Bolting the UK’s Taxes

Kudos to Usain Bolt for shedding light on the UK’s policy of taxing not only appearance fees and winnings earned by athletes competing there, but also an allocable share of the athlete’s sponsorship and endorsement income.  Bolt’s advisors claim that due to these rules, a £100,000 fee paid to Bolt to appear at a UK event would generate a tax liability of more than £100,000.

About Conrad

Conrad O'Connor is the nom de web of a tax lawyer working in Atlanta, Georgia.
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