cgksheff Posted December 29, 2012 Share Posted December 29, 2012 ......... Yes. In 2010, the organisers of the London Grand Prix at Crystal Palace were hoping to put together a three-way clash ......... blah blah blah .......... The 2010 London Grand Prix at Crystal Palace with 34,000 customers, was the world’s biggest paying attendance for grand prix athletics. Without t'Bolt! Link to comment Share on other sites More sharing options...
Anna Glypta Posted December 29, 2012 Share Posted December 29, 2012 So he lives in Spain and does not pay any tax then? Spain has/had a "Beckham" law on tax. In order to attract highly paid foreigners to play football they waived the high rate tax allowing the stars to pay 23% instead of 45%. Footballers like Ronaldo do not pay tax. The club pays it for them and they have a guaranteed weekly salary. The problem is that the loophole was closed and if & when Ronaldo's contract is renewed the club will have to pay 45% tax instead of 23% to maintain his guaranteed income. Top Spanish clubs face huge increases in their tax bills which probably cannot be afforded so the top players will very likely leave and move to a country where their salary demands can be met. Link to comment Share on other sites More sharing options...
JFKvsNixon Posted December 29, 2012 Share Posted December 29, 2012 A parallel could be a pop star/band losing money on specific gigs because that is what you have to do to maintain exposure - which sells your recordings - which is where you make your killing. Actually the music industry has seen a change in how it makes money over the last few years. Due to the uptake in legal/illegal downloading and the collapse of purchasing physical music, big music acts now make their money through their live appearances and use their recordings as a promotional tool to maintain their exposure. This is the main driving force behind the increase in costs of buying tickets for live music. Your now looking at £70 a seating ticket to watch Radiohead or Coldplay. Another effect of this change has been the increase of "comeback tours", big acts treated the income from their back catalogue as their pension, this income has decreased dramatically, so now they are going to have get back out on the road to regain some sort of income, leading to bands coming back to play various gigs without releasing any substantial amount of new music. Link to comment Share on other sites More sharing options...
francypants Posted December 29, 2012 Share Posted December 29, 2012 And now they've awarded him a gong !!!!!!!! Link to comment Share on other sites More sharing options...
iansheff Posted December 29, 2012 Share Posted December 29, 2012 Spain has/had a "Beckham" law on tax. In order to attract highly paid foreigners to play football they waived the high rate tax allowing the stars to pay 23% instead of 45%. Footballers like Ronaldo do not pay tax. The club pays it for them and they have a guaranteed weekly salary. The problem is that the loophole was closed and if & when Ronaldo's contract is renewed the club will have to pay 45% tax instead of 23% to maintain his guaranteed income. Top Spanish clubs face huge increases in their tax bills which probably cannot be afforded so the top players will very likely leave and move to a country where their salary demands can be met. The tax is going up to 52% I read the other day. Isn't life a bitch when you are earning such a lot of money Link to comment Share on other sites More sharing options...
andygardener Posted December 29, 2012 Share Posted December 29, 2012 This just comes across as the sort of tax which drives people out of the UK. Link to comment Share on other sites More sharing options...
Aleksandr Posted December 29, 2012 Share Posted December 29, 2012 The bloke is a ten second wonder and clearly motivated by greed;I oersonally would not watch him run round Hillsborough dog track.I would, if he was being chased by a pack of rabid dogs! Link to comment Share on other sites More sharing options...
Anna Glypta Posted December 29, 2012 Share Posted December 29, 2012 The tax is going up to 52% I read the other day. Isn't life a bitch when you are earning such a lot of money It isn't going to be a problem to him. His salary is guaranteed tax paid, so if the tax goes up so does the pay. Where the money comes from isn't clear, but if the club cannot pay it he's free to move to another club and pocket a rather large signing on fee. Link to comment Share on other sites More sharing options...
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