The problem was, this tax strategy was intended to be used for non-contractual payments to employees.

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The tax authorities would eventually argue that Rangers used the scheme to make contractual payments to players.

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Thanks to contractual buyout clauses and guaranteed payments, removing a head coach can be an expensive endeavor.

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But while the amount of work undertaken by the firm has fallen due to spending cuts, the council has to keep up payments due to contractual obligations.

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Clubs will also have to prove they can fulfil all fixtures and contractual obligations, and meet all payments due during a season.

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By my math, the more a borrower defaults, the lower his payments keep getting, so where lay any incentive to do the right thing and honor your contractual mortgage obligations?

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