Why don't boxers fight in tax havens?

[lokkebassen123]

Why don't boxers fight in tax havens like the UAE or Saudi Arabia.
I know there's a card there like 1-2 a year why wouldn't it be more popular saves money for everyone.

They would be taking home a much larger purse. Since no tax. Most fighters are taxed around 40% depending on the state (USA). I dont know about Europe. But it would be close to that of the US.

Lets say a fighter has 1 million USD purse in the US. After paying everything. He takes home around 450,000 USD. In other 45% of the purse.

Now lets compare that to Saudi Arabia, UAE or Monaco. Where there is no income tax. The fighter would be walking home with around 65-70% of the purse or easier said 650,000-700,000 USD.

[lokkebassen123]

Danny Garcia said that he took home 450k from his million dollar pay day.

Go to 3:50

https://www.youtube.com/watch?v=sUqQrd_G954

[MUNG]

yeah the actual mecca of boxing, the saudi mecca

dont think the fan's would buy into it tho, i mean the real fans

[NC Uppercut]

Thats why they avoid NY sometimes. Plus the NY insurance.
A lot of these boxers cant get a passport to fight over seas either.

[RJJ-94-02=GOAT]

Didn’t stop those Matchroom scumbags with AJ-Ruiz 2.

[Luilun]

Why don't boxers fight in tax havens like the UAE or Saudi Arabia.
I know there's a card there like 1-2 a year why wouldn't it be more popular saves money for everyone.

They would be taking home a much larger purse. Since no tax. Most fighters are taxed around 40% depending on the state (USA). I dont know about Europe. But it would be close to that of the US.

Lets say a fighter has 1 million USD purse in the US. After paying everything. He takes home around 450,000 USD. In other 45% of the purse.

Now lets compare that to Saudi Arabia, UAE or Monaco. Where there is no income tax. The fighter would be walking home with around 65-70% of the purse or easier said 650,000-700,000 USD.

You still have pay taxes unless you work over 6 months knew Other Veterans who would work over seas in the Middle East they would tell me about not paying taxes but if you came home prior to the 6 months you would have to pay Federal and State taxes

[1Eriugenus]

If someone is resident in the US or the UK they pay tax on all their earnings. They don't pay less tax because they fight out of the country!

[_Rexy_]

You pay taxes to the country you live in, not the one you fight in. They would have to live in one of those ****holes.

[Inspired]

You pay taxes to the country you live in, not the one you fight in. They would have to live in one of those ****holes.

believe me, Saudi and the UAE are a lot nicer than the uk or most parts of the US EXCEPT for when it comes to human rights.

My indian (******) friend moved to Jeddah from Bolton. The guy is living on hell of a nice life there...he doesnt speak arabic, only english. He earns twice what he would earn here and he barely has qualifications. The guy is a drinker, likes to smoke a lot of pot too...not religious at all. I thought when he went he would stop all that but instead he tells me it's worse there than in the west. Real decadent place. The only difference is they do it all behind closed doors. like prohibition era US.

my sister lives in al khaima. it's cold and depressing in the uk right now, whilst she's sunning it up and earning decent money (she's an english teacher).


You're right though, we have to pay tax in the country we live in.

[Ray*]

If someone is resident in the US or the UK they pay tax on all their earnings. They don't pay less tax because they fight out of the country!

Thanks for point this out, because it seems a lot of people aren’t that clued up in regards to this. Just because they fight in those places doesn’t mean they wouldn’t be paying their taxes on their earnings as normal.