Tax Consultant for Hire
I thought of calling this "Scolari is an Idiot", but what's the difference. All this talk about tax exemptions on the Portuguese squad's bonuses is complete bull.
Firstly, with the top Portuguese tax rate of 42%, which international footballer is going to worry about paying 20,400 euros of tax on a miserable 50,000 euro bonus?
Secondly, many of the players are not tax resident in Portugal. Most countries require declaration of all global earnings from their tax residents. So Pauleta, for instance, would have to declare the bonus anyway. If he did not pay tax on the bonus in Portugal, he would have to in France. Tax paid in Portugal would be deducted from his French tax bill. So it makes no difference!
Scolari should stick to what the FPF thinks he's good at - coaching. But if he needs some tax advice, I'll be around.
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