The Premier League's Tax Avoidance Scandal
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- Опубліковано 24 чер 2023
- Football is a multibillion dollar business with a multibillion dollar tax bill, and there is no league which is more lucrative or pays more tax than the Premier League and its twenty clubs.
Now world football's biggest and richest league is at the centre of a tax scandal though, accused of having avoided hundreds of millions - if not billions - of pounds worth of tax, predominantly through the structuring of agents' fees and players' image rights deals.
So in this video, HITC Sevens takes a look at those accusations, the counter-arguments, and how likely an impending reckoning might be. - Спорт
The fact that Shell with an annual revenue of 385 billion $ pays less taxes than the PL players with the PL having an annual revenue of ~ 7 billion $ is the real scandal though x)
True but corruption exists
@@Charles-nc6kn I agree but from an outsiders pov it would look dodgy
Mate, they pay less tax than me and you forget millionaire footballers.
@tetrafootball
Maybe because you are using global revenue, not UK? But UK taxes.
Understandable but still not acceptable mistake. Given the media are equally financially illiterate so state the same
@@setokaiba. exactly
Corruption in football!?!? NEVER!
Tax avoidance isn’t corruption you donkey
No way , would never of guessed
The officials are good boys, and today they feel innocent.
Where there's money to be made there always corruption it's a shame but true
Always. So how about fans just enjoy the football on the field and stop stressing about all this other crap?
Will never get over the depth of research in your videos. Well done!
I agree impressive
These are brilliant
not really. the video misses a critical component, which is that on players purchased from abroad, for some strange reason, its the selling club that supports the agent fee in full...
Great video as always. I think you should make one about Argentine football and how much of a mess it is right now, there's 28 teams in the first division and the league format was changed mid-season. I think it'd be interesting to highlight it considering that we're currently world champions but have a disastrous league.
Love these long format mini-docs that you make, most people would drag them out to such a length but I feel like you could add even more info and still not be boring. Keep it up Alfie
Their arguments about why agents should be considered dual representatives don't hold up given, you know, it's not like I can exempt my trade union dues from tax using the same rationale
Yea very dodgy imo
As Oliver Kahn said "Premier league is the SUPER LEAGUE"
Even just mentioning Luton and agent’s fees gets me twitchy about another points deduction coming our way 😅
Hope you guys dont get one would be great to see you have a fair shot
not the best scenario for us to get a mention 😂
Those of us who can't avoid tax have no choice but to lose a significant amount of our earnings that we could really do with in the current financial climate. The ones who can exploit these loopholes CAN afford to pay tax but won't.
And in a nutshell that's pretty much everything wrong with the world isn't it
Big difference between losing 20% and 50% though
@@mcorriette1big difference when the actual value is meaningless to the “higher earners” pockets.
Hilary Clinton tried to shame trump for doing this but he flipped it around saying he did but so did all her supporters and her
@@mcorriette1always one! op rises a great point!
Another fantastically researched piece; saying what needs to be said.
You are doing the traditions of Kingston upon Hull proud! Radical stuff!
Keeping ‘it’ real!
Tax rules are what they are, and it's in a person's or company's best interest to minimize their own liability. Governments put loopholes there on purpose to benefit themselves and their backers/friends/family etc.
The fact that they, and the tabloids, tend to focus their ire on footballers is entirely a class issue. I'm pretty sure you've talked about that before.
What are the chances that clubs and agents are taking advantage of players in issues like this? Often working class, and focused on football rather than education from a young age. They know the tabloids will eat them up as scapegoats
Premier League already making waves and the new season hasn't even started yet🕊
Hahaha!!!I knew about this but I just could not believe why there are no tax scandals in the corrupted Premier League but thanks to good friend Alfie Potts Harmer for his explanation to this topic,good friends!!!:-D
Same I thought surely there would be issues with tax
@@tetrafootball Yeah good friend,but the Premier League would just cover up those stories and claim that they are running the footballing company cleanly but the fact is,they would feel shameful if they would reveal about the tax evasion scandals which would tarnish their reputations!!!#BOYCOTTPREMIERLEAGUE
#BOYCOTTEUROPEANCOMPETITIONS
#BOYCOTTFIFAWORLDCUP
@@depekthegreat359 Unfortunately so
a documentary of Borussia Dortmund and how they were extremely close to bankruptcy in 2002 time and how Bayern had to save them. The extreme difficulties the club has had to manage within to get back to where they are #thepeopleschannel
Give this man his video Alfie.
To think they almost won the league
Bayern werent the only one who helped Dortmund though. There's a rule to every bundesliga team to give some money for club whos struggling financially. Idk about recent rule but back in the day they had that. But yes Bayern are the one who gave the biggest money to Dortmund but it's not true that they are the only club.
