RBSC

Collapse

Announcement

Collapse
No announcement yet.

Francis advocates tax exemptions for athletes

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Francis advocates tax exemptions for athletes

    Stephen Francis advocates tax exemptions for athletes
    Posted By admin On November 13, 2009 @ 6:32 am In News | No Comments
    google_protectAndRun("render_ads.js::google_render _ad", google_handleError, google_render_ad); [1] Stephen Francis

    KINGSTON: World-renowned sprint coach Stephen Francis, on Thursday, said that the relationship between the Jamaican Government and the nation’s athletes need to be “symbiotic and not parasitic”.

    Francis, founder/director and head coach of MVP Track & Field Club, the home of Asafa Powell, Shelly-Ann Fraser, Brigitte Foster-Hylton, Melaine Walker, Shericka Williams, Michael Frater, Nesta Carter, Kaliese Spencer, Anniesha McLaughin and Germaine Mason, urged the government to “give back” to the athletes.

    He said the government has not invested tangibly but had benefited tremendously from the world’s fascination with the exploits of these Jamaican youths.
    Francis, who was speaking at the CAST/UTech Alumni Power Breakfast held on Thursday morning at Lillian’s Restaurant on the school’s campus, advocated income tax exemptions for the athletes.

    Citing the high cost of developing and caring for the athletes and the Government’s lack of participation in the development process, coach Francis said that he had consulted with media professionals in Europe, who estimate that Jamaica’s success at the World Championships in Berlin (August 2009) and the Beijing Olympics (2008), had each resulted in 96 ‘accrued’ hours of positive television exposure, per year.

    He conservatively estimated the value of this exposure to be worth more than US$700,000.
    UTech President, Professor Errol Morrison, urged the Government to reconsider its recent rejection of the University proposal to utilize the Trelawny Multipurpose Stadium as its ‘Western Jamaica’ Campus.

    Professor Morrison presented Francis with the Chancellor’s Medal, in recognition of his most outstanding contribution to the University’s development.

    UTech’s director of sports, Anthony Davis, was presented with a check, approximately US$89,887 to upgrade the University’s sports infrastructure.
    Life is a system of half-truths and lies, opportunistic, convenient evasion.”
    - Langston Hughes

  • #2
    Exemptions from which taxes exactly? Surely not income taxes.. especially for some...
    Peter R

    Comment


    • #3
      What wrong with Franno? People a make millions(some) and they must excempted. I can understand the ones who not making much but...
      • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

      Comment


      • #4
        Mi bredren deh pon sumpten.


        BLACK LIVES MATTER

        Comment


        • #5
          Everybody must pay income tax. That's why the system is P.A.Y.E. You don't earn much, then your taxes will be minimal.
          Life is a system of half-truths and lies, opportunistic, convenient evasion.”
          - Langston Hughes

          Comment


          • #6
            PAYE applies only to salaried people.

            Not everyone pays income tax to the same degree.

            Athletes are short careered. They should pay their fair share like all else, but in recognition of their lack of longevity, they should be allowed to deduct heavy training/travel expenses AND have a portable IRA like instrument that remain tax free until retirement (age 60 or so) or if they make early withdrawals. These account would be frozen ordinarily until retirement.

            Comment


            • #7
              Originally posted by Willi View Post
              PAYE applies only to salaried people.

              Not everyone pays income tax to the same degree.

              Athletes are short careered. They should pay their fair share like all else, but in recognition of their lack of longevity, they should be allowed to deduct heavy training/travel expenses AND have a portable IRA like instrument that remain tax free until retirement (age 60 or so) or if they make early withdrawals. These account would be frozen ordinarily until retirement.
              Just as long as that "short-career" rule is applied across the board for footballers, cricketers, badminton players, models, Aidonia, etc.


              BLACK LIVES MATTER

              Comment


              • #8
                Rubbish, why should they not pay taxes here? They are among the wealthiest of the population and they need to play their part too.

                Once they make over minimum wages they should pay taxes

                But on the other hand, how much money do these top athletes make here in Jamaica and they would have paid taxes in the countries they earned the money already and the law does not support double taxing...
                Solidarity is not a matter of well wishing, but is sharing the very same fate whether in victory or in death.
                Che Guevara.

                Comment


                • #9
                  LOL! Aidonia, what about IWayne havent heard much from him lately and the youth who did the song about "Im over you, not in love with you, been through the fire and the rain...."
                  Solidarity is not a matter of well wishing, but is sharing the very same fate whether in victory or in death.
                  Che Guevara.

                  Comment


                  • #10
                    Footballers and cricketers are not athletes anymore?

                    LoL

                    Comment

                    Working...
                    X