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    Rio ferdinand donates £500,000 worth of toys to children in Manchester & 11,000 sleeping bags for the homeless

    Very generous of rio to do this. Always get good vibes from him whenever he's tweeting or doing punditry. It's nice to read some good news like this about footballers and ex footballers. Usually the press are slaughtering them

    manchestereveningnews.co.uk/new…167

    46 Comments

    Must feel guilty over his tax evasion

    airfix

    Must feel guilty over his tax evasion



    Or could just be doing something nice?

    airfix

    Must feel guilty over his tax evasion



    ​This will be a tax write-off. Not saying it's not a fantastic thing to do but won't cost him a penny

    It's a great thing for those who benefit but I personally know many footballers are very generous with their time and money and don't publicise it.

    In that article his restaurant Rosso is referenced FIVE times.

    It's a good thing but understand why celebrities do this stuff. I actually like Rio but stuff like this really makes me feel quite cynical.

    Banned

    Very generous of someone who earns a ton of money every year....

    What about recognizing all the 'normal' people who volunteer their time to help people and those that raise money and collect items for people worse off. Really annoys me that idiots like Rio get a pat on the back for publicity stunts, oh wow he has spent a weeks wage on the homeless, he could have spent a lot more money and really made a difference, funding a soup kitchen, homeless shelter or medical facility etc

    Don't get me wrong I am happy that the homeless people might be a bit warmer during the winter and that every child will receive a present in Manchester....

    (That's my opinion not HUKD's opinion before anyone gets on their high horse lol)
    Edited by: "Holly1985" 15th Dec 2016

    Trust a mindless sheep to be the first comment! I would imagine the children receiving those toys and the people avoiding freezing to death will care very little about tax evasion, well done Rio Ferdinand.

    If you can't say something nice don't say anything at all.......................

    Original Poster

    The donation was made via key 103 radio campaign. His restaurant gets all the publicity it needs via Twitter/Facebook I'm sure it weren't a request of his to have it mentioned in the article... That's on the writer.

    His donation wasnt made to discredit any regular charity workers who do it day in day out, but he's a celebrity, newspapers like to write about them, donating so much is obviously going to stir up an article or two.

    In a world where countries are being evacuated as I type this, it's always nice to share some positive moves. Especially when children who get very little and the homeless are getting something to improve their current state. It doesn't really matter how much money he earns per week.. Or how much of it has come out of his huge bank balance. He's doing something positive for a city he has obviously got a very big love for.

    Props to key 103 also for running the campaign too
    Edited by: "chantelle310" 15th Dec 2016

    well done

    Wont pay tax to keep people of the street in and in accommodation.

    Will give them sleeping bags to keep them on the streets but warm.

    Talk about the top keeping themselves at the top!

    Holly1985

    (That's my opinion not HUKD's opinion before anyone gets on their high … (That's my opinion not HUKD's opinion before anyone gets on their high horse lol)



    http://a64.tinypic.com/2hmcytu.jpg
    Edited by: "Predikuesi" 15th Dec 2016

    chantelle310

    The donation was made via key 103 radio campaign. His restaurant gets all … The donation was made via key 103 radio campaign. His restaurant gets all the publicity it needs via Twitter/Facebook I'm sure it weren't a request of his to have it mentioned in the article... That's on the writer. His donation wasnt made to discredit any regular charity workers who do it day in day out, but he's a celebrity, newspapers like to write about them, donating so much is obviously going to stir up an article or two. In a world where countries are being evacuated as I type this, it's always nice to share some positive moves. Especially when children who get very little and the homeless are getting something to improve their current state. It doesn't really matter how much money he earns per week.. Or how much of it has come out of his huge bank balance. He's doing something positive for a city he has obviously got a very big love for. Props to key 103 also for running the campaign too



    The donation was made on both his and Rosso's behalf. The only reason businesses do that is promotion.

    It's a great thing for the kids and the homeless but at least one of the motives behind it was promotion.

    nice guy, didn't have to did he, so he deserves credit.

    wild84

    Trust a mindless sheep to be the first comment! I would imagine the … Trust a mindless sheep to be the first comment! I would imagine the children receiving those toys and the people avoiding freezing to death will care very little about tax evasion, well done Rio Ferdinand.


    He's found his conscience, why is that a bad thing?

    Original Poster

    Eeeesssshhh I hope some of you lot keep yourself well hydrated, too much salt is bad for ya.



    airfix

    He's found his conscience, why is that a bad thing?



    I'm sure your initial post had no negative undertone whatsoever

    chantelle310

    Eeeesssshhh I hope some of you lot keep yourself well hydrated, too much … Eeeesssshhh I hope some of you lot keep yourself well hydrated, too much salt is bad for ya.


    Hydration is important.

    Judy don't swallow anything without questioning it

    Original Poster

    HotEnglishAndWelshDeals

    Hydration is important.Judy don't swallow anything without questioning it … Hydration is important.Judy don't swallow anything without questioning it




    I'm just glad to see something positive done for the city I live in. Especially after the Chinatown fire that seen two homeless people dead.

    Tried rasing money myself by raffling off an Xbox one so I could send £ to a small Manchester charity which was appealing for help after the incident.. But unfortunately not enough of the general public wanted to put a fiver into the pot so I could make it a bonus ball raffle. So this really made my day

    Legend

    So what if Rio and his restaurant make something from there generosity, It is a win win for all, Rio hasn't always had a privileged lifestyle and probably shared a similar lifestyle to your average Joe Bloggs. Rio has always been supportive of the community and I think it isn't all for personal gain, it's a genuine gesture with a bonus. It's still 5 weeks wages at Rio's peak, So good on Rio.

