    Good post. I agree with 92% of it.

     

     

    Mind you – I would’ve swapped ‘half’ and ‘hour’ with ‘twenty’ and ‘years’.

     

     

    😜

     

     

    Hail hail.

  25. GreeninbingleyinOslo on

    The Times’ story is just wonderful.

     

     

    Leaving aside the fact that it is five months old, a non-story which Is now being spinned in time-honoured fashion (it is thought… understood to…), meaning there are no new sources, and no new revelations, which in turn makes it an opinion piece, you’ve got to ask – why? Why now?

     

     

    What fresh hell is coming down the pipe for the huns?

     

     

    I don’t go with the notion that this is a deflection away from yesterday’s £2 million further dilution of their shares. There’s no need to deflect from that, because the Scottish media are turning a willing blind eye anyway.

     

     

    If I had to guess, I would suggest that something has suddenly “crystallised”.

     

     

    Shit – fan – hit.

     

     

    I still think we should have bought the bastards in 2012 and renamed them Govan Hibernian.

  29. henrik1967 on

    Why was Sir David Murray never banned from Scottish Football ? It’s all making sense now and IMO it’ll not be long and he’ll be welcomed back with open arms in Scottish Football and no one will bat an eye lid.

     

     

    Will Celtic say anything about a man who lost nearly a billion pounds ? Not a f**king chance especially when they want nothing to do with res 12.

  32. What is the Stars on

    So you have Rangers fans saying its all Lawwell and Celtics fault they died/nearly died/were demoted or whatever…and

     

    You have “celtic fans” ahem cough cough saying its all Lawwell and Celtics fault that they survived/were reborn/ still exist or whatever.

  35. SuperSutton on

    BRTH

     

     

    As incisive and articulate, not to mention educational, as any post you have adorned CQN over the years. Thanks.

  38. FrankTerry on

    I’m glad that Ross has gone to Hibs. Seems like he has the potential to be a good manager and wouldn’t have wanted him to go to sevco once gerrard jumps ship.

  42. The Blogger Formerly Known As GM on

    As I thought would happen, the BBC are now running with it on their main news page under the pretence of ‘A story in The Times says….’ The rest of the SMSM will now follow (follow). The fact it was planted in The Times gives it an air of (false) credence.

     

     

    Never ask what or how. Always ask why, why, why. Why now?

     

     

    ‘Psychopathic Denial of Responsibility’ seems naive to me.

     

     

    Something is afoot.

  1. Pages:
  3. 1
  4. 2
  5. 3
  6. 4
  7. 5