Agassi wins tax battle in the UK

Three appeal judges in London allowed Agassi\'s challenge to a High Court ruling that foreign showbiz and sports stars on tour in Britain are liable for UK income tax on money earned from overseas product endorsement deals - even if the cash never sees the light of day in Britain. The Court of Appeal ruled that Agassi was not liable for UK tax on income paid by German sportswear makers Nike and Head Sports to his US-based company, Agassi Enterprises Inc, because none of them was resident or had a \'tax presence\' in Britain. Inland Revenue lawyers are to petition the House of Lords for leave to appeal. Full report by The Independent