The SPL yesterday released a statement concerning the Employee Benefit Trust payment Celtic made in 2005 to Juninho, in response to what sounded like unfounded allegations made earlier this week.
The league noted, “we have seen reports regarding an EBT in relation to a former player of Celtic FC. The SPL has investigated the arrangements and documentation in that case and has determined that there is no evidence of any breach of SPL Rules”.
Many good employers have understood the benefit of assisting individual members of staff during times of crisis or personal hardship. One very practical way of doing this is to lend them money, which happens in businesses up and down the country every day. When the nature of these transactions involve either a company of sufficient size, a lengthy repayment period, or a high value loan, a formal structure is needed to establish the terms of the transaction, not only for the benefit of employer and employee, but also for the tax authorities – who authorise tax-free payments of this kind.
These tax rules were not established to allow wealthy individuals to escape their social duty.
Not long after Rangers first operated an Employee Benefit Trust Celtic were approached and offered consultancy to establish a similar scheme. The promised benefits were huge, vast quantities of cash would no longer go to HMRC and would be freed up to spend on new players.
Celtic were not convinced.
Loans would need to be repaid and if not, contractually binding transactions would need to be documented in accordance with SPL and SFA rules, and this very documentation would make them liable for tax. For Celtic, EBTs could only be used in limited circumstances, would be unable to deliver a significant impact on the business, and would introduce a further layer of professional costs.
“How can these work?” That was the question. How on earth can a club pay millions of pounds into a Trust none of which is contractual? Players, and their agents, like to have things written down. If you write it down and inform the authorities, you’re taxed on it. Celtic were not prepared to enter any written agreement and not declare it to their auditors, HMRC or the football authorities.
What was the cost of this principled stance?
In season 2004-05 former World Cup winner, Juninho, arrived at Celtic from Middlesbrough on a straightforward contract, his only contract with the club, which was correctly registered with the football authorities. He only lasted eight months before agreeing to terminate his deal. Celtic made a payment of around £750k into an EBT the player had from before his time at the club.
Celtic informed HMRC of the details of their EBT transaction with Juninho and were told this was regarded as income, not a loan, and that they would need to pay tax. Celtic then paid tax due on top of the £750k which went to Juninho. It was a pointless and expensive exercise for Celtic, but they dealt with it honestly and openly.
The club’s understandings of EBTs from five years earlier were confirmed, this was not a way to avoid taxation by filtering part of a player’s income away from PAYE. Board members of any other club which understood how to make this work were clearly a lot smarter than our guys. They were also able to buy players and win leagues while our board were hammered daily for their prudent values.
I bet directors at that other club are sounding pretty contrite now, humbled by the emerging news. There will be no self-serving vainglorious rabble rousing.
Far from Celtic being subject to criticism on this matter, scrutiny of their actions will only reveal the stark cost of following the rules when others don’t.
Congratulations to the campaigners who for 23 years sought Justice for the 96. We all watch the game in a safer environment because of the loss endured by the families bereaved at Hillsborough. Yesterday’s report condemns the actions of many: some senior police officers, sections of the media, one or two of who should never work in the industry again, and a former MP, whose actions were truly appalling, and who remains a knight of the realm, but those running the game, those responsible for Health and Safety standards, and various governments have a responsibility to bear.
Dangerous crushing inside and outside football grounds was a fact of life in the 1980s, including at the Janefield St entrance to Celtic Park.
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BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
02:08 on 14 September, 2012
His platform is a lot larger than his Adversary. Always will be and that is why he has luxuries and benefits.
Employment Benefit…. and that Unbeatable Banzooki of a word……..TRUST.
Truly Masonic/ Orwellian. Black is White, the checker board.
The Scottish Game is corrupt and it is being probed from all angles. I don’t doubt every other League is being subjected to the same manipulations.
Celtic is about Defeating and Conquering impossible odds. Roll on this Champions League campaign.
We Can Do it.
We need a bit of Luck and Sammi back ASAP.
I will be happy if we drop into the Europa League but I honestly feel we will be competing for the top spot in this Group. It would probably be better if we sneaked through by a late goal.
Barca’s invincibility will drop now Xavi is waning. Let’s hope we don’t upset them at the Nou Camp as I would rather get 3 at home after they strolled to a comfy win at the NC.
Here is the man that changed my view of life.
This is from another disinformation site and because it is from there it is buried quickly. ;))
http://www.abovetopsecret.com/forum/thread880649/pg1
Click the links.
James Forrest, please delve deep into William Milton Cooper, especially as you watched the Bohemian Grove movie by Alex Jones.
Tiocfaidh ar la
Cooper was taken out right after 9/11 for a reason.
I have “Behold a Pale Horse” I actually bought 2 copies years ago and gave one away. That was the mentality. I have looked at the book deeper since and not the text within the book but the advertisements in the pages at the back. It is the exact people Cooper is warning about that have bought up and are distributing his book after his death.
