So, India will have to pay taxes for revenues earned in Australia. Fair enough. There are laws and these are in place for a specific purpose.
What boggles the mind are the numbers - Australian $ 1.5 million for 4 tests and a maximum of 11 ODIs.
Is this the reason why Australian cricketers are signing on to the IPL like it is going out of fashion?
After all, who wants to die poor after "services rendered for the country" :)
PS: Indian Express has put the number as USD 1.5 million.. Even more reason for the Aussies to line up for the IPL :)
Wednesday, December 19, 2007
What to make of this?
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5 comments:
Should I restart my cricketing career? :)
Homer, I am given to understand that India and Australia have a bilateral tax treaty and the players are taxed accordingly. As per the said treaty they can claim complete refund on taxes after returning to India.
This appears fair enough, but here is the irritant which probably upsets the players.
In India, match fees are already exept from tax! They can claim no tax refund on that! India taxes only money earned from sponsorships and adverts. So the players are in for a squeeze from both sides as opposed to one side.
Australia is one of the heaviest taxed nations on earth. It's so we can afford to lock up refugees.
The tax on Australian cricketers need to be reduced considerably... otherwise this is just the beginning of the exodus of people retiring early, immigrating to the cash leagues across the world. But just out of curiosity, Australia having won a majority of the series in the world should be having quite an amount of dough in their bank accounts. What are these guys paid in comparison to say a team like India? Anyone knows?
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