News Archive

Mo Tu We Th Fr Sa Su
12345
6789101112
13141516171819
20212223242526
2728293031


News Alerts

Get daily news updates via:
Email    [Preview]
Rss Rss
Skype
AOL Messenger
Add to Google iGoogle
My Yahoo! My Yahoo!
SMS SMS
Twitter


  • email Email article
  • print Print version
  • bookmark
  • Add to your del.icio.us del.icio.us
  • Digg this story Digg

Players pick up tax liability if a Club pay their agent

Adjust font size: Decrease font Enlarge font
Dr Bill Gerrard, professor of sport management and finance at Leeds University Business School, claims that according to English income tax laws, fees paid by clubs to agents are effectively indirect remuneration to the players, who would therefore be liable for taxation. “If an agent isn’t performing any services to a club it is effectively payment in kind to the player. If players are picking up tax liability for agents’ fees that will very much make it in the player’s interest to limit the level of agents’ fees”, Dr Gerrard told media. However, such payments are also in contradiction to art 12.4 of FIFA Regulations governing licensed players’ agents, stating that “only the client engaging the services of the players' agent, and no other party, may remunerate him.”
Source: euFootball.BIZ © Copyright 2006 - All rights reserved.

  • email Email article
  • print Print version
  • bookmark
  • Add to your del.icio.us del.icio.us
  • Digg this story Digg

© Copyright message

The copying, republication, redistribution or web posting (including by framing or similar means) of this content is expressly prohibited without the prior written consent of euFootball.BIZ

-
Powered By Vivvo CMS