    Don't care about him self promoting or whether it was a tax write off. Good for him, plenty of others don't bother at all despite their astranomic wages.
    If all the overpaid celebs and footballers got together they could make serious changes for the better but the best you get is some droll TV ad appearances to give money to charities with overpaid employees.
    At least Rio has made a tangible difference.

    chantelle310

    I'm just glad to see something positive done for the city I live in. … I'm just glad to see something positive done for the city I live in. Especially after the Chinatown fire that seen two homeless people dead. Tried rasing money myself by raffling off an Xbox one so I could send £ to a small Manchester charity which was appealing for help after the incident.. But unfortunately not enough of the general public wanted to put a fiver into the pot so I could make it a bonus ball raffle. So this really made my day



    I visit Manchester fairly often and usually help homeless people if I can.

    I was outside a restaurant last year and a homeless person came up to me asking for a couple of quid so that he could buy some food. Said that I could go the the takeaway and buy it for him if I didn't believe it was for food. I gave him a fiver as that was the only cash I had on me. We got talking and he said that I was the only person who actually spoke to him and treated him like a 'normal' person in days. That really stuck with me.
    Edited by: "RossD89" 15th Dec 2016

    And as I said, many, many footballers are generous with their time and money without getting about it and @ing in their restaurants too.

    RossD89

    I visit Manchester fairly often and usually help homeless people if I … I visit Manchester fairly often and usually help homeless people if I can.I was outside a restaurant last year and a homeless person came up to me asking for a couple of quid so that he could buy some food. Said that I could go the the takeaway and buy it for him if I didn't believe it was for food. I gave him a fiver as that was the only cash I had on me. We got talking and he said that I was the only person who actually spoke to him and treated him like a 'normal' person in days. That really stuck with me.



    ​nice one. helping others is self rewarding too in my experience.

    HotEnglishAndWelshDeals

    And as I said, many, many footballers are generous with their time and … And as I said, many, many footballers are generous with their time and money without getting about it and @ing in their restaurants too.



    ​by telling the public it may encourage more charity.

    Original Poster

    RossD89

    I visit Manchester fairly often and usually help homeless people if I … I visit Manchester fairly often and usually help homeless people if I can.I was outside a restaurant last year and a homeless person came up to me asking for a couple of quid so that he could buy some food. Said that I could go the the takeaway and buy it for him if I didn't believe it was for food. I gave him a fiver as that was the only cash I had on me. We got talking and he said that I was the only person who actually spoke to him and treated him like a 'normal' person in days. That really stuck with me.




    just wish more people like you done the same that's brilliant. its self rewarding too to know you've made someones day a lil bit easier. i always stop to buy them a hot drink, a buttie, run into the tesco express and buy a bumper pack of tescos own slices of ham if they have a dog too.

    most people who aim fire at celebs for not giving away their millions are the ones who don't give away the spare change at the bottom of their pockets to the bloke who just about has a blanket to wrap around his shoulders.

    Well done Rio

    He's a legend.

    United legend and top bloke

    airfix

    Must feel guilty over his tax evasion


    But any one would rather give directly to charitable causes than give taxman the same and hope that some of it will turn into good use instead of some use that I know nothing about.

    splender

    But any one would rather give directly to charitable causes than give … But any one would rather give directly to charitable causes than give taxman the same and hope that some of it will turn into good use instead of some use that I know nothing about.



    Judge splender, are you suggesting one should tax avoid?.

    Makes me laugh when all these people complain about tax evasion, we would all do it if we could and earned his money.

    Daytrader

    Makes me laugh when all these people complain about tax evasion, we would … Makes me laugh when all these people complain about tax evasion, we would all do it if we could and earned his money.


    I wasn't complaining about it, merely saying its a gesture of giving something back after being caught out.

    great gesture from Rio.

    J4GG4

    Judge splender, are you suggesting one should tax avoid?.


    is not tax avoidance legal? morally not right at all but ultimately, if people really cared that much, we would make sure loopholes were closed. ultimately, when someone gets caught, the public gets fed crumbs about the government doing something, but in reality, its same old same old. and the public just accept it.

    J4GG4

    Judge splender, are you suggesting one should tax avoid?.



    Perfectly legitimate business activity, any sane person would do everything within the rules to minimise their liability.
    Tax evasion is a different matter entirely.

    DKLS

    Perfectly legitimate business activity, any sane person would do … Perfectly legitimate business activity, any sane person would do everything within the rules to minimise their liability.Tax evasion is a different matter entirely.


    What he said

    japes

    ​This will be a tax write-off. Not saying it's not a fantastic thing to d … ​This will be a tax write-off. Not saying it's not a fantastic thing to do but won't cost him a penny


    How exactly does that work then?

    Agharta

    How exactly does that work then?



    ​charitable donations are counted as losses reducing your taxable profit. I bet his restaurant doesn't make any profit after accounting for his non-taxed withdrawals. Unfortunately all legal and above board

    japes

    ​charitable donations are counted as losses reducing your taxable profit. … ​charitable donations are counted as losses reducing your taxable profit. I bet his restaurant doesn't make any profit after accounting for his non-taxed withdrawals. Unfortunately all legal and above board


    I understand the basics but not sure how this costs him nothing?
    E.g. Company has a profit of 500K and makes a donation of the same amount to charity which I presume you mean would lead to zero profit so zero tax. I don't know the rules on taxable donations and if there are limits etc.
    So he has saved the tax on 500K but has paid 500K for the privilege.
    If the tax rate was 30% he has saved 150K but is still 350K out of pocket.

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