Taxation, sportspeople and invention
It is known that most athletes love their homeland passionately and are willing to do anything to save their territory, or at least until the time they pay their taxes. There are therefore different situations in this regard.
The first is to set up a company and not to tax as a natural person, but as a legal person. All goods and revenues managed through the company are excellent tax results, and if this company has losses nothing to say... But there are others, if we think that the taxes that the company has to pay are excessive, there is always the possibility that within our nationalism we can locate our headquarters in Monaco or Switzerland. As is often said, money has no homeland and and the morality of some sportsmen, but good. We have had many examples of this kind in the State, and in ours too – I am not going to give a name – we have had some case. Therefore, do not think that the Basques are vaccinated against this problem.
Although there is an opposite example, that is, tricks to help those who are not continually kissing our flag. So in the past time, a special rate of 24 percent was invented for the first six years of his stay to attract senior external executives, an argument of the skilled immigrants who are fashionable, rather than the usual 48 percent, now somewhat larger. Of course, no high-level executive has come, but an unbeatable legal gap has been opened to attract the brilliant sports stars from outside. For example, Cristiano Ronaldo pays 24% in his income declaration, more or less what a mileurist pays.
The responsible institutions can say that all these measures maintain and/or attract the amounts to be allocated or not, so the final result is positive in monetary terms. Tax experts are of the opinion that things are not so automatic and that there are many other factors that influence taxation and the amounts obtained through it, in reality there are many examples. In addition, these arguments can have a little more credibility in a company, but not with high-level athletes who are totally exempt. So there are other things at stake here.
And finally, the invention: Can you guess from the information given to us by Cristiano Ronaldo when he is going to leave Real Madrid?
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