Hurrah for the Taxman driving overpaid spoilt brats abroad
...yesterday, the story broke that HMRC would be driving sports stars away from big events by trying to grab hefty chunks of their sponsorship deals. Before, visiting sports stars were taxed on the number of days they spent in the UK. Now the plan is to tax them on the percentage of events they do here. That might not be too bad if a sport has lots of events — Roger Federer is scheduled to play 19 tournaments in 2010, only two of which will be in the UK. But it’s hard going for marathon runners, who usually race only twice a year. If one of those is in London, they’ll be taxed on half their year’s sponsorship money for one day’s running.
I never really believe it when people wail that taxing bankers will simply drive them out of the country. .... But sportsmen are different — why won’t they just run in New York, not London?
Well there is hope here that our streets may be freed from the spindly lycra wearers, at least bankers don't routinely shit in the gutter as they go about their business.