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The Supreme Court has ruled in favour of the taxman in a legal battle with the Scottish football club Rangers. More than £47 million was paid to players and club officials through “employee benefit trusts”. The club argued the payments were loans but the court ruled they were taxable earnings. The judgement could mean many…
Alex Thomson
A tax avoidance scheme allowing some Rangers players and staff to receive millions of pounds without paying income tax is ruled within the law – but the authorities are considering an appeal.
Alex Thomson
Rangers goes to the heart of how we wish to live and be governed in sport, culture, business and politics too. Do we want rules that are applied to governance? Or do we simply want to drift along in the casino world?
Alex Thomson
Channel 4 News Chief Correspondent Alex Thomson speaks to former Rangers director Hugh Adam.
Alex Thomson
Alex Thomson on the several hundred emails he received from Rangers and Celtic fans about Ranger going into administration.
Wage cuts of up to 75 per cent have been negotiated with Rangers players which will help to allow the Scottish club to fulfill this season’s remaining fixtures.
As Rangers play their first match since going into administration, Scottish football journalist Graham Spiers writes for Channel 4 News and says the next few weeks will be “grisly” for the club.
Alex Thomson
Whilst Rangers FC were busy winning titles and silverware the entire basis upon which they paid many players and executives should have attracted income tax and did not do so.
The Scottish Premier League champions, Rangers Football Club, lodges administration papers as it awaits the verdict of a £49m tax tribunal.