Cameron gets tough on benefit cheats !!!!

[skitzee2k]

Well I think that dispells the "working class pay all the tax" myth. Nice one

 

[joe-90]

I read somewhere that footballers pay no tax in the UK. They are employed by an offshore holding company who are based in Belize. Is that true?

 

[mointainwalker]

There are numerous"fiddles" with players being employed by overseas companies and also selling their "personality rights " i,e, appearing in adverts etc to overseas companies so that the fees go overseas and are not /are lightly taxed here.

In the first instance the overseas company will pay a smaller (?) salary to the player to avoid tax. They are of course the owner of the employing company with their manager and spirit their untaxed gains away.

I don't know if British players can do this.

Overseas players will undoubtedly pay some tax here.How much depends on how low an amount the I.R. will accept as a salary knowing what the club is transferring overseas.

 

[joe-90]

What I read is that the deal is done to give the player the amount they agree to. IE £180K per week (which includes any taxes to be paid). That's the amount the player pockets.