Advantage Tennis Players
Some professional athletes do care about taxes.
The Lawn Tennis Association is the national governing body of tennis in Great Britain. Earlier today, LTA CEO Roger Draper said he was pleased that today’s Budget announcement contained an amendment to the rules governing how global sponsorship winnings of foreign (non-U.K.) players are taxed.
The amendment called for the inclusion of training days in the calculation for the proportion of endorsement winnings to tax. The tax had been based on the number of U.K. tournaments players participate in in proportion to the total number of tournaments played during the year.
Because of the previous formula, Rafael Nadal had decided to not play at the 2012 Aegon Championship at Queen’s. We should expect Nadal to appear in more U.K. tournaments going forward.