Real Madrid and Barcelona: Buying Spurs Gareth Bale and other stars is part of a tax scam?
THIS tax story is really getting out of hand: they’re insisting that Real Madrid and Barca are tax scams now:
Those four are Real Madrid and Barcelona, who also take around 50 per cent of La Liga’s total television revenue for themselves, as well as Athletic Bilbao and Osasuna. They have been permitted to retain their status as sports clubs, owned by their members, and to add insult to injury for the rest, the Government refused to disclose how much debt the four owed to the Spanish purse.
……
As well as being treated as not-for-profit organisations, the four exempted clubs benefit under corporation and property tax laws.
Jeebus. They’re treated as not for profit organisations because they are not for profit organisations. This is pretty simple to understand really.
We don’t tax Oxfam in the same way that we tax BP. We don’t tax supporter owned football clubs in the same manner we tax for profit shareholder owned football clubs.
And when people start blathering about how not charging a profits tax to a not for profit organisation is giving them an unfair advantage then clearly and obviously everyone’s lost their heads over this damn tax story.
What’s even more hugely amusing than this particular stupidity is that there’s not any profits to tax anyway.
Posted: 7th, August 2013 | In: Money, Sports Comment | TrackBack | Permalink
