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WSOP WINNER FACES A HEAVY TAX BURDEN

The current World Series of Poker champion Peter Eastgate (22) apparently stands to lose much of his $9.1 million first prize to Denmark's taxman, according to the well informed poker writer Thomas Somach on Poker Helper.com.  
 
As a resident of Denmark - a bastion of socialism-offering its citizens everything from free health care to free college education, and a consequently heavy tax regime - Eastgate is liable to pay 45 percent on the first $4 million he won, and an even higher 75 percent on the rest. That will only leave him with something like $2.5 million. Pokerstars
 
Eastgate has been looking for alternatives, according to newspapers following the story. During the enforced 117 day hiatus between making the final table and the start of the final table action, the forward thinking Eastgate apparently explored the possibilities of moving to the UK, where the British taxman levies a more acceptable flat 40 percent tax on winnings. That would improve Eastgate's takings considerably to $5.5 million, assuming the Danish tax authorities let him go with his winnings intact.
 
However, Somach observes, the young professional could do even better in Monaco, where there is no income tax at all for citizens.



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MPN Poker Tour Bratislava Results - Alex Hendriks Wins Inaugural MPN Poker Tour Bratislava Main Event and €27,000

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MPN Poker Tour Bratislava Day 1B - Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today

MPN Poker Tour Bratislava Day 1A - The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.

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