@@bimapriambada1098 Thats a pretty cool rule
You keep posting this so often, however Bayern didn't save Dortmund, they didn't give them a massive amount of money
Love your videos. Always very professional, informative and relatable topics. The educated common man. Keep these creative view topics coming.
Really well made video. I’m not very good when it comes to financial stuff like this, but the way you explained it helped me understand everything you were saying
Alfie you are steamrolling videos out and I just wanna say THANK YOU, we appreciate you!!!!❤
Cristiano Ronaldo has literally only ever moved clubs for tax avoidance purposes. He moved to Spain as soon as they lowered their top income tax rate in 2009, then when Spain increased tax on top earners, he immediately moved to Italy who had just reduced their top tax rate, then moved to England to the only club that would agree to his wage demands, and then got off to the depths of society as soon as an opportunity to pay 0% income tax arose.
"literally only moved clubs for tax avoidance"
Proceeds to mention his transfer to England due to wages.
This must’ve taken ages to research! Thank you for tackling a very dry subject that is very important. Do you think the players actually understand all these tax laws and avoidance measures? I would be very surprised if they were fully aware of what’s going on because it’s extremely complicated. Many regular people cannot understand the cryptic acronyms and numbers on their own paycheck in their own language in their own country.
Having said that, I do understand why they are held responsible for anything that has their signature on it.
Thank you very much for the video!
I am always amazed at the lengths ungodly rich people will go to to save a bit on taxes. They could easily afford to pay what they should (like the rest of us) and I doubt Neymar or Messi would even feel the loss af an extra 1mill a year.
ah but why pay more when you can pay less? Feels like that's normalized for the rich. Maybe they even feel that taxes are "stealing" their money or whatever. But as usual nobody cares about the non-rich lol
It’s not tax avoidance though like even you could pay less tax it’s just you don’t have an accountant who knows how to pay less taxes. It’s actually funny to see people react like you because you don’t understand taxes, I don’t understand taxes, we don’t understand taxes because we’re not the HMRC or accountants and yet people like you think you know what these people should be paying when you don’t. They use loopholes created by the HMRC
@@Alphoricit’s funny to see people like you who think hoarding tonnes of cash in an off-shore bank account requires intelligence and skill.
@@tomthomassony8607 the hmrc make rules on taxes yes
Accountants know these rules and how to follow them and so can pay the bare minimum that they legally have to
Normal people don’t know these rules and so pay a lot more than they actually should
But even you could save on taxes if you had an accountant but you’d be paying more for the accountant than you’d save on taxes
Yh it doesn’t require intelligence or skill it requires an accountant like I said. Until you become an accountant I don’t think you can call it tax avoidance because you don’t know the tax rules.
You know professional gamblers don’t even pay any tax because casino winnings aren’t taxed so are they avoiding tax or just using the rules set by the HMRC
@@tomthomassony8607t does because these ppl hide their money so we'll, not even governments can find it
You have man utd registered in cayman islands, tottenham in bahamas and liverpool in Delaware.
How about some investigation into this tax dodging?
Alfie you should really consider doing a video on the Bosnian men's national team, from being ranked 13 in the world in 2014 and qualifying for the World Cup in Brazil, to not qualifying for a single tournament since, yet managing to win their uefa nation leagues group, but genuinely hitting our lowest point with a 2-0 defeat to Luxembourg. Aging players, players who represent other national teams that are eligible to play for Bosnia but aren't seeming interested, just the genuine geopolitical mess that Bosnia is with how the Dayton agreement was meant to simply end the Bosnian war yet became the country's de facto constitution. I think it would make for a very interesting video, and could even span additional videos like how Velez Mostar are forced to play away from their original stadium in Mostar as it is on the Croatian side of the river, with their old stadium being taken over by Zrinjski Mostar. A club that was actually banned in Yugoslavia because of their nationalistic origin.
This has been one the hardest HITC sevens to watch at one go.😂
Day (lost count): The despot president of Bangladesh Football Federation
9:12 voice break
another day another Alfie Banger
facts
Fuck yeah Alfie. Seeing a 29min HITC7s video on PL tax fraud as I’m looking for something to listen to while i do laundry>>>
While I think football agents probably deserve to be taxed a decent amount, 60% of their income is preposterous lol. Not surprised they are utilizing a work-around to pay less
The Canadian Soccer Association might be worthy topic for a future video. 3 years away from cohosting the World Cup; the men’s and women’s national may not be able to play in future international windows. The CSA may even go into bankruptcy. Incompetence and soccer/football go together in Canada just like it does in Europe.
