Hassane Kamara of Watford FC looks dejected following their side's defeat in the Premier League match between Manchester City and Watford at Etihad Stadium on April 23, 2022 in Manchester, England. (Photo by Alex Livesey/Getty Images) Hassane Kamara is a high-octane defender at Watford FC in England. He was the club’s player of the year last season despite only joining in January 2022. He’s also emblematic of the financial engineering available to football clubs through the increasingly popular multi-club ownership model. Watford was relegated from the Premier League last summer and Kamara was sold to Udinese of Italy for a profit of about £12 million ($14.4 million). That looked like a great trade — but even better was that Udinese, which is owned by the same Italian family that owns Watford, immediately loaned the player back. No rules were broken and Watford Chairman Scott Duxbury was upfront about the motives, telling the club’s website that the deal aimed to balance … [Read more...] about It’s not just Manchester City. Financial football is becoming more prevalent
Deloitte
As More Freelancers Work Across Borders, Expect More Emphasis On Worker Classification And Tax Collection
Share to Twitter Share to Linkedin It’s not surprising that compliance with worker classification laws is a bigger deal in the freelance revolution. Why? Well, three factors drive this development. First, the globalization of work, and the impact of new work and collaboration technologies that make it possible to work from anywhere. As readers may know, 51 countries now have active and ongoing programs inviting “digital nomads” to sojourn in their country. The second driver: countries need tax dollars, and proper classification is essential to tax collection. For example, Argentina annually exports almost 5 billion dollars in tech expertise through the work of over 200,000 freelancers living in Argentina but “gigging” for US companies. Third, advances in technology are beginning to make available new solutions offering indemnification quickly and more cost effectively, and gives companies more visibility over their freelancers and a better experience for … [Read more...] about As More Freelancers Work Across Borders, Expect More Emphasis On Worker Classification And Tax Collection