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Tuesday, 6 August 2019

FOOTBALLER INCOME 2019

So,Harry McQuire, The Leicester City Defender is to join Manchester United for £190,000 per week.
Now, for taxation purposes, Harry should be paying tax of 40% less allowances ......about £60,000 give or take a thousand or two.
But, will he be paying that amount of tax ?
I wonder !
The chances are that some high earning Footballers might form a Limited Company, in some offshore country. They will pay a minute amount of tax, if any.
What will the UK HMCR do about it ?
Nothing. They are acting within the Law.
Rooney and many more high earnings might use this loop hold to stack away £Millions.
Not only in the U.K. are some of them  doing it but in many countries across the World.
For the rest of us, it is pay up or be prosecuted.
Is a Footballer really worth such grotesque amounts playing 90 minutes of football on a Saturday afternoon ? No.

Is the system fair ? No.
In the future, if you are a British Citizen and hold a British Passport, you should pay UK taxes, wherever you live in the World.
This Tax Policy should apply to everyone such as Entertainers and other High Earners.
An ordinary worker might earn £25,000 a year working 5 days a week 9 to 5 hours daily plus travelling time and cost.
If he or she owns a house, they must pay local taxes sometimes about £2,500.

Are we a fair Society ?

Think about this.












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