But in Canada football is still a hugely minor sport and have hugely overspent without attracting enough interest
Fantastic video
FOOTBALL, CORRUPT ? WHO WOULD EVER HAVE THOUGHT THAT 😂
Please do an episode on Nîmes Olympique. Recently in ligue 1 now in relegated to the third division. Much appreciated🙏🏼
A really informative video. I'm gonna download it so I can have it for offline purposes.
Good stuff Alfie!👍🖖✊️
PS Daniel Farke the Tories...
Please someone tell me the name of the background music?
This may be new to football but it is not new to some industries. The creative industry (actors, directors, writers etc) runs on a similar fashion between the publisher (Paramount, Sony, Netflix etc) and the "contractors" (actors, directors, writers). So if they do go after football players over image rights, then it will become a precedent to all the above. I doubt this can of worms will be opened.
I can imagine Alfie's grin at reading "Kompany's company"
So Mancini was paid via a third party firm to skirt profit and sustainability rules that came into effect months after he was sacked?
such rules have existed for a looong time
Nope
Others have been unalived for lesser journalism
The fact that I paying “only” 30+% in taxes is considered evasion is WILD. They want 60% on a transfer?! 👈THAT is the crime 😂
Keep up the good work
I agree
The agent wouldn't get the amount after tax from the the footballer they would get the full £500k (but it will be after the football has been taxed on it), less vat for their services as they are likely registered as a company. The only difference is between the two situations is that the club could claim it as an expense and reduce their corporation tax. Agent would get the same fees either way
I have to be honest, no matter how much someone earns, the amount of tax that has to be paid to the country is absolutely outrageous. Seriously, F that. And the fact that big companies are paying very little tax to get even richer while employing a lot of people who then pay a lot of taxes on their earnings is...I can't even find words for this. It should be completely illegal. I bet the players of Austrian Wunderteam didn't have to pay so much tax 😇✌.
The best way to short out avoidance, to close all the loop holes and accounting loop holes used to avoid tax, but it will never happen as people writing these laws use the loopholes and accounting methods to also reduce their tax bill.
You earn x to pay x no write offs or anything.
Be intresting to see same tax stats for efl
I need to get into the agent game
Yes, very interesting video this time. Honestly I'm really not interested in many of your other videos like "List of Premier League players with the longest toes" or whatever.
what
Can you investigate Elche CF director (and football agent) Cristian Bragarnik? He seems to be great at being a football agent, as long as he isn't signing players for the club he owns!
Every time a player is sold or bought there will be zero tax on it, when there should be around 20% as usual.
Clubs have been doing it for a while, well as long as your in the Premier league...as soon as your in the EFL and try doing the same things, the EFL expect you to pay a "fine", also known as a bribe 🙄
Yes Alfie, King 👑
Thanks for this it's motivating me to make money for me and my parents I think we are definitely more deserving then some of these agent's
Ah, the old excuse of...
"It's more complicated than that and you are just too stupid to understand"
The standard reply for a corporation being caught in a very basic and obvious paper shuffle.
What? They didn't clean the game up since 2010 when Pompey had to be dumped for the dodgy owners the PL decided were fit and proper (whether they existed or not)?
I am totally shocked! 😂
Do the best position changes ever
So the taxman says you can pay less by doing it a different way and you think people are just going to say “NO I WANT TO PAY MORE TAX THAT I DONT HAVE TO” like no it’s not tax avoidance if it follows the tax rules
You should try watching the video before you comment on it, just an idea!
@@HITCSevens why haven’t they been charged if they’ve apparently been avoiding tax this long
Answer they haven’t been avoiding tax you just have a problem with how the tax system works
@@HITCSevens having watched it, its funny how Jorge Mendes is mentioned countless times and some of the players he represents are shown but theres no mention of the fact that with virtually every player sold from Portugal to England its the Portuguese club footing the full 10% (used to be 20%) agent fee. Its a contentious topic here in Portugal and why Mendes is hated by many
@Alphoric Again, it's in the video!
How the hell does shell pays so less tax?
Ask all the rich aristocrats sitting in the house of lords how much they get each year from Shell in consultancy fees.
Shell do it by using there base off shore even tho they work onshore, basically loopholes. Shell registered in Ireland like nearly all major company's , then when EU go after them they registered in non EU countries
that story about Gary Cooke email if true is disgusting
Giovanni brings good memories for Benfica fans ❤
Kompany’s company 😂
TBH this goes on in every industry at every level. Football is nothing particularly egregious as Alfie said.
No one is going to feel sorry for the taxman Alfie lol
Gotta love the Ali Al-farhim fake note being in another hitc video 😂. Shame it’s not Pompey and they’ve added Man City on there
Over 100 charges but haven’t been charged with 1 😅 money can’t just make things go away anymore.. this isn’t the 80s when cocaine ran the world.
