Usain Bolt won’t be competing in London in 2011

Usain Bolt will not be competing in the Grand Prix events at Crystal Palace or Birmingham this summer due to UK tax laws. International athletes who compete in Britain are currently taxed at 50 per cent on their appearance fee, winnings and a proportion of their worldwide endorsement earnings.

Bolt claims he could lose more money than he would actually earn from running here. He will compete at the Olympic Games in London in 2012 as the Olympics are exempt from these tax rules.

Read more of this story at The Sun newspaper’s website

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