Sunday, May 22, 2022 | Last Update : 08:24 PM IST

  Newsmakers   24 Nov 2018  Chelsea footballer N’Golo Kante to pay more tax than Amazon and Starbucks combined

Chelsea footballer N’Golo Kante to pay more tax than Amazon and Starbucks combined

THE ASIAN AGE
Published : Nov 24, 2018, 10:16 am IST
Updated : Nov 24, 2018, 10:16 am IST

Kante signed a new five-year contract worth £290,000-a-week to make him the top earner in the squad at Stamford Bridge.

Kante will earn just over £15million a year on his new improved terms - all of which is liable to be taxed in Britain.
 Kante will earn just over £15million a year on his new improved terms - all of which is liable to be taxed in Britain.

N'Golo Kante’s deal will see the Chelsea star pay more in tax than Amazon and Starbucks combined.

Kante signed a new five-year contract worth £290,000-a-week to make him the top earner in the squad at Stamford Bridge.

 

And since the 27-year-old refuses to channel his wages through off-shore companies, that leaves him making a huge contribution to the UK public purse.

Kante will earn just over £15million a year on his new improved terms - all of which is liable to be taxed in Britain.

It means the Chelsea star will stump up £6.7m annually dwarfing the controversial amounts paid by two of the country's big corporate brands.

Last year Amazon coughed up just £1.7m in corporation tax according to their own figures announced in August.

They had been liable to pay £4.6m  following a 300 per cent growth in their UK profits.

However, because they paid out a dividend to shareholders, the online retail giant was able to defer £2.9m of that to reduce the actual amount contributed.

 

High Street coffee powerhouse Starbucks produced their accounts in September which showed they paid £4.5m in corporation tax on annual profits of £162m.

It means together, Starbucks and Amazon paid £6.2m in tax last year - £500,000 less than Kante is happy to pay on his own earnings.

Tags: chelsea, n’golo kante, amazon, starbucks, tax, viral and trending, stamford bridge, britain taxes