Rodney Marsh is spouting on that the know Tevez, is earning £287,000 a week, tax free.
How is it Tax free?!
How is it Tax free?!
All I know is that he is the highest paid player at the club.
I thought this was all the fuss about Tevez and macherano when they went to West Ham....they are "employed" by a sports company who are based off shore somewhere and therefore pay minimal tax.
I assume the students will be high tailing it to maine Road as we speak to superglue their hands to the windows.
It amazes me that businessmen who in a lot of cases provide employment to thousands are castigated for taking a top salary, when some illiterate yob ( did I say Ashley Cole?) is paid somewhere in excess of £7.8million for kicking a fooball about ( assuming £150k a week) Taking Marsh's figures, Tevez takes home £14.5million! pa
Regarding the tax free bit, I would guess that he may be employed by a foreign company and therefore be self employed by City so his gross salary is paid into the foreign company. Depending on where this company is based it may not then pay any Company Tax and Tevez gets his distributions tax free. Not sure if, however, he is allowed to do that under premier league rules. If may of course just have been said as it sounds bad to make it a bigger story
Yes..this was the whole argument Sheffield United went to court with West ham about.
I would be very interested to know just how many players pay no tax in teh UK....wasn't there some issue with Arshavin who also thought he was being paid tax free at Arsenal?
On the subject of footballers' wages, this is what Robbie Savage was tweeting yesterday.
Haha Phil Thompson is a bitter man all them trophies but missed the boat on earnings chin up Phil I got one medal but 10 million more quid
followed by
Fact average prem players earn a fortune I'm lucky ! I wasn't even average I can say it cos I'm recent unlike Phil prehistoric thompson
I'm torn between laughing as I can't stand Phil Thompson on Sky, or thinking Savage comes across as a touch arrogant there
Regarding the tax free bit, I would guess that he may be employed by a foreign company and therefore be self employed by City so his gross salary is paid into the foreign company. Depending on where this company is based it may not then pay any Company Tax and Tevez gets his distributions tax free. Not sure if, however, he is allowed to do that under premier league rules. If may of course just have been said as it sounds bad to make it a bigger story
I dont think there is any offshoring of players wages, otherwise they would all be doing so and you would not have the Arshavin issue highlighted or other players that have gone to Spain where they exempt footbalers from top rate tax for a couple of years (so im told). No doubt there is creative accounting and offshoring of image rights and sponsorship deals.