Wednesday, July 14, 2010

Taxing Issues

Can't really argue with this, the greed and avarice of the British taxman is costing this country the opportunity to host major events because our courts have quite bizarrely allowed a system to evolve where the inland revenue charge people on their global endorsement income, to the point where they can end paying more than 100% of their UK earnings in tax.

I don't see how it can possibly be enforceable though, what obligation would a foreign athlete have to provide the Inland Revenue with their financial details?

Would they start asking for international sports stars to be extradited to face trial if they don't disclose their total earnings?

No comments: