Rafael Nadal says taxes are paid
MADRID -- Rafael Nadal said his tax obligations are up to date after a Spanish website reported the Australian Open finalist had set up several companies to trim his tax bill.
Nadal created companies in the Basque region to take advantage of a local tax rule to drop the amount of income tax he would have to pay from image rights, the Spanish website Primeran reported. Spanish media reported on Thursday that Basque tax authorities were investigating.
Nadal issued a statement acknowledging the existence of the companies, which had been transferred to his home residence of the Balearic Islands. Nadal said he gained "no benefit," while the companies mentioned "are up to date with the payment of all tax obligations."
Last fall, Nadal announced he would not play the Queen's Club tournament, a key grass-court warm-up for Wimbledon, saying he can "lose money" when he plays at a tournament in Britain because of the tax laws. International athletes are taxed on prize money and appearance fees in Britain, along with a portion of their worldwide endorsement earnings.
http://espn.go.com/tennis/story/_/id/7533608/rafael-nadal-says-tax-obligations-date-following-report?eleven=twelve
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