If you were a top tennis player with millions of dollars in income, would you live in your home country or in a tax haven?

@filippesek4190

2 жыл бұрын

What are the taxes in Monte Carlo. Is it zero?

@robeckdo

2 жыл бұрын

For sure I would live in a tax heaven. As Javier Milei says "Tax heaven exists because tax hell exists." It doesnt matter what job a person does, each person works hard for his/her money. It is not fair to give a big amount of it to politicians. But I also think that each person has the freedom to choose where to live and who to give his/her money (like Nadal in Spain or Djokovic in Montecarlo).

@MrBen51309

2 жыл бұрын

@@robeckdo Roads/hospitals/social security doesn't pay for itself unfortunately.

@robeckdo

2 жыл бұрын

@@MrBen51309 You don't need the state to build roads, hospital or get social security. People can organize by themself and hire a company to build a road. Hospitals can be private and provide much better health service than a public hospital. You dont need the state to give you money when you are old. You can save money, invest it and get your own social security. Maybe you like to depend on the state, I dont.

@MrBen51309

2 жыл бұрын

@@robeckdo You depend on the state every day of your life. As do I, a homeowner with private health insurance. If you understand what corporate welfare is you'll know that it applies to big businesses including private hospitals. Luckily as a society we've generally moved past the "just let poor people die" mindset despite what some people want.

What a gem Rafa Nadal is ❤️

@mytennishqtv8696

2 жыл бұрын

👏🏼👏🏼

@kingnole4237

2 жыл бұрын

As a muslim you should support Djocovic

@mike_404

2 жыл бұрын

@@kingnole4237 Wth?

@sameersaiyed7481

2 жыл бұрын

I don't dislike Nole, infact I love him and admire him for what he has achieved but my ❤️ beats for Rafa. Vamos Rafa always 🤗

@HI-yq3dt

2 жыл бұрын

He literally hails from a family of millionaires. Money isn't new for him. Unlike all other top 10 players

How can you hate on Rafa after hearing that quote… What a role model to look up to as a human being.

@Crisfersan1

2 жыл бұрын

No one can criticize that, but most of the money colected by goverment is wasted and even stolen. People is just stupid if they think paying those ridiculous taxes is necesary for hospitals, education, and all that stuff. Reality is much worse than that. Blaming wealthy people for going to Andorra, Monaco, Dubai, or Switzerland is being stupid. Its totally understandable. Specially when you live in spain where the goverment takes at least half their income and they still criticize rich people in the media. Meanwhile politicians take everything they can out of our pockets and avoid their own rules. They are SCUM

@abdvs325

2 жыл бұрын

Yeah better that a rich person buys another yacht than to have hospitals and schools and roads and fire services and police and nurses and doctors

@Crisfersan1

2 жыл бұрын

@@abdvs325 Most of the money is for the politicians and their friends. They are like parasites. Public is unefficient and wasted by those thiefs. Keep living in a bubble buddy

@muccisebastian9300

2 жыл бұрын

Well, to be fair Mallorca is a paradise compared to Serbia, its not that hard to live in there

@pixelpusher1393

2 жыл бұрын

@@Crisfersan1 It´s funny, most people making such statements give more away about themselves than about the issue they comment on. Basically, you´re admitting to being unable to imagine it any other way than to exploit a position of even moderate power to your own advantage. In other words: Your comment serves as potential justification for your own behaviour, were you yourself in such a position. Or maybe you are in such a position, shamelessly exploit it, and try to justify your beaviour after the fact. Fun fact: Between 2017 and 2021, the USA was "run" by a "president" (I´m using the term in the loosest possible way) who was elected, among other reasons, by catering to the exact same sentiments among his cult members. Guess what: He shamelessly used the office for his own and his family´s personal benefit and enrichment. His project was to make the USA his 7th bankruptcy for reasons of tax evasion. Most people making broad, sweeping statements of this kind try to hide an agenda behind it. There is nepotism in politics, for sure, but that is why you have checks and balances and an independent judiciary in any reasonable form of democratically elected governance. I do not for a second trust people like you are trying to discredit a democratic system in the way you did. The damage that white collar crime and tax evasion etc. cause every year is a multitude of what those politician you refer to take out of the system. I do not condone such behaviour where it occurs, but your scale by which you measure this is way off.

