USEUROPEAFRICAASIA 中文双语Français
China
Home / China / Sports

Tax needles nadal

China Daily | Updated: 2011-10-15 07:25

Rafael Nadal on Thursday warned London was in danger of losing the season-ending ATP World Tour Finals because of punitive British tax rules for sports stars.

London won the right to host the year-ending showpiece from 2009 to 2013, but the Spanish world No 2 suggested that while players enjoyed playing in the British capital, tax was an issue.

When asked whether the top players would be against another deal for London because of the tax situation, Nadal said: "What I believe in my heart, there is a fantastic event, a full crowd every match. Fantastic stadium. But London is not the only city in the world.

"It is true, it's really tough what's happening today in the UK with the tax. There are a lot of things really positive but this thing is probably really negative.

"So if that changes the chances to keep having the World Tour Finals in London (featuring the top eight players of the season) are going to be very, very high."

Under British tax legislation, sports stars must pay a portion of tax on their worldwide endorsements, the proportion determined by how much time they compete in a year in Britain. They must also pay about half of their appearance fee.

The British tax ruling also was a factor in sprint Olympic champion Usain Bolt skipping the London Diamond League meeting last year.

Nadal, who crashed out of the Shanghai Masters on Thursday to Germany's Florian Mayer, is going to skip next year's Queen's tournament before Wimbledon in favor of Halle in Germany.

Agence France-Presse

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US