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DWF acquires ailing Cobbetts in pre-pack deal

Nice one. Partners tax unpaid so partners now need to pay their tax from their taxed income on the basis they were remunerated net of the tax which was supposedly retained by the firm but which will have funded working capital (and drawings). Ponzi, misery and a board which must be sweating. This will be as messy as the Halliwells debacle. I wonder whether there is a reverse premium in amongst it all.

4-Feb-2013

6:24 pm