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Author Topic: Vegas & The Aftermath - Diary  (Read 7804569 times)
doubleup
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« Reply #24960 on: January 11, 2012, 10:33:25 AM »

Tax regimes are so diverse across regulated markets (even in the supposedly harmonised EU system) that it doesn't matter where the tax (read 'rake') would be allocated, because sites will simply elect to pay tax in one jurisdiction


This is incorrect



a short statement.

France and Italy insisted on a separate player pool that they could tax, although in France's case this pool could include other Europeans, but Dennmark and I think Latvia allow mixed player pools, so the turnover attributed to their players has to be identified to pay the relevant tax.  

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mulhuzz
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« Reply #24961 on: January 11, 2012, 11:14:30 AM »

Tax regimes are so diverse across regulated markets (even in the supposedly harmonised EU system) that it doesn't matter where the tax (read 'rake') would be allocated, because sites will simply elect to pay tax in one jurisdiction


This is incorrect



a short statement.

France and Italy insisted on a separate player pool that they could tax, although in France's case this pool could include other Europeans, but Dennmark and I think Latvia allow mixed player pools, so the turnover attributed to their players has to be identified to pay the relevant tax.  



it wasn't very well worded, but the point is that they won't allocate rake for tax reasons in the same way they pay players for it, so it's a non-issue as to the reason why sites are changing to WC.
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doubleup
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« Reply #24962 on: January 11, 2012, 11:47:19 AM »

Tax regimes are so diverse across regulated markets (even in the supposedly harmonised EU system) that it doesn't matter where the tax (read 'rake') would be allocated, because sites will simply elect to pay tax in one jurisdiction


This is incorrect



a short statement.

France and Italy insisted on a separate player pool that they could tax, although in France's case this pool could include other Europeans, but Dennmark and I think Latvia allow mixed player pools, so the turnover attributed to their players has to be identified to pay the relevant tax.  



it wasn't very well worded, but the point is that they won't allocate rake for tax reasons in the same way they pay players for it, so it's a non-issue as to the reason why sites are changing to WC.
that isn't very well worded either but I'm pretty certain its still wrong.

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« Reply #24963 on: January 11, 2012, 11:59:01 AM »

Tax regimes are so diverse across regulated markets (even in the supposedly harmonised EU system) that it doesn't matter where the tax (read 'rake') would be allocated, because sites will simply elect to pay tax in one jurisdiction


This is incorrect



a short statement.

France and Italy insisted on a separate player pool that they could tax, although in France's case this pool could include other Europeans, but Dennmark and I think Latvia allow mixed player pools, so the turnover attributed to their players has to be identified to pay the relevant tax.  



it wasn't very well worded, but the point is that they won't allocate rake for tax reasons in the same way they pay players for it, so it's a non-issue as to the reason why sites are changing to WC.
that isn't very well worded either but I'm pretty certain its still wrong.



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« Reply #24964 on: January 11, 2012, 08:30:47 PM »

There is a legends of racing series in the RP this week Tony and yesterday featured Michael Dickinson, focussing mainly on his famous five in the Gold Cup.

There were two stats in there that I found amazing. The first one was his total wins figure, which for a man held in such high regard was only 380 winners ( this was in fact only 2 more winners than the 378 he rode as a jockey)

The second was he still holds the world record for a trainer with most winners in one day which was the 12 he had from 20 runners on December the 27th 1982. What intrigued me the most about that was he ran 20 horses that day and 19 of them finished in the first three. The incredible number in that story for me was his total string that season was just 55 horses, so he managed to get just under 40% of his entire string to run in the first three in one day, this included the winner and the 3rd in the King George.
« Last Edit: January 11, 2012, 08:32:51 PM by bobby1 » Logged

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« Reply #24965 on: January 11, 2012, 09:12:33 PM »

There is a legends of racing series in the RP this week Tony and yesterday featured Michael Dickinson, focussing mainly on his famous five in the Gold Cup.

There were two stats in there that I found amazing. The first one was his total wins figure, which for a man held in such high regard was only 380 winners ( this was in fact only 2 more winners than the 378 he rode as a jockey)

The second was he still holds the world record for a trainer with most winners in one day which was the 12 he had from 20 runners on December the 27th 1982. What intrigued me the most about that was he ran 20 horses that day and 19 of them finished in the first three. The incredible number in that story for me was his total string that season was just 55 horses, so he managed to get just under 40% of his entire string to run in the first three in one day, this included the winner and the 3rd in the King George.

Incredible stats..

I think I backed the 20th horse in the string that day Smiley
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« Reply #24966 on: January 11, 2012, 09:20:58 PM »

lol
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« Reply #24967 on: January 12, 2012, 09:46:47 AM »

... Most such companies attract a lot of vitriol - Tesco is a similar example - & they'll put up with it all day, whilst they carry on making fortunes.
...

Really?

Who doesn't like Tesco?

Lots of people in small towns seem to hate TESCO. Wish their share price was las lively as Ryanair though, pretty flat over last two years overall

It's been pretty flat for years, Simon, but it's like Vodafone, it's sheer size means that share price volatility is unlikely. It's also an indicator of sound financial prudence & management - no self--respecting CEO or Chairman wants to see surprises, or "spikes" in their KPI graphs. Nice & smooth is always best, & more likely to be sustainable.

