TAXATION/FINANCES: Today it’s time to talk about a topic that gives most people, including myself a big headache: taxes! Athena Constantinou and her team at APC Sports Consulting took the time to tell me all about managing your taxes, image rights, and wealth as professional athletes abroad. Athena is no newbie to the accounting and tax scene, and comes equipped with a bulk load of certifications, as you will hear in the beginning of this podcast. She’s also spent years abroad in the U.S. and now supports a number of pro athletes on their path to financial success. “The average athlete may travel to 20 or more different country during one season. Each country has their own legislative peculiarities, which can create a tax compliance nightmare. At the same time, athletes are becoming a tactic target of tax authorities to extract revenues during times of tight budgets.” In this episode, we talk about: What points do athletes abroad need to be aware of in terms of income through sponsoring, product endorsements, television appearances lifestyle choices and investing while abroad judging dubious investment opportunities dealing with overspending as a way to compensate homesickness image rights and tax rights, using the example of Lionel Messi’s […]

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