WebCPA reports that tennis player Rafael Nadal will not play in the traditional Wimbledon tennis tournament warm-up event next year because of stringent British tax laws:
The No. 2-ranked Spanish tennis player said Thursday he can “lose money” playing in the Queen’s Club tournament because of the tax laws that affect athletes, musicians and actors.
He will still play Wimbledon and the November ATP World Tour Finals in London.
Nadal, who played in the Queen’s Club tournament five of the past six years and won in 2008, will instead this year participate in a grass-court tournament in Halle, Germany.
The overseas taxes are levied on prize money and appearance fees in Britain and a proportion of worldwide endorsement earnings.
The tax law was implemented after Britain’s tax authority won a landmark 2006 case against Andre Agassi in which he was ordered to pay tax on a portion of his endorsement money from Nike and Head products he used in British events.
- If You Tax Them They Will Flee
- Tax Shocker of the Week: High Taxes Drive Jobs Away in Illinois
- Illinois Raises Taxes, Indiana and Wisconsin Celebrate
- High Taxes Scare Rich People Away
- Soak the Rich Policies Destroy States
- Best and Worst States for Business
- Tiger Woods to Avoid Ryder Cup Because of U.K. Taxes
- The Jamaican Blur Runs Away from High Taxes
- If You Tax Them, They Will Flee
- Wealth Flight Goes National
- Rich Folks Flee Maryland, Say Goodbye to High Taxes
- High Taxes Cause New Yorkers too Flee
- Michael Caine to Move to America if Brit Tax Rates Goes to 51%
- Phantom of the Opera Composer Andrew Lloyd Weber Opposes High U.K. Taxes