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" Judge Sir Gavin Lightman of the London High Court on Wednesday ordered Agassi to pay taxes on income that Nike and Head Sports paid to his U "You're paying taxes there or you're paying taxes here "At the end of the day, it's nearly a dollar-per-dollar wash on the taxes you have to pay here (in the United States)," Agassi said Thursday night after defeating Guillermo Coria 6-4, 7-5 to reach the Pacific Life Open semifinals S When I'm there for two weeks, they prorate it and figure it's worth about $50,000 -based company, Agassi Enterprises Inc I don't really begrudge them for it; no financial cost to me," he said The ruling could affect other athletes such as Tiger Woods, Venus and Serena Williams, and other stars who play in Britain Paying taxes on endorsement earnings there, however, will be offset by a foreign tax credit that will lower the tax bill in the United States Athletes already pay taxes on prize money I'd be paying that one place or the other "What they're saying is, when I perform over there in England, because I'm wearing Nike, I play with Head products, that these are revenue sources for me," said Agassi, who has played Wimbledon 13 times and was the 1992 champion Turning down an appeal filed by Agassi's firm, the court ruled that any athlete or entertainer who competes or performs in Britain has a liability to pay a prorated tax on endorsement income Agassi Isn't Concerned With Court Ruling Mar 19, 2:03 PM EST Andre Agassi isn't overly concerned about a British court ruling that will cost him some $50,000 in taxes there on endorsement earnings "In England, I'm going to get a lot of TV time, it's Wimbledon, and they deserve a percentage of what my contracts are with Nike and with Head com/ Ray Charles Plans Show After Sick Leave Jan 7, 5:43 PM EST Ray Charles says he'll return to the stage in March after recovering from hip replacement surgery " Charles last performed in July, but acute discomfort in his left hip forced the singer-pianist to cancel his remaining 2003 tour dates â€â€?â€â€?â€â€? On the Net: http://www "Music and performing are in my blood "I am absolutely thrilled at the prospect of going back to work before the public I love," Charles, 73, said in a statement Wednesday A movie based on his life story, "Unchain My Heart: The Ray Charles Story," starring Jamie Foxx, has finished filming It was the first time Charles canceled a tour in 53 years His March 2 concert at New York City's Lincoln Center will be his first performance in eight months raycharles I need them like oxygen He is undergoing physical therapy at his Beverly Hills home and recording a duets album with several musicians, including Norah Jones, James Taylor, Bonnie Raitt and Willie Nelson, spokesman Jerry Digney said |
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