Look, when you have a business you can live off the expenses claim especially in a big concern like a football club so no need to avoid tax etc. My business was small fry compared but the business paid for my car plus then paid for insurance, tax, repairs etc.. I used the business credit card to go on holidays abroad, hotel breaks at weekends, restaurants, you name it, only thing I paid out of my income was the mortgage and groceries, now multiply those things on a grand scale of a business turning over millions each year (my business only turned over 1 and a half million). You can have a great time
Not really mate.
You can claim exes, but the rules are pretty strict these days, and if you get caught, you're fu**ed.
Sure you can call your car a "company car" etc, but it's small fry for these fella's.
Then of course, there's the dreaded audit. KPMG do their own audits, as well as HMRC doing audits on LFC.
Besides, old WUM up there has tied himself in knots saying one thing then another.
He's trying to construct some strange narrative and failing miserably because he hasn't got a clue what he's talking about.
I can't for the life of me understand why a (dollar) billionaire would want to take the chance of fiddling exes.
The parent company based in Delaware is almost certainly paying very low tax, but LFC is still subject to UK tax, although previously, profit has been set aside to offset future losses, which is a perfectly legal and encouraged way of doing things.
It was still right there in the accounts though, plain as day.
Although to be fair, old WUM up there started off talking about fiddling the books and got so confused he's now on to tax avoidance.
My point is, and remains, that for an organisation our size, it's almost impossible to cook the books, skim off the top etc
We had this a while back where some fuckwit insisted they kept 2 sets of "books" like it was an old mafia movie