Bolt baulks at tax disincentive

PARIS - Triple Olympic champion Usain Bolt says he will not compete at next month's Diamond League meeting in London because of Britain's tax laws.

PARIS - Triple Olympic champion Usain Bolt says he will not compete at next month's Diamond League meeting in London because of Britain's tax laws.

"I am definitely not going to run (in London)," Jamaican Bolt told a news conference yesterday ahead of Friday's Diamond League meeting in Paris.

Asked if this was because he would lose more money than he would earn from running in London, Bolt replied: "That is what my agent told me."

Britain's Daily Mail newspaper reported that if Bolt competed once in Britain and only five races elsewhere, British tax authorities would demand one-sixth of everything he earns, whether in Britain or not. - Reuters

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