Quote:
Originally Posted by davyboy
Well it depends. Would any of us here consider GBP500K of our own money spent on a season of BTCC racing an 'investment' ? What return could we expect on it ? Touring car racing at any level doesn't pay millionaire salaries.
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If that money is paid by a profitable company then its a 100% tax writeoff for advertising and marketing. So it wouldn't cost Turkington money personally. It would just be less money Turkington Holdings has to pay the tax man for company tax on their profits. Putting Turkington Holdings on the side of the car sounds like a good investment to me and is a lot better than sending that money to Alastair Darling!