Nadal is a top class human being. Being GOAT is not just about statistics.... But also about attitude, character and commitment.

@gerardosoto4041

2 жыл бұрын

In that case novak wins that too

@elihg3827

2 жыл бұрын

@@gerardosoto4041 21

@myshownvjhope

2 жыл бұрын

Nadal has a poor character. Not bad but poor. Super poor.

@thehumbleone7989

2 жыл бұрын

Well Novak spends his earnings to help people. Why giving the state tax money if you can help people with that money directly

@mike_404

2 жыл бұрын

@@elihg3827 360 > 209 37 > 36

Fun fact: Pat Rafter once won Australian of the Year despite residing in Bermuda for tax reasons.

@mytennishqtv8696

2 жыл бұрын

😂😂😂

@muccisebastian9300

2 жыл бұрын

I bet Australia president does deserve the prize

@mariagabbott

2 ай бұрын

He is still an Australian citizen despite being a consideted and overseas resident. I don't see what the problem is unless it's a case of tall poppy syndrome

@mariagabbott

2 ай бұрын

​@@muccisebastian9300Australia doesn't have a president but a prime minister. It's not a Republic yet

And I thought I couldn’t love Nadal more.

@mytennishqtv8696

2 жыл бұрын

The guy is a legend

@rafagoat575

2 жыл бұрын

@@waingro5834 His foundation is considered non profit so does every single foundation top athletes own. His academy is considered non profit? what are you talking about lol. And he still pays taxes for all the prize money and sponsorships, which in nearly 20 years is a crazy amount of millions.

@rafagoat575

2 жыл бұрын

@@lov6858 Yeah, I've heard that crap before lol. Unfortunately for you I'm Spanish, so you can't fool me. Ferrero lived in Montecarlo and represented Spain. Muguruza lives in Switzerland and represents Spain. I'm sorry to destroy your bullshit hahaha 🤣🤣🤣

@raider968

2 жыл бұрын

@@lov6858 That's incorrect. To represent a country at Olympics, you have to prove nationality and NOT citizenship. Having an active Spanish citizenship status is ONE way of proving nationality, but there are other ways too. Other valid reasons include being born in Spain or having Spanish ancestry (eg mother was Spanish). Nadal would qualify for both. So even if he does move to Montecarlo, he could still represent Spain during international competitions.

@Bambotb

2 жыл бұрын

Communist

typical Nadal...down to earth and not greedy. just a normal nice guy who happens to play tennis.

@sandman1347

2 жыл бұрын

There's nothing "greedy" about avoiding double-dipping taxation. It's just common sense to protect your assets.

@romanista9776

2 жыл бұрын

@@sandman1347 Fax

@anlace3447

2 жыл бұрын

@@sandman1347 when you already have millions, will never need to work for a wage again and live very comfortably, and you still want to acquire even more millions, that is kind of greedy.

@Bambotb

2 жыл бұрын

Greed is thinking you're entitled to people's mone not keeping what you worked hard for

@sandman1347

2 жыл бұрын

@@anlace3447 It's very easy to say that about someone else's money. No one knows what the future holds and there have been many athletes who have made millions and ended up broke. Stop watching someone else's pockets and focus on your own.

I was there a few years ago. The streets near the casino was packed with Lamborghini, Ferrari, Bugatti... And there are hundred of mega yachts parked at the seashore just outside of the casino. That's insane

@marianagaoka9687

2 жыл бұрын

That's the money that otherwise would end up in government's hands. Hard to make a judgement about life in Monaco so I will just shut up.

@kriss581

2 жыл бұрын

I hate those kind of places so much. It is like a fake Disney world for millionaires, so cut off from reality it makes me uneasy...

@grunchlk

2 жыл бұрын

Yes, if you see a Citroen 2cv, you think 'wow, classy' ;)

@PS987654321PS

2 жыл бұрын

It's where the trash of the earth likes to hang out. I'm glad Monte Carlo exists as it keeps the riff-raff out.

@steveturner609

2 жыл бұрын

@@kriss581 - Absolutely agree with you , it’s like the Greed and Selfishness of the World all locked in right there!!

Rafa is goat of life. What a quote!

You might add the Monte Carlo Country Club has 21 clay courts and great facilities and unlike other clubs as long as you have the money you can join aka no waiting list! Failing that, you can join Tennis Club de Monaco for 400e. If that's too steep drop down to Cap d'Ail where they have 5 clay courts for 20e per hour 🙂

@mytennishqtv8696

2 жыл бұрын

Great info!

