Quote:
Originally Posted by Locke
I was speaking about Tax Treatment of income earned by Professional Athletes who play in multiple differently-taxed jurisdictions and have access to deferred Revenue opportunities, Investment and Retirement programs in order to shelter their earnings.
Its not as simple as "Place B has lower taxes than Place A"
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Except they don't. They like to spend their dough, and they want their dough now. Read a Russian or Slovakian interview with a player. It's all cars, houses, money.
Lots of these guys have no patience for a deferred revenue plan. Plus, the taxes have to be paid. The sheltering doesn't save them that much at the end of the day.