Comments Thread For: Deontay Wilder: So Many Guys Ducking Me, So Many Using PEDs

[Robbie Barrett]

ARTICLE 7
Business profits
1. The business profits of an enterprise of a Contracting State shall be taxable only in that State unless the enterprise carries on business in the other Contracting
State through a permanent establishment situated therein.

PBC and Showtime to my knowledge has no ''permanent'' establishment in the UK, nor could they do justify exemption.

c'mon dude, the UK and the USA are greedy is fück. We're not talking about expats teaching kinder longterm or business, which even those citizens complain about taxes. This Double Taxation article doesn't mean exempt of one because of the other. That doesn't exist. For any county to vouch for your citizenship rights you MUST PAY A TAX one way or the other, and hells no the USA or the UK are going to do favors on boxing events where an earner is doing the millions.!

PBC and Showtime wouldn't be the lead promoters, everything would be run through Sky and Hearn.

Go find it then. The agreement is there.

[Scopedog]

Wasn't expecting to ever read a heated debate about UK income tax rules on this forum lol

[Robbie Barrett]

He hasn't, he called Eddie's bluff said guarantee AJ and I'll fight Whyte. Hearn went back to making excuses.

Can't guarantee a Joshua fight in the Whyte contract you bellend. They'd have to negotiate the financials etc for the Joshua fight before he even fought Whyte to do that.

[Lester Tutor]

PBC and Showtime wouldn't be the lead promoters, everything would be run through Sky and Hearn.

Go find it then. The agreement is there.

my brother, the USA is one of the worst countries hitting on their citizens making loot. Again, there are guidelines for tax breaks depending on the situations. The article you posted was one some petroleum based shızzz.

Trust me, Widler needs to be compensated more than what he would make in the USA because of the taxing.

Look here: Do you really think the UK and USA based govt. are going to slide taxes for millions with a boxing events??!! This was one of the reasons why Pacquiao was done dirty with his legacy earnings even though he was a Phillipine native.

US Expat Taxes in the UK

If you are a citizen or permanent resident of the United States, then you are obligated to file US expat taxes with the US federal government each year no matter the country in which you reside. In addition to the regular income tax return, you could also be required to file an informational return on your assets held in foreign bank accounts with form TD 90.22.1.

While the US is one of the few governments that tax the international income of their citizens and permanent residents who reside overseas, it does have special provisions to help protect them from double taxation including:

The Foreign Earned Income Exclusion allows you to decrease your taxable income on your 2012 US expat taxes by the first $95,100 earned as a result of your labors (and $97,600 for 2013) while a resident of a foreign country,
A foreign tax credit that could allow lower your tax bill on your remaining income by certain amounts paid to a foreign government, and
A Foreign Housing Exclusion that allows an additional exclusion from income for certain amounts paid for household expenses that occur as a consequence of living abroad.
With proper planning and quality tax preparation, you should be able to take advantage of these and other strategies to minimize or even eliminate your tax bill. Please do note that you will still need to file even if you know you will owe no US expat taxes. For more information, see US Expat Taxes Explained: An Overview of Our New Series.

UK Income Tax Rates

For the 2012-2013 tax year, the national income rates from Her Majesty’s Revenue & Customs (HMRC) are as follows:

Earnings in GBP (£) Rate Applicable to Income Level (%)
0-2710 Starting Rate for savings: 10%*
0-34,370 Basic rate: 20%
34,371-150,000 Higher rate: 40%
Over 150,000 Additional rate: 50%
For the 2013-2014 tax year, the national income rates from Her Majesty’s Revenue & Customs (HMRC) are as follows:

Earnings in GBP (£) Rate Applicable to Income Level (%)
0-2790 Starting Rate for savings: 10%*
0-32,010 Basic rate: 20%
32,011-150,000 Higher rate: 40%
Over 150,000 Additional rate: 45%
*If your non-savings income is above £2,710 (2012-2013) or £2,790 (2013-2014), this rate does not apply.

You are able to exclude £8,105 of your income as a personal allowance for 2012-2013. Note that this will be reduced by £1 for every £2 of income over £100,000, regardless of age.