@Gezza2515

2 жыл бұрын

@@mytennishqtv8696 Hey what about a segment on top 10 Adult coaching clinics. eg like Mouratoglou in Nice. ie where adults who play some club comp, or perhaps take their tennis a little seriously, can get away and have a holiday but also improve their game. Any good???

@Mrfireface2

2 жыл бұрын

This has 0 to do with it. Its all about the money.

@vincal.3178

2 жыл бұрын

@@Gezza2515 yeah true they live in Monaco and top guys take theire car and 30 mn later they are at the Mouratoglou tennis academy to train and everything else! Better to live in Monte Carlo to not pay taxes then to live in France for exemple (which they could to be even closer from the Academy... but in my point of view the place where is the academy today wasn't made just like that. They knew top guys would be in Monaco that's why it is so close from it)

@Gezza2515

2 жыл бұрын

@@vincal.3178 Ha! Yes heading off to Mourat in June for a bit of fun as started playing seniors comp in Australia

Didn't realize so many tennis players lived in Monte Carlo! Awesome video!

This type of "situation" happens every where and in all forms , shapes and sizes. Nice vid on Monte Carlo.. I now want to visit there

Rafa has my heart

@mytennishqtv8696

2 жыл бұрын

Same here!

@joniljoseph2934

2 жыл бұрын

The people's champ!

@StudyingManually

2 жыл бұрын

Hey Adela, I like Nadal as well ❤

Great video!

Incredible quality. Expected you to have way more subs!

@mytennishqtv8696

2 жыл бұрын

Thank you!

The amount of people here judging them like they wouldnt do the same thing if they were in that position 😂

@rafagoat575

2 жыл бұрын

Nadal never did tho

@eddymannylow8216

2 жыл бұрын

I'm not. And what do you do now, huh?

@sandman1347

2 жыл бұрын

People are ridiculous. We all try to make good decisions with our money. Only a moron blames another man for doing the same.

@Bambotb

2 жыл бұрын

People are jealous fuckq

@bsrussian

2 жыл бұрын

@@rafagoat575 rafa will be rich as hell no matter what. he just wants to live at home and the money made up isn't worth it for him.

I liked your video, thanks. Greetings from the beautiful Algarve. Thinking of moving to Monaco next to Rosberg. :)

@mytennishqtv8696

2 жыл бұрын

Thank you! Good luck 😊

Another reason I always like about Nadal. If Nadal doesn't play tournaments, I care less to watch. Great last OA final match (I didn't sleep at all watching through out the entire early morning, PST).

Managing/ameliorating JETLAG is definitely an important issue. (Working internationally I discovered how debilitating jetlag can be).

Amazing stuff 🥰

Wonderful video.... Very Valuable Information... I LOVED IT. 😍. NADAL....😳😳 OMG The Unselfish player EVER.

Zverev said : I don't care about Winning tournaments.. i am earning money.. And then there is Rafa Nadal

@mytennishqtv8696

2 жыл бұрын

👏🏼👏🏼👏🏼

@joshheinink

2 жыл бұрын

I know who I'd rather be

@lvlup3173

2 жыл бұрын

@@lov6858 so zverev represent monaco this Olympics bcoz he is living in monte Carlo ..? Right ??

@rafagoat575

2 жыл бұрын

@@lov6858 Ferrero lived in Montecarlo and represented Spain. Arantxa Sánchez Vicario lived in Andorra and represented Spain. Muguruza lives in Switzerland and represents Spain. Stop spamming that crap lol

@paparazzi.IndianFootball

2 жыл бұрын

@@joshheinink i mean.... As far as I'm concerned after a point there's only so much money a man could want. And it becomes more about leaving a lasting legacy after that

Bravo Nadal. I wonder what are the arrangements for living conditions in Monaco for coaches and physio and all the players' staff.

@pneron2032

2 жыл бұрын

They live in France (which is a walk away).

@a.a.m.p2484

2 жыл бұрын

Yeah they live in France, I live in Nice and Monaco is just 20min by bus so is no big deal.

love your content, subscribed!

@mytennishqtv8696

2 жыл бұрын

Thank you!

fantastic .....

