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Old 13-07-2010, 21:45   #8
nomadking
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Re: Usain Bolt and the taxman

Any tax concession in relation to this issue, is not yet in place.
Quote:
"I will see what I can do. Three weeks doesn't give us a whole lot of time to organise a tax concession," the sports minister stated.
I should imagine that the money in question is already liable in full for tax somewhere. If other countries followed this tax rule, it would be possible that people would be taxed at over 100% of that income. They would be making a loss from earning it.
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