Monday, January 17, 2011

Top footballers like Wayne Rooney dodge millions in tax by cashing in on loophole

Top footballers like Wayne Rooney dodge millions in tax by cashing in on loophole | Mail Online

The Laws have been put out there and loopholes will always be found. It is how quickly they are closed up that bothers me. This is what they do..........
Anything concerned with their 'image' from photos, brand sponsorship, being high profile, going to the right places for a fee, etc. is formed into an off shore company. The footballer then becomes either a self employed, sub contractor or an employee of the firm, the firm's consultant and of course, it's director. This gives him three 'incomes' and three bites at expenses too. The big income then stays off shore.
His income from kicking a ball about can be tax free too. If a footballer 'commutes' in from the Isle of Man or Eire as Roy Keane did, then he is domiciled there but working abroad just like the racket that medical staff use.. He would pay tax in the domicile country.

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(1) Walmart Employees EXPOSED For Falsely Accusing Shoppers Of Theft - YouTube

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