Thank you SGK

Informative video mate cheers

@mytennishqtv8696

2 жыл бұрын

Thanks, cheers!

Good video. Thank you. I didn't know about double taxation. Paying taxes in two countries plus 75K+/year in expenses to play on the tour?! I bet the lower rank players make more money teaching after they retire.

@Elcomendante64

2 жыл бұрын

Most places provide a tax credit for foreign taxes paid. Also when the video says “flat 30%” tax in the USA, that’s only a withholding tax. One can and should file a tax return and claim expenses against the income. Some of the tax will be refunded. I don’t think that in most cases it’s double taxation that’s an issue because of the tax credit. Where the savings are is in tax savings on endorsements, royalties etc that cannot be linked to earning money through physical presence in a foreign jurisdiction. Much of that money is only taxed in home jurisdiction. Think Federer earning 90 million in a year but only 7 million is from winnings.

Great video! I thought it was very informative. Just a heads up, it's pronounced "lev-E, like Chevy" :) 2:29

@mytennishqtv8696

2 жыл бұрын

Oops haha thank you!

I think that for Djokovic even bigger reason than money is the fact that living in Serbia would make it really hard for him to go out anywhere at all without people taking pictures with him :-)

@richardalexander5106

2 жыл бұрын

i p, that's a good point, however he doesn't need to live in a tax heaven. He has enough money to build all the facilities he needs in his house, or anywhere else. Tennis players spend most of the year on the road playing in tournaments upto 50 weeks of the year. So he changed his residency so he doesn't pay taxes, and in monte carlo no one pays taxes, a playground for the super rich. Serbia is the 72nd richest country in the world, just ahead of the Dominican Republic, and Mexico. I'm sure the tax revenue from Djockovic would go a long way to helping his country. Just think about that.

@ip-dj7hb

2 жыл бұрын

@@richardalexander5106 Hi Alexander :-). I think no money can replace going out for a walk without people bothering you, so I think it is not the matter of building facilities in his house. I agree that taxing would help Serbia though (I am from Serbia btw). Have a nice day!

@richardalexander5106

2 жыл бұрын

@@ip-dj7hb fair enough, maybe I'm wrong then. Isn't there wealthy areas in Serbia like every other country, where the rich and famous live, gated communities and the like?

@emmanuelaemejuru7190

4 ай бұрын

You're absolutely correct! Recently Jannik Sinner made the same point saying how in Monaco he can walk freely. People don't realise that top tennis players also like their freedom

It also shows Rafa s responsibility for his home country...

@mikehawk2194

2 жыл бұрын

He could avoid paying taxes there then use that money to invest in his home country and show the same if not more responsibility for his home country just saying.

I know it's a long, long time ago, but in the list of the tennis stars and superstars, you should have included Bjorn Borg, who in the late 70s and early 80s chose Monte Carlo as his base. IMG was his management Co, so they would've suggested this tax haven, instead of his home country of Sweden, where the taxes are insanely high (though they get lifelong social benefits!).

@iannovak5223

2 жыл бұрын

And he made a good decision, cause even at 60+, he is worth 40-50 Millions. That's great for someone who played Tennis until he was like 26 and he played in the 70s when the prize money wasn't that high. Good on him. All hail tax havens. If I ever get a lucrative career in the future, I'll make sure to move to a tax haven as well.

I just love Nadal

"The principles of decision - making on my body are more important than any title" !!! God bless you Novak 🙏

@goldwolf0606

2 жыл бұрын

Tax cheatvak had no principles. He doesn’t care about his fellow Serbian citizens that those tax dollars could help. He’s a low life.

@johnnyssify

2 жыл бұрын

@@goldwolf0606 you're a low intelect person for thinking that if you contribute with taxes that those are actualy reaching the people in your country:)) like the gouvernment is a charitable foundation that helps its citizens and when they have no job it protects then. In what planet are you living? Novak knows best that money on taxes is a waiste. But you insulting someone who did more that you would ever do in 2 lifetimes proves how you will be forever poor in menthality and finance.

People here are not interested in watching tennis players living in Monte Carlo but leaving great comments about Nadal. Bravo!

Yeah that double tax, would def move out of Canada to avoid that, but never will have to cause I’m at the bottom of the tax bracket

@saychunjo2153

2 жыл бұрын

With Trudolf, you have more reasons to move out from Canada!

