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SBD Global/January 24, 2014/Finance

Kenyan Opposition Leader Opposes Plan To Tax Athletes' Prize Money

Kenyan opposition leader Raila Odinga "urged the government to shelve plans to tax the prize money of professional athletes who compete abroad," according to Sarah McGregor of BLOOMBERG. The East African nation has produced 24 Olympic Gold Medalists in middle- and long-distance runners, including 800m world record-holder David Rudisha, as well as football players such as Victor Wanyama, who last year became the first Kenyan to play in the English Premier League. Earnings by Kenyan athletes at overseas sporting events "are considered taxable income under domestic law." Athletes who can prove they pay taxes abroad "will not be charged twice in Kenya" (BLOOMBERG, 1/23).
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