Tax scheme promoters scuppered by own scheme
The promoters of the Alchemy scheme were so confident that it could turn earnings into untaxable gambling winnings, that they used the scheme themselves, with predictable consequences.
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Nice.
That brightened my day.
I like how they really believed it worked, rather than just cynically paying a tax barrister to say it does and then ripping off their clients for massive fees on schemes that they know probably don't work. Albeit given the size of the payouts, it sounds like they charged a few ££££ for this nonsense.
See also: https://www.accountingweb.co.uk/any-answers/root-2-profit-extraction-sch...
Also, this scheme was mainly (if not solely) promoted pre-Rangers SC (not that that made any difference to its total hopelessness).