Must be biggest bok this year? Down 14%  last time I looked .
« Last Edit: January 12, 2012, 10:13:10 AM by redsimon » Logged

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« Reply #24968 on: January 12, 2012, 10:20:32 AM »

... Most such companies attract a lot of vitriol - Tesco is a similar example - & they'll put up with it all day, whilst they carry on making fortunes.
...

Really?

Who doesn't like Tesco?

Lots of people in small towns seem to hate TESCO. Wish their share price was las lively as Ryanair though, pretty flat over last two years overall

It's been pretty flat for years, Simon, but it's like Vodafone, it's sheer size means that share price volatility is unlikely. It's also an indicator of sound financial prudence & management - no self--respecting CEO or Chairman wants to see surprises, or "spikes" in their KPI graphs. Nice & smooth is always best, & more likely to be sustainable.

Must be biggest bok this year?

Pretty neat timing, eh?

Sainsburys abso OWNED the Xmas Grocery Market this year.

Oddly, Sir Terry Leahy, who recently retired after a glittering career @ Tesco, (and his retirement has turned out to be a masterpiece of timing, either that, or they miss his steady hand on the tiller)), was on the wireless yesterday, on R4. He's a big Everton fan, total Toffee headcase in fact, but he was discussing how the Premiership is evolving. They'd do well to listen to him, he spoke a lot of sense. Also on the Show, in "flashbacks", were Bill Shankly, &, arguably, the greatest manager ever ever ever - Brian Clough. Their pieces were recorded, I believe.....

Here's Sir Terry's wiki.

http://en.wikipedia.org/wiki/Terry_Leahy

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« Reply #24969 on: January 12, 2012, 10:36:01 AM »

Was he saying that it's evolving in a bad way or a good way? What did he predict for the future?
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« Reply #24970 on: January 13, 2012, 07:10:18 AM »


Was wandering down my garden today, armed with my 35mm Pentax F6 Digital SLR Olympus (with autofocus & semi-automatic exposure capability), & spotted this goldfinch.

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« Reply #24971 on: January 13, 2012, 07:20:33 AM »


Happened to spot these three birds, too, so took a quick snap.

PS - Can anyone name all three species?

 Click to see full-size image.
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« Reply #24972 on: January 13, 2012, 07:34:20 AM »


I've been largely Diary absent for a few days, the day job has been a bit heavy this week, but thank you for all the comments & replies, I'll try & catch up with replies soonest.

Ryanair - jeez, nothing brings a thread to life like a Ryanair debate! Loved all the feedback. To be fair, I judge Ryanair by it's quality as a business, not the customer experience, but I will comment upon a few of the replies as soon as I can.

Bobby's "Dickinson" Post. I'm afraid that will merit one of my long & boring replies, as it fascinated me in so many ways. I should say that I followed the racing fortunes of the Dickinson family from start to finish, & had a geekish fascination & interest in their fortunes. Even today, over 30 years since their heyday, I can probably still name most of their stable stars. Watch this space, & thank you, Phil. (Good to chat briefly yesterday, Phil).

In an effort to avoid stirring up another Ryanair-style hornets nest, I'll keep the Diary to less controversial stuff in future, so coming soon.....

Politics

Religion

Plans by Trumper, Coren & tikay to do the DTD Live Stream commentary. That will be well received.

 Click to see full-size image.


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« Reply #24973 on: January 13, 2012, 07:44:20 AM »

I only use Ryanair because I have to as they are the only operator on many of the routes I need to travel on.  Their success is clearly not based on customer satisfaction. On one of the journeys I made last year there was melted ice cream all over the seat I was about to sit in. Only just noticed it. If making a business succcesful is achieved by ignoring things like cleaning; and generally treating customer badly, they are doing a great job. They definitely should not be applauded for running the business the way they do. They have set a terrible precedent for things like charging for luggage, check-in, etc and many airlines have copied that. Lets just hope other operators don't follow their lead on ignoring the internal hygiene of their vehicles.

It's fair to say, Mr Raab, that I'd like my airline of choice to have good hygiene, & the cabin to be nice & clean.

I'd also want - very much want - the flight to be punctual, & reliable. Ryanair's punctuality & reliability is amongst the best in the world, of course.

If I cannot have both, I know which of the two I would plump for. And so would you, I think.

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« Reply #24974 on: January 13, 2012, 07:51:41 AM »


Shareholder value is all that matters when judging a business - the business is owned by the Shareholders, not customers, be they satisfied or not.

.

I'll bite.  Do companies not have larger responsibilities within the communities they operate?  Do they not have a responsibility to their staff to treat them well.  If shareholders and profits are the only priorities then is it acceptable if Ryanair bribe governments in small countries for slots?  The problem when profit is put above everything else is that people begin behaving horribly and doing immoral things that end up being detrimental to the larger community....it would be too much of a cliche to mention bankers at this point right?

Thery have responsibilities to all those things, yes - but their greatest responsibility is to deliver enhanced value to their shareholders. It is that, above all, by which they will be judged. That is their absolute duty, (within the law, of course), & far & away their greatest priority.

Bankers? Another grossly misunderstood group. Quite why there is such vitriol to bankers is completely beyond me, it's wholly illogical. Happy to debate that.

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