I would never live in Monaco. I worked there for a month and that was enough. Only positive: I walked to work on an F1 track :)

I love Monaco and have spent a lot of time there for work and pleasure! But I am not rich! A couple additional facts. Monaco is not a tax haven for French people or Americans. There is also a big population of elite Tour de France cyclists because of tax and proximity to mountains! (Also Nice). Monaco is also home for many F1 drivers!

the king of monte carlo does not live in monte carlo kinda ironic😂😂

No tax . very good

They can live to Belgium too, or luxembourg, ah there is no sun

Other things to keep in mind: 1- Players cannot "expense" their coaches, travel, gear, etc. Those (huge) costs are not deduced from their prize money when they are taxed, which can make things really difficult financially, especially for those who don't earn as much as the top players. 2- A career in Tennis (or almost any sport) is much shorter than an average career working a typical corporate job until the age of 65-70. This means that Tennis players will have to live their entire lives off of the money they make until they retire (generally between 35 and 40). Yet they are taxed the same way each year as someone with a more traditional career path. 3- Switzerland is not a tax haven. 4- There are ways to dodge taxes even if you live in Spain. Just look at the scandals with Ronaldo when he was with Real Madrid, for example. So take Nadal's comments with a pinch of salt. Edit: I'm not sure about #1.

Quite the obvious ! It comes down to principle and self integrity ! Then again your money has to go far for you ! So it’s a win win !

Very interesting - I wasn't aware of the 30% tax for foreigners when they play in the USA.

Nada Giving to his country 50% tax this is top class. A lot of player talk a lot but it is not the same to give from time to time a donation than to pay 50% out of 100m of revenues over so many years. Congrats Rafa!

What would I do? I would look closely at Monte Carlo. It looks like a wise decision to me.

This is why they say, start paying to charity when you have little money and not when you make more, because when you make more it is not easier it is harder! So to have the habit sinked in from before when you had little and be automatic habit.

Monte Carlo is a great place but I think that tennis players choose to live there for the esteem of living amongst other tennis players who represent the career quite greatly.

This taxation is same and worse for others. We do same. We get taxed on what we earn, and then on overall yearly declared income.

Are they citizens in monaco too?

If you are living in Europe I don't think that there is a double taxation if you won in the USA.

I'll take Monaco

But Roger also has his friend and family along with financial benifits since he is from Switzerland

@anneneville6255

2 жыл бұрын

Well switzerland is also heaven for the rich 😃 so no need to move it think

Ok, Rafa, is officially perfect.

Roger is also staying in his home country

Well well, both Federer and Nadal live in their country and here too, Djokovic is the odd one out 😂 Like literally, these two will forever be the gems of tennis ❤️

@bekind2475

2 жыл бұрын

Federer is living in a region where he pays a very small amount of tax...

Respect Rafa..

So do low level professional players like Futures and Challengers also have to pay foreign tax???

I don't know why many treat the other players as greedy after hearing what Nadal said, that is, I don't deny that he is a great human being but I also don't see anything wrong with the other players taking care of their fortunes, we must understand that they make an effort and they sacrifice a lot to get there and after a certain age they will stop getting money, they need to think about the future.

Thiem lives in lichtenberg/austria🤷‍♂️so nadal and thiem are true examples for earth standing players

To do Monte Carlo simulation

Djoko lives in Spain now.

Money babe

That is a tough question. If I were to have millions of income every year, I would probably choose Nadal's way.

Subbed

@mytennishqtv8696

2 жыл бұрын

Thanks!

So they dont pay taxes. Every1 knows that

So if a US player lives in Monte Carlo, and decided to visit his home country in the US, would the government then tax him on all of his earnings? How does it work exactly?

@sergiubarac1265

2 жыл бұрын

Not really. You don't pay taxes because you want to visit your home country. On the other hand US citizens are double taxed (in case you earn a lot of money, I think more than US$150.000 per year). It's not the same though for almost all the other countries in the world.

@scottbrightwell1750

2 жыл бұрын

@Sergiu Barac Singapore is also a tax haver just ask one of the founders of Facebook

Not entirely true - taxpayers can buy government bonds or place their money in other tax-saving instruments. Besides, they're also allowed to book expenses against their earnings, further reducing their tax burden. Furthermore, the vast majority of european countries have DTAAs with other countries around the world, which means you aren't going to be taxed twice. In my view, apart from marginal benefits you cite, the main benefit of living in Monaco is safety and well-being for the family - someone like Medvedev would be the target of extortionists in Russia. Monaco is probably the safest place in the world. Another benefit is ease of doing business - you could place your earnings in a company, and then move it offshore with ease.

