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New Tax Laws Scare Usain Bolt To Sprint Away From Britain
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.
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.
- Stephen M. Smith