Originally posted by BrilloPad
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Reply to: Is Hector Missing A Trick?
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Previously on "Is Hector Missing A Trick?"
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Originally posted by BrilloPad View PostIMO HMRC should tax British citizens on their global income.
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High taxes on sportsmen performing in various things is an obstruction to getting events - I think they had problems with Champions League final and it certainly won't help get more of this in the future.
Some reasonable flat rate tax of 10% would be reasonable perhaps - Govt makes money from VAT from associated sales, duties on booze drunk and fuel used to drive, income tax, NI etc on local employed people etc etc.
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Surely getting your mug on a stamp is a Benefit in Kind, and so should be taxed.
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Is Hector Missing A Trick?
BBC News - Who, What, Why: Why are US athletes taxed on Olympic medal wins?
US medal-winning athletes at the Olympics have to pay tax on their prize money - something which is proving controversial in the US. But why are athletes from the US taxed when others are not?
Although
Money is not awarded by the International Olympic Committee. The decision whether to offer prize money is made by the national Olympic Committees in each individual country, who also set the sum.
UK medal winners get no prize money - but get the honour of appearing on a stamp instead.Tags: None
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