No, no, of course people don\’t make decisions based upon tax

Under UK tax rules, any non-resident athlete performing in Britain is subject to income tax on both their appearance fee and any associated worldwide endorsement payments. However, Danny Alexander, chief secretary to the Treasury, said the Government has decided to waive the rule to attract the best talent to the Games.

It is not the first time the tax break has been granted. Competitors at this year’s Olympics have been exempted, as were the footballers at last year’s Champion’s League final at Wembley.

The levy has proved a deterrent to athletes in the past. In 2010, Mr Bolt, the Olympic 100 metres and 200 metres champion and world record holder, missed a Diamond League meeting in London because of the rules. Tennis players and golfers are also believed to have stayed away from smaller UK tournaments due to the tax. They are still taxed on the income in their home country.

See? It\’s entirely a lie that people will change their behaviour as a result of tax rates or rules.

Entirely possible to fleece the population without any changes in behaviour at all.

7 comments on “No, no, of course people don\’t make decisions based upon tax

  1. If Mr Bolt tries to avoid UK tax again, no doubt our favourite retired accountant will volunteer to chase him down. Not earning in the UK is against the spirit of the law.

  2. So they waive the rule for the Olympics and other events – which admits that it’s damaging . So why not scrap it?

  3. Of course they don’t make decisions because of tax.

    They make decisions for reasons of…..erm, company. Birds of a feather flock together and all that, y’know?

    http://www.swissinfo.ch/eng/Formula_One_drivers_find_peace_in_Switzerland.html?cid=984310

    They make decisions for reasons of….ummm, privacy.

    And the weather, probably. And the thrill of living in exciting, unknown places.

    http://news.bbc.co.uk/sport1/hi/motorsport/formula_one/7068001.stm

    Lower tax? Favourable financial climes? Oh no, of course not.

    Really, Timmy, how could you be so fatuous?

    Right, I’ll go away now and let Ritchie know where to go for his next big hunt.

  4. Talking about taxes leading decisions, the Rent a Room allowance is so pitiful that I will soon keep an empty bedroom in my flat. How does that help the housing crisis in London?

  5. I’ve never understood this “waive the rule” thing. Lke, we have a law against sporting shooting, which is a statement by the State that there’s never a justification for shooting guns for fun.

    Unless foreigners are coming here to do it, in which case it’s fine.

    Eh???

  6. Lke, we have a law against sporting shooting, which is a statement by the State that there’s never a justification for shooting guns for fun.

    I think you are confusing ‘guns’ and ‘pistols’. Anyway, you can still shoot pistols for fun in the UK. Limited to a fraction either of pistols or people, of course. For the record, there’s nothing fun about the MoD’s stock of near antique Browning 1911s.

Leave a Reply

Name and email are required. Your email address will not be published.