@ggbrother8015

2 жыл бұрын

You’d be surprised how many shady Russians live in Monte Carlo.

@Mrdezmiki

2 жыл бұрын

Buddy, you're over complicating the issue. Monte Carlo doesn't strike me as the safest place if that's your main concern. Don't think Russians would have a problem smoking you out of that hole if they wanted to.

@Andreabay90

2 жыл бұрын

.... government bond profits is taxed..

I have seen Serbian people calling Djokovic a national hero. The prime minister was fighting for him in the australian open case. On the other hand, he clearly could not care less for anyone.

@edwinpaul4301

2 жыл бұрын

What do you mean by that ?? Is he a politician whom u trusted n voted n not doing or fulfilling his proposed manifestations ??

@euneadventure3112

2 жыл бұрын

That is simply not true so why even comment that? He helped in constrution of more than 40 schools in Serbia, donated millions of dollars to charity etc. I dont understand people like you srsly

@vijayaprabu6669

2 жыл бұрын

@@edwinpaul4301 True, he doesn't care if Corona is spread or not... he only thinks about himself

@edwinpaul4301

2 жыл бұрын

@@vijayaprabu6669 How did you conclude ??? You know him personally ?? He has funded millions n millions for the covid charity to various countries so without knowing facts just don't spit rubbish ...

@vijayaprabu6669

2 жыл бұрын

@@edwinpaul4301 Yeah this guy resides in Tax Haven Monte Carlo to evades Taxes in Serbia.. and then spends some amount for PR ..

I mean can't deny monte carlo is the place to go no tax as well !!

@mytennishqtv8696

2 жыл бұрын

🤑🤑

@tennisparisbrothers8001

2 жыл бұрын

@@mytennishqtv8696 would be great if you could support us :)

All things considered, greed is a factor

"$30 DOLLARS A YEAR" ???

damn i love rafa. I'll be half as happy

So can they live anywhere in the world and yet play for any other country they choose? How does that work? I know Maria Sharapova lived in Florida since she was a child but always played for Russia so she could get her meldonium.

For the same reason as most Pop Stars/Actors/F1 Drivers etc. They pay Zero Tax.

Are you sure about the Delpotro example? Will Arg double tax? Wont Delpo only have to pay Arg Tax rate % - 30%(taxed by uncle Sam). I think players like Novak and others make more outside of prize money. Those will be taxed based on their residency and hence Monaco.

@mytennishqtv8696

2 жыл бұрын

Argentina doesn’t have a tax treaty with the US. There are ways to reduce the tax burden and avoid double taxation, but this was just a basic example and thought there was no point on getting too detailed

Can’t you have the residence there and buy a house but live somewhere else?

I respect anyone who decides against abusing the tax havens

@andrewkerr5296

2 жыл бұрын

Abusing? What's stopping you from using a Tax Haven?

Djokovic lives in Marbella and Nadal in Mallorca, both in Spain

@saychunjo2153

2 жыл бұрын

Really?

@ceciliafernandez3005

2 жыл бұрын

@@saychunjo2153 Yes, look it up :)

@rishbahpandey8697

2 жыл бұрын

@@ceciliafernandez3005 he lived in Monte Carlo throughout his career

@rishbahpandey8697

2 жыл бұрын

@@saychunjo2153 he lived in Monte Carlo throughout his career. He changed his residence few months ago

Saving money in Monaco lol 😂

What ocean water ?! 🤔 it’s the Mediterranean sea…

doesnt djokovic spend most of his time in Belgrade? i thought he is in serbia right now

@SerbAtheist

2 жыл бұрын

Djoković frequently visits Serbia (and is also no stranger to Montenegro), but his residence is in Monaco. Only the worst miserly curmudgeons in Serbia mind this. Serbia simply doesn't have the facilities required for his elite level of training.

@a.pvoiceofuigharchinesesup3589

2 жыл бұрын

It’s not where Djokovic spends most of his time it’s about the TAX he saves not residing in SERBIA 🇷🇸

I would play in my home country, my home state and have nice home in or near my home town and pay any taxes.

