Apr 29, 2013

How to be a bad sport and move to a tax haven

Some of our true-blue sporting heroes seem to be taking up residency in countries with favourable tax arrangements. But how easy is it to do? Crikey intern Kylar Loussikian finds it may not work for him.

“Our Boy Adam Scott Wins” read the headlines when the Aussie golfer won the US Masters recently. Finally, one of our own winning the prestigious golfing event! Except that for taxation purposes, our champion is actually Swiss.

Countries that have the reputation as tax havens seem all the rage for Australia’s sporting elite — Pat Rafter is reportedly a resident of Bermuda, Bernard Tomic has moved to Monaco, and Scott resides in Switzerland (though not necessarily just for tax reasons).

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