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    Usain Bolt in dash from the taxman

    Usain Bolt in dash from the taxman

    Olympic 100m champion Usain Bolt may not run in the UK because of HM Revenue & Customs' demands on his pay packet

    Author Date published July 12, 2010 Categories

    Usain Bolt, the 100m world record holder may not race in Britain because of
    the taxman tough stance on foreign sports stars.

    Bolt is set to pull out of an event at Crystal Palace next month because HM
    Revenue & Customs will demand a cut of winnings from every other race he
    competes in afterwards,
    the
    Daily Mail reported.

    His taxable earnings would also include his lucrative endorsement contracts.

    The taxman is allowing an exemption for next year’s football Champions’
    League Final, but does not extend the same olive branch to individual athletes
    after a 2006 court win against tennis star Andre Agassi.

    Further reading:

    Taxing
    sport: an own goal

    Celebrities
    vs the taxman – who’s the winner?

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