New Tax Laws Scare Usain Bolt To Sprint Away From Britain

User offline. Last seen 12 years 31 weeks ago.
ziggy_encaoua
Number 531
Conspirator for: 15 years 45 weeks
Posted on: July 13, 2010 - 10:51am

Bolt the 100m record holder was due to attend an athletics meeting next month at Crystal Palace but due to new tax laws he’s backed out.

Basically he would have been taxed on the money he of won for winning whatever race, but now the government has changed the tax laws so that he’d have to pay 50% of his total earnings depending on the number of days he’s in the country.

I don’t see how that is fair he doesn’t live here, he doesn’t use the NHS, he doesn’t send any kids to state schools, any car he would ride in would of paid road tax.

If the government want to scare those with talent away I suggest they’re going the right way about it, but if they want people with talent who attract investment & generate greater venue then I suggest they lower taxes.


User offline. Last seen 11 years 14 weeks ago.
Number 5150
Number 100
Conspirator for: 17 years 25 weeks
Posted on: July 13, 2010 - 10:56am #1

A similar story occurred here recently with basketball star LeBron James, who left a team in the relatively high-tax state of Ohio for a team in the relatively low-tax state of Florida.  His annual tax savings will be in the millions.

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- Stephen M. Smith