the problem is that any profit the club makes is taxed at 30%
And Ashton's transfer would increase that profit big time and there's no point in giving the taxman 30% of it !
Better for the club to hopefully sign some quality players and reduce the size of that profit.
Posted By: Financebod on January 21st 2006 at 21:58:03
Message Thread
- If Ashton goes (NCFC) - Wraith, Jan 21, 21:38:29
- We should bank the cash now and limp on until the summer... (NCFC) - Ben, Jan 21, 21:45:49
- the problem is that any profit the club makes is taxed at 30% (NCFC) - Financebod, Jan 21, 21:58:03
- I'm no tax expert but... (NCFC) - Ben, Jan 21, 22:10:45
- the problem is that any profit the club makes is taxed at 30% (NCFC) - Financebod, Jan 21, 21:58:03
- We should bank the cash now and limp on until the summer... (NCFC) - Ben, Jan 21, 21:45:49
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