tax change problems for Lima, Finch and Hoffman! : Mon Dec 20, 2010 4:36 pm  

http://www.dailytelegraph.com.au/sport/ ... 5974123983 did not think we were involved in this off shore stuff well reap what you sow we could end up in bother over this now along with other clubs obviously

http://www.dailytelegraph.com.au/sport/ ... 5974123983 did not think we were involved in this off shore stuff well reap what you sow we could end up in bother over this now along with other clubs obviously

Re: tax change problems for Lima, Finch and Hoffman! : Mon Dec 20, 2010 4:49 pm  

page not found?

Re: tax change problems for Lima, Finch and Hoffman! : Mon Dec 20, 2010 4:49 pm  

Correct Link

Correct Link

Re: tax change problems for Lima, Finch and Hoffman! : Mon Dec 20, 2010 4:51 pm  

Should be quite interesting to see how this pans out, obviously the clubs are not going to prepared to hand over up to 40% premiums above signed contract salaries.

Re: tax change problems for Lima, Finch and Hoffman! : Mon Dec 20, 2010 4:52 pm  

Carneys Cover wrote:

http://www.dailytelegraph.com.au/sport/nrl...r-1225974123983

did not think we were involved in this off shore stuff

well reap what you sow we could end up in bother over this now along with other clubs obviously

I'm pretty sure it has absolutely nothing to do with the clubs, just the players. Not that I'm knowledgeable about this sort of stuff, but I think it was a way for the Aussie players to keep more of the money they earned and pay less in taxes.
It all counts on the salary cap anyway.
The negative for clubs is that they will have to pay more for overseas players and there could be some renegotiating going on.

Re: tax change problems for Lima, Finch and Hoffman! : Mon Dec 20, 2010 5:06 pm  

Cherry.Pie wrote:

Carneys Cover wrote:

http://www.dailytelegraph.com.au/sport/nrl...r-1225974123983

did not think we were involved in this off shore stuff

well reap what you sow we could end up in bother over this now along with other clubs obviously

I'm pretty sure it has absolutely nothing to do with the clubs, just the players. Not that I'm knowledgeable about this sort of stuff, but I think it was a way for the Aussie players to keep more of the money they earned and pay less in taxes.
It all counts on the salary cap anyway.
The negative for clubs is that they will have to pay more for overseas players and there could be some renegotiating going on.

Surely the clubs have the advantage given the players have signed a contract? On that basis I can't see the reason why a club would re-negotiate - the player took a risk on a loophole, it closed - hard luck.

The only implications are the potential raised values of future overseas players. Given the relative changes in exchange rate (UK Pound falling, Aussie Dollar rising), we may be getting to the end of the era of big name imports. Not the worst thing that could happen in my opinion for the long term health of the game - more opportunities for home grown lads to develop.

Re: tax change problems for Lima, Finch and Hoffman! : Mon Dec 20, 2010 5:39 pm  

From 2013 the NRL is going to 18 clubs from 16 as now.
That will mean an extra 50 players required and It wouldn't surprise me if they come raiding SL and Wigan for our best players.
We could end up with almost no quality Aussies coming over and losing some of our best to the NRL.
Then there's Union trying to poach our best young talent.
The RFL and SL need to get ahead of the game on these two problems and resolve matters before they begin to damage RL in the UK.

Re: tax change problems for Lima, Finch and Hoffman! : Mon Dec 20, 2010 6:12 pm  

Father Ted wrote:

The RFL and SL need to get ahead of the game on these two problems and resolve matters before they begin to damage RL in the UK.

About ten years too late for that...

Re: tax change problems for Lima, Finch and Hoffman! : Mon Dec 20, 2010 6:25 pm  

Father Ted wrote:

From 2013 the NRL is going to 18 clubs from 16 as now.
That will mean an extra 50 players required and It wouldn't surprise me if they come raiding SL and Wigan for our best players.
We could end up with almost no quality Aussies coming over and losing some of our best to the NRL.
Then there's Union trying to poach our best young talent.
The RFL and SL need to get ahead of the game on these two problems and resolve matters before they begin to damage RL in the UK.

Ted that sounds like you are a forward thinking strategist. I was going to suggest you should get a job with the RFL but you would never fit in.

Re: tax change problems for Lima, Finch and Hoffman! : Mon Dec 20, 2010 7:16 pm  

sbohan wrote:

Father Ted wrote:

The RFL and SL need to get ahead of the game on these two problems and resolve matters before they begin to damage RL in the UK.

About ten years too late for that...

And in 2021 we'll have just the right plan to counter it!