So are they finally investigating Chelsea?
Mental health is a get out of jail free card in this country. Its a joke.
It feels illegal to be this early
I mean, if the club pays any part of the agent's fee, shouldn't the agent then pay income tax on that, seeing as it was a payment made by a business (that business then claiming that tax back for exactly this reason)?
So if the club pays a player, who then pays the agent, the agent shouldn't pay income tax on that, because that income has already been taxed. That is not the case with any amount paid by a business to that individual.
Day 37: best XI Brazilians that played for other nations
However in that you are not counting the tax oaid by the employees of Amazon, Google etc. You have done that with the employees if the premier league though.
I have never understood why players don't pay 100% of agents fees, if they want an agent they should pay them surely?
Also, I don't care what you believe, when an effective rax raee is over 60%, nobody is going to be honest and pay the full rax, there's hundreds of years of economic history that show people do anything to dodge paying the tax if they can
All that money and they feel the need to skim if the top. Pretty greedy ain't they
Another scandal, what the hell is happening
Football. It's dirty, rotten, broken, riddled with money men and criminals.
Corruption
A scandal that doesn’t exist Yh crazy stuff
Every single player and agent is paying taxes they’re just using the HMRC or other tax body rules to pay less
That’s not a scandal it just shows that taxes are less for rich people as they can afford accountants who know how to pay less tax
It’s impossible to complain about this type of thing because the only way they can do this is because the people who collect the tax say they can do this
@@Alphoric very true that
@@tetrafootball professional gamblers don’t pay tax because casino winnings aren’t taxed are they avoiding tax or are they just following the rules made by the taxman. That’s what it all comes down to if the hmrc had stricter tax rules then maybe they’d pay more tax but they want to pay the minimum amount and the hmrc let them as they made the rules
off topic but be very careful about using the picture with rishy sunak holding the red briefcase. That picture is heavily copyrighted and picrights will send you an email if you haven't purchased the rights for it
Considering that they use Getty Images, there should not be any issues.
Yeah it’s a bit shady and unethical but at the end of the day it’s peanuts next to the bourgeoisie in terms of criminality and sheer amount of money stolen.
7 buyback clauses that were activated
Thanks was bored❤
😅you his out the tax on the Agent Company for there turnover for the year on the Club payment as and players remain payment
The Luton example, sounds a bit ridiculous actually they shouldn't get that much of a million.
This is some Cheese ⚽️
wow
Leave Luton alone 😭
If the club pay less tax through the scheme and no law is broken and they can claim minimising their tax bill as reason for the agent representing the club there is clear motive for this. The club can pay the agent anything they want because the club gets the player.
except that normally its the selling club paying the agent fee in full when its a player coming from abroad
That was a cat and rat
Rank wc winning managers
What even is VAT?
Day 1 of asking for a sunderland documentary
I thought players just incorporated themselves as companies and had their entourage as business expenses anyway?
the former coach of the Portuguese national team actually did that. he along the Portuguese FA are now in deep legal trouble over it
Big business is a scam? Why I never
The greed of the rich never surprises me! I can’t afford to eat every day! I still pay my taxes!
Hoping HITC Sevens isn't following their 'avoidance' lead by not paying Getty Images, where footy editorial photos go for around £200-£300 a pop.🤣
He probably is, Getty has a bot sends you threatening legal letters otherwise lmao
Video is over, back to paying taxes!
6th largest economy in the world? Maybe 15 years ago.😂😂
Okay but explain this to me like I'm 5
When your government is crooked then so is your revenue streams so football is not alone.
It is clearly explained in the Bible that this is a fake transaction.
Matthew 6:24. No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other.
The agent represents the player and should have 100% commitment to that relationship.
"But, but, the f0otBaLL£rZ gEt PayEd 2 mooch!!!" when pointing out Charlie boy paid nothing on his inheritance from the queen.
One person who exempt from taxes compared to thousands 🙄,plus the royal family have voluntary paid tax fromm1993
@@petesmart1983 well aren’t they kind that they voluntarily pay taxes. Pity they didn’t put their hands in their pockets to pay for that coronation when the country can’t afford to feed their children.
funny how they are investigating PL players, a lot of whom are immigrants and formerly poor individuals, yet do fuck all in regards to political and business corruption, most of whom come from privileged backgrounds.
you forget to mention they were already wealthy when they immigrated
The rise of "soccer" in the us..start from their qualification run to italy90....
Still waiting for the what’s going on at Southend video? Alfie if it helps you do know that the corrupt chairman donates to our two local Tory MP’s!
Only the working class pay tax always been the same always will be.