Lawn Tennis Association favors tax changesMarch 22, 2012 - 19:09 AMT PanARMENIAN.Net - Lawn Tennis Association chief executive Roger Draper has welcomed amended tax rules announced in Wednesday's, March 21 Budget that could make it easier for Britain to attract the world's top tennis players. The UK's tax system, which requires players to pay a percentage of their endorsement deals as well as their earnings while competing in the country, has become an increasingly major issue with two-time Wimbledon champion Rafael Nadal particularly vocal in his opposition. The Spaniard claims playing in the UK costs him money, but the announcement on Wednesday that training days will now be included when HMRC considers the proportion of global endorsements to tax is considered a step in the right direction by the LTA. Draper said: "I am pleased that the Government, like us, recognizes that the existing rules on endorsement tax pose a serious risk to the status and growth of our major sporting events, and I welcome the decision to include this in the Budget.” As well as the AEGON Championships, the tax rules are also an issue for the prestigious end-of-season Barclays ATP World Tour Finals, which were awarded to the O2 Arena in London in a five-year deal beginning in 2009, according to UKPA. Top stories Armenian gymnast, Olympic bronze medalist Artur Davtyan has reached the finals of the World Cup. Gor Manvelyan has denied reports alleging that he has expressed a desire to one day play for the French national team. Roma midfielder Henrikh Mkhitaryan is not considering FC Spartak Moscow as his next haven, according to fresh reports. 10 Armenian lifters will compete in the 2021 World Championships scheduled to be held from 7 to 17 December in Tashkent. Partner news | About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. |