That's why people love Nadal in Spain. Also, he can be a national team member if he chose to play soccer.

@goranknezevic2283

Жыл бұрын

NO, the real hero in Spain is Novak as symbol against the covid bandits ! Real hero in Mallorca is Novak, NOT dopping Nadal.

What you save in taxes, you pay it on how ridiculosuly expensive monte carlo is.

The title of the video should be "Why do ultra rich live in Monte Carlo?"

I'm sorry but some of the tax info is wrong. Most players DO NOT pay double tax. It's called double tax treaty.

If you are from Korea, China, Japan and west Europe and to some extent Australia, Gulf Arab countries it doesn't make much sense to move to Monaco but if you're from the developing world it makes lot of sense as most of your taxes are eaten up by corrupt officials

I would prefer to be based in Monte Carlo. And with that sort of money which you save, eg double taxation or the highest tax level for all your earnings, including millions in sponsorship deals, you can own homes in different parts of the world. Given that being a top tennis player means travelling constantly throughout the year, it means you're likely hardly in your home country in a year. So why pay millions of dollars in tax to a country you're hardly in.

@rafagoat575

2 жыл бұрын

Whenever Nadal is not competing he is in Spain, that's plenty of time lol Not sure why you think that's hardly any time.

@danicadabic9789

2 жыл бұрын

@@rafagoat575 if he were healthy and not injured, he would have spent way more time away from Spain. Tennis players in general don't spend much time at home at all. Monaco is a temporary solution while they're in their prime and competing.

@rafagoat575

2 жыл бұрын

@@danicadabic9789 A temporary solution, while they're in their prime.. Djokovic has lived in Monaco for nearly 20 years 😂 So you're saying Nadal decided to live in Spain and pay taxes there because he knew he was gonna get injured a lot? Lol He spends a lot of time in Spain (unlike Djokovic in Serbia). Like right now for example, 3 whole weeks before traveling to Acapulco and Indian Wells, and then back to Spain another 3 weeks until Montecarlo. Always in Spain when he's not competing.

@danicadabic9789

2 жыл бұрын

@@rafagoat575 so, what is your point? Please, don't imagine what I am saying and try to put in my mouth things I never said. And please don't give me Nadal as an example of how everyone else should be living their lives. Novak spent all his post Australia time in Serbia. And a lot of it prior to it. He has residence there and in Monaco. He has a villa built north of Belgrade as well as a tennis Academy where he personally mentors and coaches kids when he has the chance. Seven or so out of top 10 players have their residences in Monaco, some players live in Dubai, some in Switzerland, virtually all of the formula 1 drivers are in Monaco... So what? They are already taken about 30% of their winnings for tax purposes before they even get a paycheck. It is more important how they invest that money by giving back to those who are less fortunate. Novak's taxes surely wouldn't have been used to purchase the more than one million dollar worth of ventilators. But he bought them and donated them to the hospitals.

@rafagoat575

2 жыл бұрын

@@danicadabic9789 Belgrade, Montecarlo and you forgot Marbella yea. But he pays taxes in Monaco, his primary residence, a taxes haven so he doesn't pay shit. Do you know Nadal also donates plenty? Because for some reason Djokovic fans act like he's the only one lol According to you anyone with the possibility to live in Monaco, Andorra or Bahamas should run away from their countries taxes? Lol Good thinking. Taxes only for the poor.

I love Nadal, he obviously doesn't care about the money but it's pretty painful to see one earning $30 million but only pocketing $15 million. OUCH!

TLDR: No taxes. The end.

Nadal❤️

Would live in a tax heaven for sure 😂

@mytennishqtv8696

2 жыл бұрын

😂😂😂

Scary. Imagine only having $728,000 to live in. Probably forced to live in a cardboard box!!

@Braselton21

Жыл бұрын

LOLS!! But losing more than half your earnings is pretty shocking no matter how much you earn

1. Taxes 2. Taxes 3. Taxes

Yea! Why be stinking rich and give back to society when you can be even more rich and keep everything for your self 👏👏 Good on Nadal for being content enough with 15 mil per year and not get greedy for more

I wonder if Nadal’s academy is some sort of a write off?

Monti Carlo 😂

it's pronounced Monteh, that means mount in italian

Makes no sense They travel so much Any of them can technically claim residency in Montecarlo, but live somewhere else