Jones is a particularly bad draw when you are seeded, I'd say! This tournament is actually played on the AO courts, so the players will undoubtedly benefit from this experience.
Ohh, the best thing about Australian Challengers/Futures is that you don't have to pay a tax on the prize money! I don't think any other major tennis nation does that?
-- Edited by Salmon on Saturday 19th of October 2013 09:32:42 AM
I wouldn't have said that either match-up was a great one.
On the other front, presumably, although you don't have to pay tax in Australia, UK players will still have to pay tax on their earnings in Britain. I would assume that most major tennis nations have mutual tax treaties, which mean that if you are a UK player and pay tax on earnings in - say - France, you then don't get taxed on that income in the UK (below a certain level). So there may not be any particular gain or loss on paying in-country. Though equally there might be - the detail is always key. Have long felt that working out tennis players' tax arrangements must be the stuff of a tax lawyer's dreams ... and everyone else's nightmares.
You're right - he never played for Australia. I knew he had switched nationality but I thought it was from AUS not USA - I was probably thrown by the fact that he played a number of Brits a few years ago in Australia.
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On the other front, presumably, although you don't have to pay tax in Australia, UK players will still have to pay tax on their earnings in Britain. I would assume that most major tennis nations have mutual tax treaties, which mean that if you are a UK player and pay tax on earnings in - say - France, you then don't get taxed on that income in the UK (below a certain level). So there may not be any particular gain or loss on paying in-country. Though equally there might be - the detail is always key. Have long felt that working out tennis players' tax arrangements must be the stuff of a tax lawyer's dreams ... and everyone else's nightmares.
A UK-resident player pays UK income tax on their worldwide earnings, after deduction of business expenses. Tax treaties between non-tax-haven countries usually give the jurisdiction in which the money is earned the primary taxing rights. The country in which the player lives will usually tax it as well, but will give a credit for the foreign tax paid.
Well, that's the theory anyway. It's hideously complicated, and not cost-effective for most tennis players to pay an accountant to sort it all out. (A lawyer would be no good - even they admit they're useless with figures.)
Ooh, I enjoyed that!
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I think it's just as relevant that by plying their trade for NZ, Venus and Sitak are presumably getting a greater amount of funding than what they got earlier. Plus they get wild cards at the Auckland event, so that helps to play the bills. NZ has about five people who do well at Futures level, so playing for them is a much better idea financially than being the 30th best American player at the age of 25.