{"id":531040,"date":"2026-03-12T08:48:07","date_gmt":"2026-03-12T08:48:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/531040\/"},"modified":"2026-03-12T08:48:07","modified_gmt":"2026-03-12T08:48:07","slug":"british-nigerian-boxer-anthony-joshua-becomes-the-latest-athlete-moving-to-dubai","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/531040\/","title":{"rendered":"British-Nigerian boxer Anthony Joshua becomes the latest athlete moving to Dubai"},"content":{"rendered":"

\n The 36-year-old heavyweight boxer’s transfer was revealed through corporate documentation related to his commercial interests.\n <\/p>\n

\n According to documents from his company, Sparta Promotions, the former world champion has amended his residency details, indicating that he will now be located in the United Arab Emirates.\n <\/p>\n

\n An exclusive by The Daily Mail<\/a> shows that, as a resident of the United Kingdom, Anthony Joshua is typically taxed on dividends received through his enterprises.\n <\/p>\n

\n Joshua received \u00a310.1 million in dividends in 2024, up from \u00a36.3 million the year before. Sparta Promotions, which he runs, has also done well financially.\n <\/p>\n

\n The company reportedly made around \u00a320.396 million in earnings in 2024 and paid approximately \u00a36.65 million in taxes in the United Kingdom during the same period.\n <\/p>\n

\"Joshua, <\/p>\n

\n He purchased a luxurious house in Sultan Haitham City, a rising development near Muscat, Oman, according to reports from December.\n <\/p>\n

\n The acquisition reportedly cost over \u00a31.2 million and included a large 15,300-square-foot penthouse known as the Sky Palace in the Park Lane 101 building.\n <\/p>\n

Dubai\u2019s tax appeal <\/p>\n

\n Despite the conflict currently affecting the region, Dubai’s allure for high-net-worth individuals is evident.\n <\/p>\n

\n The appeal is directly related to the contrasting tax systems of both countries.\n <\/p>\n

\n In the United Kingdom, high-income persons<\/a>, especially professional athletes, have one of the most progressive income tax systems among industrialized nations.\n <\/p>\n

\n Individuals are classified into numerous income categories under the present tax structure, with the top “additional rate” reaching 45% on incomes over \u00a3125,140. Before reaching that threshold, earnings of \u00a350,271 to \u00a3125,140 are taxed at 40%, while earnings of \u00a312,571 to \u00a350,270 are taxed at 20%.\n <\/p>\n

\n The UK tax system also applies to certain elements of global endorsement and sponsorship revenue, especially where those profits are associated with activities or appearances in the country.\n <\/p>\n

\n For example, the UK’s tax rules allow authorities to tax a portion of endorsement income based on how many days an athlete performs or promotes in the UK.\n <\/p>\n

\"Rich <\/p>\n

\n Residents and expatriates are not taxed on their salaries, wages, bonuses, investment income, or most other types of personal earnings.\n <\/p>\n

\n Because there is no personal income tax, individuals typically do not have to file personal income tax returns or report their earnings to the government.\n <\/p>\n","protected":false},"excerpt":{"rendered":"The 36-year-old heavyweight boxer’s transfer was revealed through corporate documentation related to his commercial interests. According to documents…\n","protected":false},"author":2,"featured_media":531041,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[447],"tags":[703,49,48,82],"class_list":["post-531040","post","type-post","status-publish","format-standard","has-post-thumbnail","category-boxing","tag-boxing","tag-ca","tag-canada","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/531040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=531040"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/531040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/531041"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=531040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=531040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=531040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}