W
WasStefan
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Could this have wider implications for us? news breaking in Europe that his premises are being searched by police.
When one considers how much money he’s earned it makes one wonder why such rich folk want to keep hold of it all (should he be found culpable). Fair play to JK Rowling as a good example of someone with more money than they know what to do with.Could this have wider implications for us? news breaking in Europe that his premises are being searched by police.
haven't his premises been searched before? pretty sure this has happened in the last few years already
Lazy journalism linking this to impacting on us coming up in the next hour
Okresh beat them to itLazy journalism linking this to impacting on us coming up in the next hour
I really don’t think Gestifute is one man. Fosun own 20% so I wouldn’t have thought they paid multi-millions for a one man band......... And if Jorge get found guilty, gets used as an example and goes to prison we assume that his incredibly successful business stops? Or do we think that one of his underlings just steps into the breach and takes over?
In general, yes. As long as we’ve paid him properly then as you say, nowt to do with us.Nothing to do with Wolves...
As good as Neto has surprisingly turned out, that deal was really sketchy. I wouldn’t be surprised if that’s involved somehow.
Dr Tony and the bloke at Leeds are sat in Costa, big cheesy smiles telling anyone that listens, "told ya"
How do you know the deal was sketchy, and what do you mean by sketchy?As good as Neto has surprisingly turned out, that deal was really sketchy. I wouldn’t be surprised if that’s involved somehow.
I really don’t think Gestifute is one man. Fosun own 20% so I wouldn’t have thought they paid multi-millions for a one man band.
Ah, you were being rhetorical. Im such a dumbassMy point entirely.
There is a major European crackdown on tax avoidance and the use of offshore companies. Everybody in football pays tax on their earnings. But the global earnings of image rights and sales etc has caused the tax people to look at world wide income.
One anecdotal example ...an Argentinian or a Portuguese plays in spain...he sold his image rights to an offshore company even before he moves to Spain.. the offshore company licenses a boot design for sales in Mexico ...are the Spanish authorities entitled to tax from the footballer in Spain on the earnings from boot sales in Mexico earned by the offshore company.? The idea of tax on offshore income is the heart of the issues with many variations..
Right now there is a war on offshore companies and companies like amazon and google who make profits in cyber space but are registered in eg Ireland.
In a former life I used to be a tax accountant and all I am trying to say is this is very complicated indeed and involves lawyers , accountants and various jurisdictions. The old idea that you pay tax on your earned income in your country of residence and not on overseas income is long gone and the tax authorities have been after other income aggressively...imagine a Colombian pop singer had a baby in Barcelona for a Barcelona player....the tax authorities claimed she spent more than six months in Spain was now resident and liable to tax on her world wide income...WaKa waka I say.
Two universal laws:
1) Energy cannot be created or destroyed
2) Wolves fans can never be happy for long.
if the implication is Mendes has been aiding monye laundering /tax evasion for his clientsJorge Mendes is not employed by Wolves. Portuguese authorities have no jurisdiction outside of Portugal. Fosun are just one of several investors in Gestifute. I don't see how Wolves can be impacted by this.
I thought we had put to bed the Neto/Mendes favour myth? Seems not
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if the implication is Mendes has been aiding monye laundering /tax evasion for his clients
then that may mean they also start looking at all his clients which could affect us, particularly as most or our players and manager who are linked to Mendes have played/managed in Portugal in the past and would have been liable for tax there.
Nothing to suggest any of them are involved or done anything wrong but potentially they could get caught up in any investigation
Spiers is probably creaming himself at the thought of having a dig at Fosun and Mendes.I am dreading the next wolves based podcast
"Tim, do you think Mendes being brought in on suspicions of money laundering will dampen our top four chances or our goal of bringing in Ruben Diaz?"
Tax avoidance is very different to tax evasion. The example you give is tax avoidance... and while frowned upon by some, is entirely legal.
Tax evasion is using illegal methods to not pay tax that is legitimately due.
I have no idea what Mendes is being accused of, so won't comment any further.
Edit: being an ex-accountant, you obviously already knew the difference.