According to Danish law and some tax experts, Peter Easgate might have to pay 45% tax on $500,000 and 75% tax on the rest of the winnings after that he won over 9 million dollars for the 1st place in WSOP Maint Event a few days ago.
Peter Eastgate was well aware of the high tax he had to pay if he stayed in Denmark and therefore he decided to move to England before the final table was p[...] Read more » WSOP: Maint Event winner risk to lose $6,2 million in tax
I would do the same. you went trough all that trouble to earn that money and some governement comes and takes more than half of it if it was me I'd be off to monaco playing poker with my tax-free money
@ Saint, if the guy lives in the UK, he'll spend his money there so that means that your economy only profits from millionaires like that guy .
Ok Gene but after winning 9 million, could you be still considered '' player for hobby " ? In Italy the situation is similar to german one: pay taxes in the country you earned money in and the difference ( if italian taxes were higher ) in Italy. Any way you can make me pay 75% tax !!!!!!
Joined: Oct '08
Age: 42 (F)
And who is the biggest cheater - our goverments - the real MOB, what the fu...is going on ....is it not a legal cheating ? Winning such an event is a real hard work and than come tax office and will take its % .... for what ?
Joined: May '08
Age: 38 (F)
If you win some kind of price in Holland like the lotery, you have to pay 29% tax. This money will be automaticly deducated from your price money, I guess if they don't do it automaticly every winner will take the first flight to hawai and never come back