Usain Bolt allowed to race in the uk without sponsorship tax deductions.

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Usain Bolt allowed to race in the uk without sponsorship tax deductions.

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Allow the legend that is Usain Bolt to compete in the UK by withdrawing the "Agassi Tax Rule".

Usain Bolt, who signed the biggest sponsorship deal in athletics history earlier this week with Puma, has said that he will not race in Britain until tax laws are changed. Bolt was referring specifically to the “Agassi tax rule” which allows the UK government to take sponsorship money from athletes competing in Britain.

“There was a tax case to do with the famous tennis player Andre Agassi, and in his prime, he was a test case in the United Kingdom. It was all about whether his sponsorship income, he had a massive sponsorship from Nike, when he played in the UK, at Wimbledon, could be taxed in the UK.” explained tax attorney Francesca Lagerberg. “And what the courts said was yes, not only could they tax it, they could take a huge amount of that sponsorship income into the UK tax net.”

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