[Chunk..]

You keep repeating this, but the facts don't support your premise.

He's willing to fight Whyte as part of a two part deal that guarantees Joshua if he beats Whyte.

Eddie said no. So move on.

Turning down £4M to fight a bum is ****** regardless.

[Straightener]

You keep repeating this, but the facts don't support your premise.

He's willing to fight Whyte as part of a two part deal that guarantees Joshua if he beats Whyte.

Eddie said no. So move on.

Think Eddie replied no to having wilder on the same contract as the whyte fight

Said something Along the lines of it doesn't work like that

One thing is for sure if wilder comes over and drills whyte (which he should) the Joshua fight will be a lot bigger

[Robbie Barrett]

my brother, the USA is one of the worst countries hitting on their citizens making loot. Again, there are guidelines for tax breaks depending on the situations. The article you posted was one some petroleum based shızzz.

Trust me, Widler needs to be compensated more than what he would make in the USA because of the taxing.

Look here: Do you really think the UK and USA based govt. are going to slide taxes for millions with a boxing events??!! This was one of the reasons why Pacquiao was done dirty with his legacy earnings even though he was a Phillipine native.

US Expat Taxes in the UK

If you are a citizen or permanent resident of the United States, then you are obligated to file US expat taxes with the US federal government each year no matter the country in which you reside. In addition to the regular income tax return, you could also be required to file an informational return on your assets held in foreign bank accounts with form TD 90.22.1.

While the US is one of the few governments that tax the international income of their citizens and permanent residents who reside overseas, it does have special provisions to help protect them from double taxation including:

The Foreign Earned Income Exclusion allows you to decrease your taxable income on your 2012 US expat taxes by the first $95,100 earned as a result of your labors (and $97,600 for 2013) while a resident of a foreign country,
A foreign tax credit that could allow lower your tax bill on your remaining income by certain amounts paid to a foreign government, and
A Foreign Housing Exclusion that allows an additional exclusion from income for certain amounts paid for household expenses that occur as a consequence of living abroad.
With proper planning and quality tax preparation, you should be able to take advantage of these and other strategies to minimize or even eliminate your tax bill. Please do note that you will still need to file even if you know you will owe no US expat taxes. For more information, see US Expat Taxes Explained: An Overview of Our New Series.

UK Income Tax Rates

For the 2012-2013 tax year, the national income rates from Her Majesty’s Revenue & Customs (HMRC) are as follows:

Earnings in GBP (£) Rate Applicable to Income Level (%)
0-2710 Starting Rate for savings: 10%*
0-34,370 Basic rate: 20%
34,371-150,000 Higher rate: 40%
Over 150,000 Additional rate: 50%
For the 2013-2014 tax year, the national income rates from Her Majesty’s Revenue & Customs (HMRC) are as follows:

Earnings in GBP (£) Rate Applicable to Income Level (%)
0-2790 Starting Rate for savings: 10%*
0-32,010 Basic rate: 20%
32,011-150,000 Higher rate: 40%
Over 150,000 Additional rate: 45%
*If your non-savings income is above £2,710 (2012-2013) or £2,790 (2013-2014), this rate does not apply.

You are able to exclude £8,105 of your income as a personal allowance for 2012-2013. Note that this will be reduced by £1 for every £2 of income over £100,000, regardless of age.

You've proven nothing.

You saying "trust me" etc means nothing. You're claiming that he will be heavily taxed in both countries without evidence.

If what you are saying was true UK and US fighters would never fight each other.

[N/A]

Said something Along the lines of it doesn't work like that

"Do X and I'll give you Y."

"Ok, no problem. Just put it in writing."

"Put it in writing? Ummm uhhhh, eeekkkk, uhhh, it doesn't work like that! Ya, uh, ok bye."

[N/A]

Turning down £4M to fight a bum is ****** regardless.

It's almost as if Eddie isn't telling the truth . . .

[Robbie Barrett]

It's almost as if Eddie isn't telling the truth . . .

Wilder has done a lot of talking has he ever denied the $4 mil offer? I don't believe he has, in fact i think he acknowledged it when he asked for 7. You questioning if it's real is pathetic.