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 Originally Posted by The Bean Counter
Agree. I would think he could also transfer the asset to the creditor too, or at least let them place a legal charge on it. Same goes for his house in Wimbledon. Maybe property law prevents that, or the creditor wouldn't entertain it. Not my area of expertise unfortunately.
I did half think that maybe this story on HSDB this week wasn't so coincidental though:
https://www.highstakesdb.com/7946-bu...er-losses.aspx
This reminds me, mostly because I don't know shit about this stuff and you maybe do a bit, all these Spanish tax fraud cases against people recently, are those people at fault* or is this just companies being like woo pay less tax, well LEGAL maybe not? I in no way blame a sportsman for this type of shit because it's just someone saying to you you can pay a or b and A<b what do you want to do? This may be wrong but you're more in the business and would be able to correct. In terms of multimillion pound contracts I struggle to see how this isn't true.
*I mean your taxes are your own issue but you get what I mean.
edit - I don't buy the story on that article, I imagine a lot of famous people play decent stakes lose a lot of money and then want it cancelling out. Am I wrong in thinking that this wasn't the rule until recently? It's only since things became more taxable you could do this?
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