UK 01:44 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In this podcast I explain why companies that engage in fraud are happy to pay tax from the reporting of bogus profits. It sounds insane but that is the way frauds operate. My hero Sam Antar of Crazy Eddies infamy explians it suoerbly on his website and I discuss both Sam and also Quenron and what is going on here. I also try to explain how tax losses are used and applicable and will not be there to save Quindell
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Jonathan
Tom, I realise that for many reasons of convenience and time these bearcasts may be great for you. however, as someone who likes to read and does not always have access to decent internet (train etc), can you please write actual articles about these things? I csnt help but feel you are getting lazy and using recording as a quick way to generate material rather than putting in some effort to actually write.
Tom Winnifrith
Jonathan
No offence but Fuck you . I am still happily churning out articles at an alarming rate ( behind paywalls, on my site etc). And I like this format, it means I do not get bashed for typos! I start work at 6 am Mon to Friday and finish at 7 PM at weekends I put in a good six or seven hours a day. Twice during the week I work until midnight. I am not slacking as my poor neglected cats and Mrs will tell you
T
El capital
Tried to explain the problems with declaring projected profits but not receiving income, but it doesnt get through to those with blind faith. Great bearcast again BTW
Kevin Taylor
Tom, I don’t disagree with your comments but FWIW, in the UK a company can carry back tax losses and use them to offset against profits in the previous accounting period, eg see:
http://www.hmrc.gov.uk/manuals/ctmanual/CTM04510.htm
regards,
Kevin