At time when the country is tightening its belts....

[Common as Mook]

.... And the tax activities of countless businesses and individuals is under scrutiny..,.

Man Utd register themselves as a Cayman entity. Classy. I wonder if the media will kick up as much of a shit storm as they have with Vodafone etc?

 

[itszamora]

I presume they will be going to play in the Cayman Islands league, then?

 

[BadFish]

I presume they will be going to play in the Cayman Islands league, then?

We can only hope

 

[Lord Bracknell]

... and they're selling shares on the New York Stock Exchange.

 

[JamesAndTheGiantHead]

So Wayne Rooney, Rio Ferdinand, Chris Smalling and Danny Welbeck are the only English aspect of that club now?

Shit, nearly forgot Michael 'Game changer' Carrick.

 

[Deleted member 22389]

People need their heads testing, if they think they are going to make any money buying shares in Man Utd. I would like to be proved wrong.
I presume Man Utd can now go and buy more players with money they don't really have?

 

[slinky]

or is it to do a jimmy carr? Pay less tax

 

[Badger]

Talking of Man Utd, does anyone else get annoyed by the new DHL advert where they cream themselves over Man Utd? I assume they are targeting the the plastic fans market when it comes to parcel delivery, I can't say it's made me want to use them.

 

[Dave the OAP]

or is it to do a jimmy carr? Pay less tax

That was my first reaction. So if they are employed by a company based in the cayman islands are they subject to British paye?

 

[KZNSeagull]

That was my first reaction. So if they are employed by a company based in the cayman islands are they subject to British paye?

They should be, yes. The payment of tax is based upon where you were domiciled in a tax year, not where the company is based. I think.

This sounds more like a move by Man Utd the company to pay less tax. Maybe.

 

[Gritt23]

This sounds more like a move by Man Utd the company to pay less tax. Maybe.

Indeed.

Maybe the Glazers become residents out there as well, then they would be able to take their money out of the club tax free as well.

 

[Common as Mook]

The tax dodging isn't getting much press. I wonder why?

 

[El Presidente]

The tax dodging isn't getting much press. I wonder why?

Because they don't make much profit, and so don't pay much tax in the first place.

 

[catfish]

It would seem that the money raised by this is going towards paying off their debts - which were loaded onto the club when it was bought by those well known footy fanatics the Glazers.

 

[Acker79]

The club is 425m in debt despite spending over 500m in repayments, fees and interest. And yet their fans are quick to point to man city and chelsea buying success.
Manchester United tackle debt by floating on New York Stock Exchange | Football | The Guardian