Britain relaxes tax rules for track athletes

Britain luring top stars to London Grand Prix with tax amnesty for overseas track athletes

Associated Press

LONDON (AP) -- Britain is waiving its tax rules to lure Usain Bolt and other top international athletes to compete at this summer's Diamond League event in London's Olympic Stadium.

The British government has agreed to an amnesty that will allow international athletes to compete tax-free at the London Grand Prix on July 27 — the anniversary of the opening ceremony of the London Games.

British treasury chief George Osborne says he is "delighted to grant this exemption" and the government "is determined to do everything possible to secure the Olympic legacy."

Britain imposes taxes on appearance fees and prize money for non-resident athletes in all sports when they compete in the country. Bolt, the Olympic champion at 100 and 200 meters, hasn't raced in British meets since 2009 because of the tax.

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