Kyle Edmund took an important decision. The 22-year-old British player moved his residence from Beverley, England, to Nassau, Bahamas, in order to have an ideal pre-season training in a good climate and also as a possible measure to avoid paying taxes on his earnings.
Lawrence Frankopan, chief Executive of Starwing Sports, Edmund's management Company, explained to The Times the reasons that brought Edmund to live in The Bahamas. 'He has moved out there for tennis off-season preparation mostly and because it’s so convenient as he plays so much in the US, so he has a home away from home, so to speak.
Tax-wise it is, I’m sure, also very beneficial.' Edmund, who has earned $2.1 million career prize money so far (including more than $700,000 this year) will have to pay taxes in the British system for his earnings.
Many tennis players have set their residence in Monte Carlo or Switzerland, but Andy Murray opted against the move. 'No, because I like living at home,' he said back in June 2017. 'The only chance of me living somewhere else is if I had a bunch of friends or some of my family were living elsewhere and I would move to spend time with them.
I wouldn’t want to go and live somewhere to not pay any tax and not have any of my family and friends around me. I wouldn’t do that.' ALSO READ: Australian Open - Entry List: Roger Federer wants to write history again