Managing International Income: Tax Strategies for Global Competitors
As we discussed in our previous article on Athlete Tax Basics, (https://moneysmartathlete.com/tax-season-for-athletes/athlete-tax-basics-what-you-need-to-know/) understanding taxation is crucial for every athlete. However, when competing on a global stage, tax obligations become even more complex. International athletes must navigate multiple tax jurisdictions, manage income from various sources, and comply with local and international tax laws. Proper tax planning is essential to avoid double taxation and maximize earnings while staying compliant with regulations.