Sports Direct is in talks with European Union tax authorities, which could lead to settlements related to the controversial deal between billionaire founder Mike Ashley and his brother.
Documents filed in the UK High Court reveal that Sports Direct, renamed the Fraser Group, has been subjected to scrutiny in Ireland, France and Finland. Period of the year. Duration.
Ashley’s brother John, a computer scientist, set up a special company called Barlin Delivery with no drivers or trucks to carry out orders overseas.
The deal has already undergone an investor revolution after shareholders rejected Sporthouse Direct’s plan to pay $ 11 million ($ 12.6 million) for John Ashley’s services.
However, court documents show that he persuaded European tax authorities to scrutinize him out of fear that he might lose VAT payments.
The Sports Directorate said that although Parlin was not prepared to reduce the tax bill, he had reached an agreement with some foreign tax authorities and held discussions with others. He declined to give further details.
As we have said on many occasions, the Group adopts a fully cooperative approach to her majesty in matters of tax and customs.
EU member states to ensure that value added tax is paid on time. “
Guardian
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