Tag Archives: taxes

The Grass Isn’t Greener On The Other Side Of The Pond

The Grass Isn't Greener On The Other Side Of The PondTaxpayers in the U.S. have to deal with paying taxes in the states in which they live or work.  I have clients who receive income in several states, and we have to file returns for each state in which they have earnings.

That’s not fun, but it’s understandable.  But imagine having to pay taxes to a country that you visit, but in which you don’t even earn anything.  That’s the potential situation facing Tiger Woods, who could find himself subject to tax in the United Kingdom if he plays in the Ryder Cup—which doesn’t pay anything to participating golfers.

As The Independent reports the U.K. can attempt to collect taxes on a portion of worldwide income from athletes and other entertainers who perform there—even if the performers don’t actually earn any money while in the U.K.  In Woods’ case, visiting Wales, where the Ryder Cup is being held in 2010, could generate a tax bill of around $1.5 million.  That’s no chip shot.