BusinessPeople In BusinessOwn goal for Arsenal

Own goal for Arsenal

Henry

Flicking through the sports pages of the nationals at the weekend, TS was intrigued to come across stories regarding Arsenal’s tax bill.

The Gunners have been using employee benefit trusts, which allowed them to give employees interest-free loans and offset them against profits, and were recently ruled illegal by the House of Lords in the Dextra case.

One correspondent said: ‘Arsenal is worried that foreign nationals can ultimately avoid UK tax if they move abroad, a factor that may influence players when they consider their futures.’

Given the apparent dearth of homegrown talent that is blighting the game, some might say that is one of the greater benefits of the government’s tax clampdown.

It has also given Thierry Henry the perfect excuse to move to Barcelona in search of a Champions League medal.

Related Articles

Colin: Is the grass greener in commerce, rather than practice?

More News Colin: Is the grass greener in commerce, rather than practice?

1y Stephanie Wix, Writer
Colin: World markets are 'Trumped'

Governance Colin: World markets are 'Trumped'

1y Stephanie Wix, Writer
Taking Stock: Life’s a puzzle for Ben Affleck in The Accountant

People Business Taking Stock: Life’s a puzzle for Ben Affleck in The Accountant

2y Taking Stock
Taking stock: Accountant film trailer has little Hart but big Johnson

People Business Taking stock: Accountant film trailer has little Hart but big Johnson

2y Taking Stock
Colin: New HMRC CEO 'parachuted' in

People Business Colin: New HMRC CEO 'parachuted' in

2y Taking Stock
Taking Stock: 'Application' for top HMRC job released

People Business Taking Stock: 'Application' for top HMRC job released

2y Taking Stock
Taking Stock: Affleck looks to UK for The Accountant inspiration

People Business Taking Stock: Affleck looks to UK for The Accountant inspiration

2y Taking Stock
Colin: End of Homer's HMRC Odyssey

People Business Colin: End of Homer's HMRC Odyssey

2y Taking Stock