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PostPosted: Wed Jul 20, 2005 1:43 pm 
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Ken Hunter
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We may get off this taxation bizzo yet!

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PostPosted: Wed Jul 20, 2005 1:44 pm 
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Rod Ashman
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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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PostPosted: Wed Jul 20, 2005 1:47 pm 
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Alex Jesaulenko
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Yeah please elaborate Electric Blue or I will change your avatar to "Johnny Depp". :P

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PostPosted: Wed Jul 20, 2005 1:48 pm 
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Harry Vallence
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EB, when it comes to anything you say I don't know what to believe! :P :lol:

Out with it ya TEASE!

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PostPosted: Wed Jul 20, 2005 1:52 pm 
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Ken Hunter
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the loophole is growing as we speak.

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PostPosted: Wed Jul 20, 2005 1:53 pm 
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Geoff Southby
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We've just liquidated the social club? Sold it to mathieson?


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PostPosted: Wed Jul 20, 2005 1:53 pm 
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Ken Hunter
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Bluebernz wrote:
EB, when it comes to anything you say I don't know what to believe! :P :lol:

Out with it ya TEASE!


WHat have I ever said thats wrong?

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PostPosted: Wed Jul 20, 2005 1:57 pm 
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Ken Hunter
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you say we cheated and we never did - well I didn't anyways!
signed Charlie.

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PostPosted: Wed Jul 20, 2005 2:00 pm 
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Ken Hunter
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dannyboy wrote:
you say we cheated and we never did - well I didn't anyways!
signed Charlie.
:D :D

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PostPosted: Wed Jul 20, 2005 2:07 pm 
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Harry Vallence
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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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PostPosted: Wed Jul 20, 2005 2:44 pm 
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Stephen Silvagni
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FFS EB, out with it :evil:

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PostPosted: Wed Jul 20, 2005 5:08 pm 
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Alex Jesaulenko
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Is your Dad a tax commissioner?

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PostPosted: Wed Jul 20, 2005 5:10 pm 
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John Nicholls

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Is your Dad Grant Thomas?

:wink:

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PostPosted: Wed Jul 20, 2005 5:25 pm 
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Alex Jesaulenko
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Is your Thomas Grant's Dad?

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PostPosted: Wed Jul 20, 2005 6:14 pm 
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Craig Bradley

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Deano Supremo wrote:
Is your Thomas Grant's Dad?


:lol:

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


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PostPosted: Wed Jul 20, 2005 6:17 pm 
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Rod Ashman
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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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PostPosted: Wed Jul 20, 2005 9:40 pm 
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Bruce Doull
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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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PostPosted: Wed Jul 20, 2005 10:30 pm 
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Harry Vallence

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Deano Supremo wrote:
Is your Dad a tax commissioner?


Or is Michael Carmody a Carlton supporter?


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PostPosted: Thu Jul 21, 2005 7:55 am 
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Harry Vallence
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Synbad wrote:
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....


How was the money distributed to the Football Club?

Loans? or

dividend?

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PostPosted: Thu Jul 21, 2005 10:02 am 
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Rod Ashman
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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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