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Derek Thompson

Derek Thompson - Derek Thompson is a senior editor at The Atlantic, where he oversees business coverage for the website.
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He is a visiting research fellow at the Committee for a Responsible Federal Budget at the New America Foundation. Derek has also written for Slate, BusinessWeek, and the Daily Beast. He has appeared as a guest on radio and television networks, including NPR, the BBC, CNBC, and MSNBC.

Usain Bolt Can't Outrun UK Taxes. So He Won't Run, At All

By Derek Thompson
Jul 14 2010, 3:18 PM ET Comment

Usain Bolt, the awesomely named Jamaican who is also fastest runner in the history of the world, will not participate in a race in the UK to avoid a British tax. If Bolt races just once in Britain, the tax might demand up to one-sixth of his global earnings, according to the Daily Mail. Raw deal!

Sports Minister Hugh Robertson told the BBC he'll see what he can do, but said "three weeks doesn't give us a whole lot of time to organize a tax concession."

The British finance ministry has already exempted visiting soccer players from local tax laws to ensure the Champions League final can be staged at Wembley Stadium next year.

Read the full story at USA Today.





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