BMCUW…..glad you got out of the black hole. Microsoft : making you work for them. No wonder Gates is the richest geek on the planet.
>>>>>>
Wonkyradar…..thanks for the replies re. philosophy. These days it’s all metaphysics to me. When you have less in front of you than behind you, and you have actually seen behind the veil , as I did in 1975 in The Royal Infirmary , it all tends to concentrate the mind wonderfully.
>>>>>>
BRT&H : The tragedy of Hillsborough will echo down the generations. Even as the freshly aired horror of the cover up is still being processed, the likes of (Sir) Norman Bettison is trying to twist his way out of any responsibility; that makes a tearing, screeching sound effect in my mind. Some of these people at the top seem barely human to me. A different species altogether, something truly awful, epitomised by the then P.M. Thatcher, standing, hideous, at the apex of the grotesque and slimy pyramid.
Here is the Tube about the Drunkard Cooper.
http://www.youtube.com/watch?v=zrTjPGy2k_U
miki67
Hiya m8
What is going on? you got some tracks?
Or want to talk about philosophy?
There are still genuine day to day mysteries out there. One of the most simple is ,”Why am I me ?”
There is no answer. It is one of life’s impenetrable mysteries.
Scientists can accurately describe the chemistry and mechanism of consciousness, but no one can, or ever will, explain why ,or how,your particular consciousness comes into being in your particular brain and body.
There is a symmetry and order to the apparent chaos of the universe that is simultaneously staggeringly beautiful and terrifying.
When hard headed physicists, witnessing events at the quantum level, start talking about ‘god’, you know that what they are seeing is inexplicable, requiring faith : that is at odds with evidence based science, but there it is.
I neither believe, nor disbelieve. I am human, and I have faith that as I observe the universe, it observes me.
We exist, we have consciousness, in order that the universe can observe itself.
Without consciousness the universe would be a seething sea of wave particles.
http://www.youtube.com/watch?v=YHjVIBDYgXg
I’ve just downloaded ‘Behold A Pale Horse’. It’s freely available on the net,now.
HH.
The more I read about this gonky knight of the realm (Sir) Norman Bettison, and the fact he is still unrepentant, still trying to diss the dead, maimed and injured of Hillsborough, the more crimson toned my thoughts are getting. This ugly excuse for a human needs brought down…fast. I don’t give a flying whatsit about the ‘degree’ he has corrupted his way to in The Brotherhood…his fellow lujjers need to get a grip of him and teach him some humility.
But I forget myself : they don’t give a monkey’s. So long as their dirty little secret circle of abusive practices is intact, they are content.
RevolutionRequired CSC
Alone again….naturally. With the tumbleweeds and visions of a beautiful desert sunset.
Or is it the nuclear bloom of Hunageddon?
: > )
Zzzzz….
I’m still here.
Tell me more about consciousness, what do you think it is?
“The press, or at least most of it, has lost the passion, the outrage, and the sense of mission that once drove reporters to defy authority and tell the truth.” – Chris Hedges
Consciousness : I think,therfore I am. Self awareness. A sentient being’s experience of passing through the time and space it inhabits.
The philosophy of mind has given rise to many stances regarding consciousness. Any attempt to impose an organization on them is bound to be somewhat arbitrary. Stuart Sutherland exemplified the difficulty in the entry he wrote for the 1989 version of the Macmillan Dictionary of Psychology:
Consciousness—The having of perceptions, thoughts, and feelings; awareness. The term is impossible to define except in terms that are unintelligible without a grasp of what consciousness means. Many fall into the trap of equating consciousness with self-consciousness—to be conscious it is only necessary to be aware of the external world. Consciousness is a fascinating but elusive phenomenon: it is impossible to specify what it is, what it does, or why it has evolved. Nothing worth reading has been written on it.[8]
Most writers on the philosophy of consciousness have been concerned to defend a particular point of view, and have organized their material accordingly. For surveys, the most common approach is to follow a historical path by associating stances with the philosophers who are most strongly associated with them, for example Descartes, Locke, Kant, etc. The main alternative, followed in the present article, is to organize philosophical stances according to the answers they give to a set of basic questions about the nature and status of consciousness.
Philosophers and non-philosophers differ in their intuitions about what consciousness is.
>>>>>>>
I bumped the above from the net.
I can only speak to my own experience.
HH.
See…..you could drive yourself bonkers with it all. Until you are UNconscious with the brain strain of it all.
Been there,done that. Got the scars.
http://en.wikipedia.org/wiki/Consciousness
Bedtime for philosophical hoboes like me everywhere.
21st.CenturyRagamuffins CSC
miki67
04:16 on 14 September, 2012
Consciousness : I think,therfore I am. Self awareness. A sentient being’s experience of passing through the time and space it inhabits.
I am sure I read Auldheid commenting this previously. Same teacher?
Or Am I totally wrong?
