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Athletes competing in the United Kingdom have their earnings on endorsement deals taxed by Her Majesty’s Revenue & Customs, the British tax collector. How did the London Games manage to attract some of the world’s best athletes anyway? With an exemption on that tax, of course. Thus Usain Bolt, who hadn’t competed in England for three years, appeared at the Olympics but says he’s not coming back until the tax laws are loosened. And he’s not the only one. Read More |