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Is there something immoral about this ;-)
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Surely the sponsors had to pay a massive amount to be sponsors though? Did they avoid £1m in tax but have to pay £2m to be a sponsor for example? -
There was always going to be backhanders and crap like this going on with so much money at stake. I don't like it but it was going to happen. What bothers me more is that they estimate 2% of athletes will disappear before their visas expire in 2 months. The Conglese boxing team and another African boxing team have already dropped off the radar. I will be seriously pissed off if they don't deal with this quick and hard.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by Clare@InTouch View PostSurely the sponsors had to pay a massive amount to be sponsors though? Did they avoid £1m in tax but have to pay £2m to be a sponsor for example?Comment
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Originally posted by northernladuk View PostThere was always going to be backhanders and crap like this going on with so much money at stake. I don't like it but it was going to happen. What bothers me more is that they estimate 2% of athletes will disappear before their visas expire in 2 months. The Conglese boxing team and another African boxing team have already dropped off the radar. I will be seriously pissed off if they don't deal with this quick and hard.Comment
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Originally posted by Clare@InTouch View PostSurely the sponsors had to pay a massive amount to be sponsors though? Did they avoid £1m in tax but have to pay £2m to be a sponsor for example?Comment
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Originally posted by BenDover View PostI have no answer to that but the point I am trying to raise is that, why should the UK have to offer a tax break in order for them to ensure a successful bid? Not only that but they are about to offer the very same for the 2014 Commonwealth games?Comment
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Originally posted by Nathan SJD Accountancy View PostHmmm... If I had to guess, maybe its 'common practice' when bidding to give tax breaks.Comment
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Originally posted by Nathan SJD Accountancy View PostHmmm... If I had to guess, maybe its 'common practice' when bidding to give tax breaks.
Sponsors urged to waive Olympic tax breaks worth tens of millions - Other events - Olympics - The Independent
(Paragraph 6)Comment
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Originally posted by captainham View PostNot so much 'common practice' but more a case of "The IOC insists on it". You want to bid, you need to offer tax breaks.
Sponsors urged to waive Olympic tax breaks worth tens of millions - Other events - Olympics - The Independent
(Paragraph 6)
Its is madness how they justify it.Last edited by Nathan SJD Accountancy; 15 August 2012, 11:05.Comment
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