Rummenigge told SkySports that Germany’s tax laws make it highly impractical
for Bayern to consider any sale.
‘We thought about what to do if we got a good offer, but only the finance
minister would be happy,’ he said
‘Even if we got €30m (£20m) we can only get the tax back on contracts, so we
will not sell Hargreaves,’ he added.
Rummenigge claimed that a sale price of €30m over four would mean the club
would earn €22.5m (£15.2m) in the first year and would have to pay tax on that.
Hargreaves is currently out injured with a broken leg.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
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