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Stories that are tagged 'Sports'

UK Government To Reform Horseracing Levy

by Jason Gorringe,, London

Tuesday, January 24, 2017

Bookmakers will be required to pay a 10 percent Horserace Betting Levy on profits from UK wagers on races taking place in the UK, Sports Minister Tracey Crouch has said. Read Full Story


High Number Of US Expats Giving Up Passports, Green Cards

by Leroy Baker,, Washington

Thursday, November 10, 2016

1,380 US taxpayers gave up their passports or their green cards in the third quarter of 2016, the second-highest quarterly number on record, according to Treasury Department statistics published in the Federal Register. Read Full Story


Germany, Costa Rica To Avoid Double Tax From Jan 1

by Ulrika Lomas,, Brussels

Friday, November 4, 2016

German's Finance Ministry on October 24 confirmed that the double tax avoidance treaty between Germany and Costa Rica will apply from January 1, 2017. Read Full Story


US Congress Passes Tax Break For Olympians

by Glen Shapiro,, New York

Monday, October 3, 2016

The United States Appreciation for Olympians and Paralympians Act has been sent to President Barack Obama for signature following Senate's approval of the bill on September 29. Read Full Story


Schumer Plugs Tax Breaks For US Olympians

by Mike Godfrey,, Washington

Thursday, August 4, 2016

US Senator Charles Schumer has urged the House of Representatives to pass bipartisan legislation already been endorsed by the Senate, that would exempt Team USA from income tax on medals or other prizes awarded to them during the Olympic and Paralympic Games. Read Full Story


SARS Issues Guide For Professional Sports Players

by Lorys Charalambous,, Cyprus

Wednesday, June 1, 2016

The South African Revenue Service has published a draft guide on the most commonly experienced tax issues and situations regarding the income and expenditure of professional sports clubs and players in South Africa. Read Full Story


UK Low-Income Taxpayers Warned On Gift Aid Donations

by Jason Gorringe,, London

Wednesday, March 30, 2016

Changes to UK tax rules may result in an unexpected tax bill for Gift Aid donors whose income may no longer be subject to tax in the 2016/17 tax year, the Low Incomes Tax Reform Group says. Read Full Story


US Proposes Tax Breaks For Olympians

by Mike Godfrey,, Washington

Monday, March 14, 2016

US Senators John Thune and Charles Schumer have reintroduced bipartisan legislation that would exempt Team USA from income tax on medals or other prizes awarded to them during the Olympic and Paralympic Games. Read Full Story


US Highway Bill Passed With Contentious Tax Measures

by Mike Godfrey,, Washington

Monday, December 7, 2015

On December 3, the US Congress passed a USD305bn bill to fund the Highway Trust Fund over five years, and included two contentious tax measures that involve the use of private debt collectors to recover unpaid taxes and the denial of passports to individuals with tax debt. Read Full Story


Non-Machine Readable Passports Phased Out

by Mike Godfrey,, Washington

Thursday, November 26, 2015

Member states of the International Civil Aviation Organization were required to allow all non-machine-readable passports to expire by November 24, 2015. Read Full Story




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