Portfolio in paradise
Jason gets his kicks in offshore pics.
See how he does it below…
When most people go to work they get paid a wage for what they do and that’s the end of it. When you’re a professional sports person, like Jason, on thousands a week it’s all a little more complex than that.
You have your employment contract for blitzing a car around a track for sure, but many also get paid serious sums by their teams for the use of their ‘image rights’.
Yes, that’s their photos to you and me.
And those payments go to companies they own, where much lower rates of tax can be paid than would the case if they received the money as part of their salary, or the income can be diverted to other family members (reducing the effective tax rate), or offshore in the case of foreign sporting stars.
Where would you stick your pics? Here’s our top twenty tax havens:
Andorra, Anguilla, Antigua, Antilles, Aruba, Bahamas, Belize, Bermuda, Cayman Islands, Cook Isles, Guernsey, Isle of Man, Jersey, Liechtenstein, Mauritius, Monaco, Panama, Thailand, Turks & Caicos Islands, United Arab Emirates.