14 Oct 11 Out of the mouths of...
MEMBER 188 writes:
"Loved the quote from Clive Palmer on page 69 of the AFR this morning [13 October 2011] about his Gold Coast A-League Team, but I’m sure his tax advisers are gnashing their teeth:
'Yes, we make a few million dollars in losses but we like doing this. You have to treat it as a hobby, it's not a business'.
Then again, maybe when you are that rich it is just a hobby."