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The bad news just got better!

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Electric Blue

Post subject: The bad news just got better!

Posted: Wed Jul 20, 2005 1:43 pm

Ken Hunter

Joined: Tue Mar 01, 2005 8:12 am
Posts: 10076

We may get off this taxation bizzo yet!

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marciblue

Post subject:

Posted: Wed Jul 20, 2005 1:44 pm

Rod Ashman

Joined: Mon Feb 28, 2005 8:36 pm
Posts: 2960
Location: Oak Park

Please elaborate EB! I am still on a high about the three re-signings and this would really lift spirits further

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AGRO

Post subject:

Posted: Wed Jul 20, 2005 1:47 pm

Alex Jesaulenko

Joined: Mon Feb 28, 2005 4:00 pm
Posts: 24655
Location: Kaloyasena

Yeah please elaborate Electric Blue or I will change your avatar to "Johnny Depp".

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Bluebernz

Post subject:

Posted: Wed Jul 20, 2005 1:48 pm

Harry Vallence

Joined: Mon Feb 28, 2005 1:12 pm
Posts: 1291
Location: Sydney

EB, when it comes to anything you say I don't know what to believe!

Out with it ya TEASE!

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Electric Blue

Post subject:

Posted: Wed Jul 20, 2005 1:52 pm

Ken Hunter

Joined: Tue Mar 01, 2005 8:12 am
Posts: 10076

the loophole is growing as we speak.

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molsey

Post subject:

Posted: Wed Jul 20, 2005 1:53 pm

Geoff Southby

Joined: Tue Mar 01, 2005 7:43 am
Posts: 5175
Location: Corner of Queen and Collins

We've just liquidated the social club? Sold it to mathieson?

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Electric Blue

Post subject:

Posted: Wed Jul 20, 2005 1:53 pm

Ken Hunter

Joined: Tue Mar 01, 2005 8:12 am
Posts: 10076

Bluebernz wrote:

EB, when it comes to anything you say I don't know what to believe!

Out with it ya TEASE!

WHat have I ever said thats wrong?

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dannyboy

Post subject:

Posted: Wed Jul 20, 2005 1:57 pm

Ken Hunter

Joined: Mon Feb 28, 2005 11:12 am
Posts: 10414
Location: Coburg

you say we cheated and we never did - well I didn't anyways!
signed Charlie.

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Electric Blue

Post subject:

Posted: Wed Jul 20, 2005 2:00 pm

Ken Hunter

Joined: Tue Mar 01, 2005 8:12 am
Posts: 10076

dannyboy wrote:

you say we cheated and we never did - well I didn't anyways!
signed Charlie.

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Oompa loompa doompety dee
If you are wise you'll listen to me

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Bluebernz

Post subject:

Posted: Wed Jul 20, 2005 2:07 pm

Harry Vallence

Joined: Mon Feb 28, 2005 1:12 pm
Posts: 1291
Location: Sydney

Well if what you're saying turns out to be true, I'll believe everything you say from now on. :wink:

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When Dick became President, it was as if everyone at Carlton came out of the hailstorm and into the sunshine - Stephen Kernahan

YARRAN!!

.

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TruBlueBrad

Post subject:

Posted: Wed Jul 20, 2005 2:44 pm

Stephen Silvagni

Joined: Tue Mar 01, 2005 9:27 am
Posts: 28528
Location: Free Beer!!

FFS EB, out with it :evil:

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Deano Supremo

Post subject:

Posted: Wed Jul 20, 2005 5:08 pm

Alex Jesaulenko

Joined: Sun Feb 27, 2005 6:31 pm
Posts: 24457
Location: Heartbroken

Is your Dad a tax commissioner?

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phoenix johnson

Post subject:

Posted: Wed Jul 20, 2005 5:10 pm

John Nicholls

Joined: Tue Mar 01, 2005 3:10 pm
Posts: 9404
Location: Back 50 of the Tiger Den

Is your Dad Grant Thomas?

:wink:

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Deano Supremo

Post subject:

Posted: Wed Jul 20, 2005 5:25 pm

Alex Jesaulenko

Joined: Sun Feb 27, 2005 6:31 pm
Posts: 24457
Location: Heartbroken

Is your Thomas Grant's Dad?

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Orangewhip

Post subject:

Posted: Wed Jul 20, 2005 6:14 pm

Craig Bradley

Joined: Thu Mar 31, 2005 9:00 am
Posts: 6154

Deano Supremo wrote:

Is your Thomas Grant's Dad?

You have provided an image I'm scared to share.

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fevolaaaa

Post subject:

Posted: Wed Jul 20, 2005 6:17 pm

Rod Ashman

Joined: Mon Feb 28, 2005 11:08 pm
Posts: 2585
Location: Hoppers Crossing

Something to do with:

Quote:

But to avoid paying the back taxes, the Blues will have to prove money generated from their social club at Optus Oval was not for profit but was for community use by way of maintaining and improving their former home ground.

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Synbad

Post subject:

Posted: Wed Jul 20, 2005 9:40 pm

Bruce Doull

Joined: Mon Feb 28, 2005 11:27 am
Posts: 33188
Location: In the box.

Sounds like a Big Jack loophole to me...

Seriously.. just wind up the Social Club and get rid of it... and give the ATO nothing!!!!!

Its not like we need a social club anymore.. we can easily restructure through the footy board.

They have indemnity cover anyway....

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Rod Waddell

Post subject:

Posted: Wed Jul 20, 2005 10:30 pm

Harry Vallence

Joined: Thu Apr 28, 2005 10:49 am
Posts: 1651

Deano Supremo wrote:

Is your Dad a tax commissioner?

Or is Michael Carmody a Carlton supporter?

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The Vet

Post subject:

Posted: Thu Jul 21, 2005 7:55 am

Harry Vallence

Joined: Mon Feb 28, 2005 11:24 am
Posts: 1217
Location: Melbourne

Synbad wrote:

How was the money distributed to the Football Club?

Loans? or

dividend?

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and I,
I took the one less travelled by,
and that has made all the difference."

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marciblue

Post subject:

Posted: Thu Jul 21, 2005 10:02 am

Rod Ashman

Joined: Mon Feb 28, 2005 8:36 pm
Posts: 2960
Location: Oak Park

Good point Synbad, just wind it up.
As with the other Melbourne based clubs just operate a social club and gaming interests directly under the umbrella of the footy club. Whilst not a core business they are successful ventures and would not compromise the viability of the footy club and would be definitely tax exempt.

I still believe given the uncertainty of the tax ruling on structures such as this (this goes back as far as 1997) the club was derelict in its duty by not budgeting and accruing for this possible expense and setting aside reserves to meet any obligations that might arise if a ruling such as this eventuated. This would've been the appropriate, prudent course of action to take.

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