Paula Radcliffe - Monaco -bizarre choice of place to live

It's a well known tax haven. It sounds like she ensured she was out of the UK for a complete income tax year (6/4 -5/4) to avoid UK tax, providing of course she did not exceed her allowable days in the UK (normally 90 days average per tax year).

Tax haven for certain. Many of the F1 and MotoGP guys declare Monaco as their residence. Seems a few tennis players did too.

Wilson Kipketer lived in Denmark just long enough (7 years) to get his citizenship, then moved to Monaco for tax reasons. Didn't win him too many friends, considering that what had brough him to Denmark in the first place was a free education. Free as in, paid for by taxpayer money.

My first thoughts were "tax dodge," too, although if she was living there mainly during pregnancy and the immediate aftermath and was NOT worrying about training so much, it might have just been a nice break.

I recall that Bjorn Borg spent enough time there to qualify as a Moaco resident while he was still competing internationally for Sweden, so...clearly they have some very accomodating rules for rich sporting folks.

accountant with an o wrote:

It's a well known tax haven. It sounds like she ensured she was out of the UK for a complete income tax year (6/4 -5/4) to avoid UK tax, providing of course she did not exceed her allowable days in the UK (normally 90 days average per tax year).

Let us not forget it is also very conveniently located. Just minutes away from France. A half-hour from Italy. You can meet a friend in Nice during your lunch hour, and then go for a run on the San Remo bridle path in the evening. Pretty neat.

Not that you would want to. Monaco has better restaurants than Nice.

I'd say Monaco is hard to beat for training if you have to be in an urban area. Weather is perfect, you've got flat roads if you go towards and past Nice along the coast and very hilly roads and trails a few minutes inland (it's the Alps for god's sake).

And I'm sure they'll let Paula in to do a few mile repeats on the track at Stade Louis II if she so desires.

It's kind of interesting that you can dodge taxes, if that is in fact what she is doing, yet still represent your country in international competition. Does this topic ever come up in UK media?

All rich sports people try to dodge taxes as do all other rich people.

Some live in monaco or one of the island tax havens. Others have part of their wages paid into foreign bank accounts, trust funds, or use various other fiddles.

However it will only be totally effective if you earn your money abroad, even if you count as a foreigner.

http://www.timesonline.co.uk/tol/news/uk/article576436.ece

http://news.bbc.co.uk/sport1/hi/tennis/3520122.stm

At least Paula isn't a hypocrite like Bono. Moves his "company" out of Ireland to avoid paying taxes, then scolds the rest of the world for not spending their tax revenues on third world countries. Bono's personal expenditures on charity are zero.

hypnotoad wrote:

Not that you would want to. Monaco has better restaurants than Nice.

I'd say Monaco is hard to beat for training if you have to be in an urban area. Weather is perfect, you've got flat roads if you go towards and past Nice along the coast and very hilly roads and trails a few minutes inland (it's the Alps for god's sake).

Well...Alpes Maritimes anyway. Running to Nice, hmm, hadn't thought of that direction.

Hey, can you recommend some good Monaco restaurants? How's their pizza? No, seriously, I don't want to resort to a Michelin guide.

Can't remember any specific places. I just remember having a few meals up in the old part of the city. And they were both better and cheaper than anything I had in Nice. Especially the "cheaper" part surprised me. Don't think we had pizza.

Paula is a little insincere when she mentions her reasons for moving to Monaco ('nice climate,' 'good schools for the kids,' 'French Education for her kids,' etc...) as she never mentions tax reasons, but that is her right.

The training choices around Monaco are limited. If she wants to run on trails, etc. she would need a car and drive for about 1-2 hours in the 'arriere pays Nicois' (the Alpes Maritimes).

When Ahmed Salah used to live in Nice during the 1990's he used to do most of his training in Valberg, a ski resort about 1.5 hours North of Nice, situated at 1600-2000 metres above sea level. Salah was famous for his 50km runs on the ski tracks near the resort. The guy was a beast, even approaching 40 - and he was happy for the money the French club provided him, as Ahmed had/has many kids (10-13 some have said!).....but getting side tracked here - back to Paula....

Yes, Monaco is nice, but for the serious marathoner it is definetely not the place for 'convenient' from your house training......she will basically spend as much time travelling to run on soft ground as running. Reality check.

Ghost

christophe_moulton@yahoo.ca

TAX

are you related to the late Geoff Moulton ?

Radcliffe trains a lot in Colorado, Albuquerque and Font Romeu in the French Pyrenees. Monaco is a tax haven that's all, you can always drive along the coast to Nice or whatever. Don't think she trains much there, just keeps an

appartment for tax reasons.There's a nice track there though, very fast.

I am not related to Geoff Moulton, because the person you are referring to was actually called Geoff Moulden not Moulton.....

ghost

coach:

christophe_moulton@yahoo.ca

Paula Radcliffe does not and has never trained in Monaco, she was there for the birth of her child. She began her training after the birth in Boulder, she then came to England planning to run a 5k race but got injured. I believe she is currently still in England, she was on morning television last week and walking with crutches.

She has and does live in Monaco

rumors had her training in Dundalk, right along Key Highway

ghost wrote:

I am not related to Geoff Moulton, because the person you are referring to was actually called Geoff Moulden not Moulton.....

ghost

coach:

christophe_moulton@yahoo.ca

Thats right. He started the Wimbledon Ten mile back in 61. He sadly passed away at age 75. He sure did a huge amount....see link below.

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