Comment on Podcast Episode 5 – Hibs Takeover ? by Gym Trainer.
September 8, 2014 at 10:43 am
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Gym Trainer says:
September 8, 2014 at 9:52 am
Gym, re. SA tax laws on foreign investment – How many assessments of evasion were cited by SARS – 322? I wonder if the deal King cut when pleading guilty on 41 counts of tax evasion allowed him to retain some of the assets he’d off-shored. It’s clear that he’s just as devious and rapacious as the other players in this filleting of football fans money from their pockets. Don’t write him off, even if he should be banned from being a director of a company in this country.
I don’t disagree with your sentiment blu – but it seems to me that Dave King (Natural Person) could only invest £230k per annum without attracting (unwelcome?) scrutiny by SARS, but the Dave King Corporation (a company) could do £28.9 million – absolutely not saying he will but it does offer him a route (although SARS are a lot more interested in any transaction that involves significant moves of capital…)
Podcast Episode 5 – Hibs Takeover ?
Don’t judge me gents – but I’ve been reading the Foreign Investment section of the Reserve Bank of South Africa’s Handbook which you will find here -> https://www.resbank.co.za/RegulationAndSupervision/FinancialSurveillanceAndExchangeControl/EXCMan/Section%20O/Section%20O.pdf
Section 6.1.1 covers “private individuals (natural persons) who are tax-payers of good standing” who are allowed to invest up to ZAR 4 million per annum.
Section 18.104.22.168 covers investments by companies – they’re allowed up to ZAR 500 million per annum without condition more if they fulfill certain tests…
ZAR 4 million is about £230k today
ZAR 500 million is about £28.9 million today
Maybe, just maybe an investment could come from South Africa – as part of a corporate transaction?
I mean – in my opinion one would need to be fantastically financially endowed or fantastically dim to do it – but the possibility exists…
September 5, 2014 at 11:31 pm
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Anyone got a calculator to work out the following sum.
£1.2m minus £1m minus £.5m minus £.625m minus x, where x equals an unbudgeted liability.
Round numbers they’d be £1m plus x overdrawn.
September 2, 2014 at 12:58 am
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Can you guess from where I stole her name?
Is it just from the school of hard knock(er)s?
THAT Debate, and the Beauty of Hindsight
STEVIEBCAPRIL 21, 2017 at 20:42
Wouldn’t you want Minty up first ?No chance of running out of time to question him thoroughly.Everyone else can feel a bit more relaxed / forthcoming, as Minty is the one being singled out for prodding with a stick ?
You’re too young, Ironside is what you need to study… It always goes down to the wire until the last minute piece of evidence (wielded by the wheelchair-bound Ironside) is unearthed to save/convict the accused.
Minty used to be in metals… and lost his legs… the parallels are uncanny
THAT Debate, and the Beauty of Hindsight
ALLYJAMBOAPRIL 10, 2017 at 20:26 >> 1) How much Regan sounds like that other Yorkshireman, Charles Green
Hold on just a cotton-pickin’ minute! Regan is from County Durham, from his accent he sounds to me more like he’s from the East Durham coast (Seaham, Easington, Peterlee). I’d gladly suggest he was a Yorkshireman, but only to assuage my guilt (I hail from County Durham too).
That way your single issue and our multiple issues can be dealt with to EVERYONES satisfaction and we move towards fixing this game of ours.
Repairing would probably be a better term…
redlichtie 21st February 2016 at 11:47 pm #How about “The SFM Engine Room Subsidiary Event’?
Those who elect not to attend could then be descibed as not being ERSEd…
The SFM Engine Room Scribblers Event works for me too.
Scottish Football needs a strong Arbroath.
Does that mean that anyone speaking there (especially as they leave) will be talking out of their ERSE?
ThomTheThim 16th February 2016 at 2:06 pm #Ask Clyde FC,
Clyde FC’s error appears to be that they followed the rules and clyped on themselves. Not that they didn’t pay HMRC at all, that they paid them late. The SFA will be making a rod (flexible when they want it to be) for the space where their backbone should be if they penalise Clyde FC heavily – so I fully expect Clyde FC to get the maximum punishment allowable.