Cahill mulling bumper Saudi deal

His 68 goals for the club say it all and his commitment to and love of the club cannot be questioned. His legend status as an Evertonian is already secured.

Last season only produced 3 goals and I can't imagine things improving next season. Sorry, Tim, but it's time to move on.

Tim Cahill is an Australian citizen who resides in England and pays tax to the English government. If he moves to Saudi Arabia he will pay any tax he is obliged to (which is none) to the Saudi govenment.

£75k a week in England would attract a fair lump of tax. In Saudi Arabia, he would effectively earn twice as much as there is no tax.

I'd still want a bigger transfer fee.

I worked abroad for many years while still paying UK tax and NI contributions. I now get my OAP (for which I paid my Taxes and NI contributions just like all the UK resident OAPs did) but it is FROZEN by the UK Govt at the rate of issue just because I live in Bali. My UK OAP is added to my other Private Pensions (paid for with TAXED money) and investment income and then I am TAXED some MORE because I exceed the Personal Tax Allowance.

Now there are 550,000 OAP's like me who have FROZEN Pensions but we dont use the Health Service or get Bus Passes or Winter Heating Allowance nor any of the other myriad benefits and allowances that UK and EU resident OAP's can use and claim . So we are PUNISHED doubly by HMG our OAP Pensions are FROZEN and the bastards STILL tax us and give us NOTHING.

Tim will be paying tax in UK at 40%(?). The tax rate in Australia is 50% so he will have to pay the balance 10% to Aussie government. In Saudi the tax rate is 0% so he will pay the full 50% amount to the Aussie govt.

Australia and USA have tax regulations where their citizens pay tax on worldwide income even if they are not resident, that is why that founder of Facebook recently gave up his US citizenship.

UK citizens on the other hand only pay tax on income earned in UK, so if like me you are resident abroad and salary is earned abroad then there is no tax to pay to HMRC. Income earned on renting out a house in UK is subject to UK tax though.

Peter #280, while you were working abroad you should not have been paying tax in UK and NI contributions are voluntary.

To get a good fee for him now from a foreign club and get him off the wage bill is a no-brainer. If selling Cahill and the likes of Yobo & Anichebe means we can appease the banks, make up our £5m deficits AND keep hold of Baines & Fellaini, then I'm all for it, even if it means we won't have anything else to sign the likes of Pienaar!

Me personally, I'd try and shift Rodwell on as well for as much as we could so we could sign Pienaar permanently and maybe sign a freebie or two. Rodders is still young and needs nurturing and there will be clubs out there willing to take him on but, because of loss of form and injuries, his stock as dropped so if we were lucky to get anything from £7 to 9 mill for him I think we'd have to seriously think about it if were desperate to get Pienaar in and one or two others?!

IMO, Rodwell is someone we can live without, we won't miss, so sell him to get Pienaar in and if possible, sign someone like Manny Fernandes or Diame to replace him and if we could stretch our money further, try and sign either of Barnetta or Rodallega to fill out the squad.

I've heard the banks don't want as much money from us this summer as they've seen sense and realise we won't do as well if we asset strip and then prize money and things coming in will drop... so instead of £10m that they wanted, it's close to half. So say they want £5 or 6 mill: Sell the likes of Cahill ? £5m, Yobo ? £3m, Rodwell ? £7-8m and Anichebe ? £3m for a total of £18m (by lowest values) whilst drastically lowering the wage bill; give the banks say, £5m, make up our £5m loses we apparently make every year before trading. This would hypothetically leave us with £8m to spend on bringing in Pienaar and whoever else Moyesie wanted to fill out the team/squad with if possible?!

This is all just guess work on who to sell and at what value but I'm going by what I've heard and how I'd value those players. We all know Moyesie wants £3m for Yobo and apparently were willing to sell Big Vic for 3 to 4 mill. If the Saudi's want Cahill then I think £5m is reasonable for him and because Rodwell as suffered with injuries and found it hard to find his form but as become an England international, I think anything from 7 mill to around about 9 or 10 is good for him too, considering his circumstances.

It all depends on Moyes's thinking of who he wants to sell to make up the money, what he's willing to do with the team and whether or not these players have interest in them to be able to get rid.

The simple answer is they don't pay tax on earnings!!! If your accountant made you pay tax then I would seriously either get a new one or start wondering where his new Porsche came from!!! Haha!!!

In the latter case, you're not taxed twice/double. You first pay the tax to the country you live in (in Tims case UK), and if this is below the amount you would have had to pay if you lived in your country (OZ), you pay the difference to the tax man where you're a citizen (OZ).

As for any Saudi deal, most footballers try to negotiate a 'net salary', i.e. what actually hits their bank account and don't care about the tax rate as their employer will have to sort this out. This 'netto' phenomenon first came to the UK I believe when Gullit moved to Chelsea and said he wanted 40k a week after taxes. I.e. whatever the tax rate was he didn't care as Chelsea had to pay him an amount that meant he actually got paid 40k a week at the time!

Am sure if Timmy goes to Saudi or the UAE his agent will negotiate a 'netto' contract - or at leats try to.

Back to the OP - all good things come to an end,

On the OP, I can't see why Tim would go for a 12 month contract for only slightly more than he's earning now with two years left on his current deal.

Players don't care about tax just ashame we all have to!

He could follow his Australian friend Lucas Neill in playing in the Middle East. Itt would be a lucrative move for him, and he'd be able to put more effort into his coaching academy.

Am by no means an expert but you always tend to pay the highest rate. E.g. if the rate in the UK is 40% and in Oz 50%, you'll pay 40% to the UK and then 10% to Oz. If its the other way round you pay 50% to the UK and nothing to Oz, you just dont get taxed 'twice'. There a different types of income, tax rates, rules etc but you get the general idea.

I actually know somone who turned down a US passport as she had not intention of ever living in the US and didn't want to have to pay US tax for the rest of her life.

Good luck to him I wish him well. Feels about the right time to move on for both parties. Cahill is also the highest earner apart from Fellaini now.