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» Current Poll
Best 5 club teams in history of Football:
Liverpool 1977-1978 - 100.00%
1 Vote
Real Madrid 1956-1960 - 0%
0 Votes
Juventus 1985 - 0%
0 Votes
Milan 1989-1990 - 100.00%
1 Vote
Ajax 1971-1973 - 0%
0 Votes
Santos 1962-1963 - 0%
0 Votes
Torinho 1940's - 100.00%
1 Vote
Ajax 1995 - 0%
0 Votes
Flamengo 1981 - 100.00%
1 Vote
Benfica 1961-1962 - 100.00%
1 Vote
Total Votes: 1
You may not vote on this poll.
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Old 02-03-2008, 01:46 PM   Tax Post #1
mud
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How is tax calculated on the game cause ive noticed if you make loads of profit, one season the next inland revenue hammers you with tax, but should they nail u to this extent.

]Finances[/URL]

Its only november
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Old 02-03-2008, 01:58 PM   Tax Post #2
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Tax should be a percentage of your profits I believe. How does the amount you are paying in tax compare to the profits you are making?
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Old 02-03-2008, 01:59 PM   Tax Post #3
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Ouch more than 50% going in taxes... That's super tax and 1/2.

Sorry I've no idea.
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Old 02-03-2008, 02:12 PM   Tax Post #4
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Corporation tax would be 30% of your profits.

Just checked one of my saves and my tax is 39% of my profit so there is something else going on...
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Old 02-03-2008, 04:55 PM   Tax Post #5
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Quote:
Originally posted by AndersSchm:
Corporation tax would be 30% of your profits.

Just checked one of my saves and my tax is 39% of my profit so there is something else going on...
Tax can be anything upto 40%. It depends on certain factors but I'm not exatcly sure what.
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Old 02-03-2008, 05:44 PM   Tax Post #6
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probably employer's NI contribution as well?
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Old 02-03-2008, 06:09 PM   Tax Post #7
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It depends on whether FM just lumps everything into one overall 'tax' measurement - here you could have the Co's corporation tax, national insurance contri butions, capital gains tax etc.

However, it should really just show the Corporation Tax charged on its profits. Assuming your club has made £1.5m or more in profit, then they should be taxed at 30%. It's a little more complicated if your club has made less than £1.5m in profits but if you want to know more just ask.
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Old 02-03-2008, 06:12 PM   Tax Post #8
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Quote:
Originally posted by Neji:
<BLOCKQUOTE>Originally posted by AndersSchm:
Corporation tax would be 30% of your profits.

Just checked one of my saves and my tax is 39% of my profit so there is something else going on...
Tax can be anything upto 40%. It depends on certain factors but I'm not exatcly sure what. </BLOCKQUOTE>

If we're just referring to Corporation Tax then the top rate is 30% - this is for companies who's profits are £1.5 or more.
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Old 02-03-2008, 06:47 PM   Tax Post #9
 
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So, if this is a true reflection then all EPL clubs have been funding the war in Iraq?
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