The sovereign city-state levies no income tax, no wealth tax, no local tax, no property tax, and no capital gains tax on investments. What’s also disappointing is that neither Tennis Canada nor the Canadian Olympic Committee — both of which receive funds, albeit small, from public sources — won’t criticize the athletes’ tax avoidance. “Tennis Canada does not involve itself in players’ personal financial matters. “Ultimately, despite the fact that the COC and Tennis Canada receive government funding, athletes are free to live where they want,” Guilbeault wrote in an email. Millions of Canadians will be cheering for Team Canada in Tokyo, starting July 23.

Source: thestar July 09, 2021 09:56 UTC