And you think your taxes are bad

[spoonitnow]

By far, the person losing the most through taxes is the winner of the main event, Peter Eastgate. Denmark puts a severe tax burden on those who win big at casinos. For casino wins, Danes owe their government 45 percent on the first 4 million Danish Kroners won and that figure jumps to around 75 percent on anything above that. A $1 is worth about 5.8 Kroners, meaning Eastgate's $9.1 million first-place prize falls easily into the higher rate.

Assuming Eastgate is subject to Danish taxation laws, he is looking at a tax bill of around $6.6 million. But Eastgate recently moved to London and because of that, may not owe a penny. The UK doesn't tax poker winnings. But because Eastgate just made the move to London, Denmark's tax agency, called SKAT, will claim that he moved to avoid the incredibly high tax rate. Fox predicts that somewhere down the line, unless Eastgate simply ups and pays Denmark, both parties will wind up facing an arbitrator in a tax hearing to figure out how much the 22-year-old Dane owes.


If Denmark winds up with Eastgate’s tax dollars, Eastgate will get to keep only $2,491,871 of the $9.1 million paid to first.

http://www.cardplayer.com/poker-news...nal-table-pool

[ProZachNation]

If I were him I would buy a small island/army and dare Denmark to try to collect. And still have like 7million left over for hookers and coke.

And now it makes sense why he did not look so pumped when he won.

[Jack Sawyer]

he had to move to london in july, just after making the final table

if he did move in july, he probably can argue to pay up taxes to denmark only on the amount 9th place was guaranteed, which he essentially won by reaching the FT

but i hate law so i dont know what im talking about

[Jack Sawyer]

Denmark's tax agency, called SKAT

LOL fitting

[bigred]

Basically he needs to decide whether he wants to go home again and if it's worth 7 mill.

[Jack Sawyer]

i don't think other countries offer asylum for tax potential evaders

[ProZachNation]

Jack your sig takes up like half my screen.... ever think about going horizontal with some of it to make it smaller?

[Jack Sawyer]

sure, one sec, let me finish reinstalling photoshop first


*edit: there

[BankItDrew]

Jack your sig takes up like half my screen.... ever think about going horizontal with some of it to make it smaller?

i do not have this problem

[ProZachNation]

thanks Jack looks a lot better, at 1280x1024 it was pretty big

[spoonitnow]

Basically he needs to decide whether he wants to go home again and if it's worth 7 mill.

I'd be like ship it $7 million holla.

[Chelle]

I think my first reaction to this when you told me was along the lines of, " What the fuck, are you serious?"

[Da GOAT]

reminds me of homer and the trillion dollar bill