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Taxation of Sports

This tag is associated with 2 posts

Penny-Wise: Tax Structuring by Athletes through Incorporation

By Seshank Shekar Introduction It has become a fairly regular and widely accepted practice among many high profile athletes to incorporate separate legal entities. These legal entities are usually in the form of ‘loan out’ corporations wholly owned by the athlete. Typically the athlete then becomes an ‘employee’ of his own corporation, and the primary … Continue reading

Taxing Times: Professional Athletes and Tax

By Seshank Shekar and Prabhjyot Chhabra Introduction Professional athletes or sportsmen are perhaps among the most mobile and high income individuals in the world today. The income earned or generated by such individuals is diverse and is spread across various jurisdictions. Apart from direct earnings related to the live performance or competition, the income of … Continue reading