Bolt sprints from UK tax authorities

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The world’s fastest man will not compete on UK soil again until the British Government taxes him less. Usain Bolt – he earnt around £12.7m last year – could see his £12.5m Puma sponsorship deal taxed at the 50% higher tax rate were he to compete in Britain in future.

HMRC claims that Jamaican Bolt (and others foreign athletes like him) should not just be taxed on their winnings but also on a proportion of their sponsorship earnings – their wider earnings, in other words. Especially in the current climate and with a shrinking UK tax base generally.

 

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