Bobby,
Have lots of fun punching in names all night.
http://www.gematrix.org/
My Son is 588. ;)
Consciousness, lyrics, Schadenfreude and the meaning of life all explained at once…
http://www.youtube.com/watch?v=sTSA_sWGM44&feature=related
Margaret McGill
A belated Happy Birthday Ms McGill.
Jive to this proper sonic.
http://www.youtube.com/watch?v=gC1xuVCBl4o
Beats the gangsta rap fosure.
MARGARET McGILL
Aye,Happy Birthday from t’other day-I thought you might have logged on to give us drunken celebratory rants later that night,but obviously you were unconscious,sorry,I mean,overwhelmed by the occasion!
Morning all!
Off to do some grape picking – and start the process of making wine!
Smashin’!
BMCUW
Hope you have been able to sort out your email problem!
HH!!
Morning and happy Friday Celts.
Margaret I’d like to add a belated happy birthday to Petecs, as the best hen!
HH
aw
I hope naebody asks whit age the lassie is.
My Dear,Dear Petec….
Rather concerning news that Our Holy Father still intends to carry through with his Visit To Lebanon….Later Today..
Talk About ‘Daniel’ Walking Into The “Lions’ Den”.
Particularly concerning is the fact that Lebanon is controlled by Iran’s main ‘proxies’ and allies….Hezbollah.
This ‘Outrage’ in the M.E. is certainly being orchestrated….
Most likely,by several different factions pursuing their own agendas..
The US Ambassador was most brutally murdered…
But one worries that the Pope may be the ‘Ultimate Target’ in this Evil Affair….
For those Evil Entities who wish to throw Our World into Chaos….He may provide a near ‘irresistible’ target….
Certainly would fit in with the agenda of A-Jad……and His Nefarious Bunch of ‘Twelvers’….
Given his well-documented outpourings of hatred ,directed at the Holy Father….
And throwing the M.E. into chaos would certainly be to his advantage….
As his country and his proxy allies inch closer to conflict with Israel….
Even as The Sinister Manchurian Candidate clings to power in the White House…
And marvels at the wicked accomplishments he has wrought….
Right Across Our Fragile Blue Planet..
In Four Short Years….
The Holy Father appears caught in the horns of a dilemma….
He gives no thought to his own mortality and perhaps feel that he must carry through with his long-planned pastoral mission ,to His Beleaguered Flock in the M.E.
However….He affords the Enemies Of Our Church and Civilisation the opportunity to make a most symbolic strike….
Which would plunge our World into terminal Chaos….
One has to hope that the Unrevealed Secrets of Fatima….
Give him cause for optimism ?
john anthony
00:22 on 14 September, 2012
…………..
BT is aware and will reply.
HH
Sorry my post last night should be corrected.
Where I mentioned Graham Taylor– that should have read Graham Kelly.
I am clearly getting too old for this and should know to go to my bed earlier.
Apologies one and all.
MIKI67 0310
Not entirely out of the woods yet-they’re still trying to clear and secure my original e-mail address.
Though I have an alternative one,it doesn’t have the info I need. Fingers crossed.
As I said earlier-and will repeat later for those who are in bed at a reasonable hour-grateful thanks for the assistance offered.
Good man,I always said so……..
TALLYBHOY 0633
Not entirely,not as yet.
I’ll text you an alternative shortly.
Hope you’ve washed your feet,yer no’ in Ayrshire noo!
VMHAN 0638
I’d like to know how many times she’s celebrated that particular one-after all,I’ve decided to celebrate my 49th ad infinitum.
Should have made that decision thirty blinkin’ years ago!
If it was me who was the boss at Celtic Park I would do the sporting thing and ask that our game against St. Johnstone was postponed.
I was told by Amazon that there was a three week delay on my copy of ‘Downfall’ being posted, two days later and they e-mail me to say my book has been sent. Good on them.
Scott Brown? Some guy and I’ve always admired him and his attitude but should he walk straight back into the team against Benfica?
Leggatt? What an ambassador for the Orcs, truly a match made in heaven.
Why didn’t Celtic sell overseas season tickets before the league kicked off and don’t they appreciate that many overseas Supporters already subscribe to Celtic TV?
vmhan
thats for the heads up this morning buddy..
I have emailed john anthony already.. O))
Good morning friends and a Big Happy Friday from a slightly damp (in fact, just starting to pour down) and very windy EK.
wonkyradar at 21.19.
Russell determined … I would call that Atheism.
—
The famous radio debate between Bertrand Russell and Fr Copleston from 1948 begins with Fr Copleston asking Russell precisely this question.
Fr C says: “Perhaps you would tell me if your position is that of agnosticism or of atheism. I mean, would you say that the non-existence of God can be proved?”
Russell answers: “No, I should not say that: my position is agnostic.”
This is the basis for my comment earlier in the evening.
What now for the police at football grounds across the UK this weekend?
Outside of government itself are they now publicly confirmed as the most unsuitable public servants we have? Just what is their real purpose?