Sportsmen, especially champions the world over are not only revered but in many cases attain the status of demi-gods; and when that happens, a special tax treatment is the least they deserve.
Here is a Taxsutra compilation of select countries with special tax regimes for sports stars.
The kick off of the match was clearly in favor of Residence United. (“RU”) Having invented the modern day game, and controlling the rules of the game for many decades, RU has maintained an edge over the Source Tigers (“ST”) for a long time. And it all worked out pretty well for RU when they had a strong home base, exporting talent and capital to the ST side, knowing repatriation will happen sooner or later. It was a one directional pattern, well manageable.
While sports stars usually make headlines for their on-field exploits, some of them have also made to the front pages for all the wrong reasons! Surprise surprise, a few of them have even managed to land up in tax controversies. Here is a list of those sports celebrities and the tax issues involved in each case.
Special research on certain recent developments in Soccer Taxation, in France, Spain, Brazil & Argentina