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Newbee Discussion - Page 17

Forum Index > Dota 2 Player & Team Discussion
Post a Reply
Prev 1 15 16 17 18 19 34 Next All
opterown *
Profile Blog Joined August 2011
Australia54784 Posts
July 24 2014 06:41 GMT
#321
According to the weibo (Chinese twitter) of Newbee's boss, they have to pay 30% tax first to the Chinese government due to some recent China-USA overseas earning taxation policy change. He also asked for tax evasion tips. Then the club will get a 10% cut (he then promised wage increase and welfare improvement for players) and the rest 63% will be split between the five players.
ModeratorRetired LR Bonjwa
TL+ Member
icystorage
Profile Blog Joined November 2008
Jollibee19350 Posts
July 24 2014 06:42 GMT
#322
630k clean per player is already fucking awesome
LiquidDota StaffAre you ready for a Miracle-? We are! The International 2017 Champions!
Reson
Profile Joined July 2014
530 Posts
July 24 2014 09:56 GMT
#323
On July 23 2014 04:24 lprk wrote:
Show nested quote +
On July 22 2014 23:20 allen_ami wrote:
http://v.youku.com/v_show/id_XNzQ0MzM4ODIw.html

during the interview with IMBATV, banana said he is considering retirement.

the other 4 all confirmed they will fight for TI5

If Banana retire I hope they manage to poach fy.


Lol everybody hopes they can poach fy especially if Fenrir stops playing. That guys is godly.

Glad these Ex-Tongfu guys finally got their second major championship.
LemOn
Profile Blog Joined July 2005
United Kingdom8629 Posts
July 24 2014 13:48 GMT
#324
On July 24 2014 11:45 MaZza[KIS] wrote:
Show nested quote +
On July 23 2014 12:55 Caladbolg wrote:
If Banana retires they have to get Chuan so they can pick enchantress again.

That said, I thought it was gonna be xiao8 retiring? Guess winning the gold really makes you hungry. It's gonna be the hardest road xiao8 will have to climb - defending the aegis!


Yes, perhaps an idealist can say "winning gold really makes you hungry", but from a realists point of view xiao8 just became "The worlds best captain". He will most likely look to capitalise on his post-TI4 fame, i.e. negotiate better contract, sponsorship, commercials, etc.

A questions for the Americans, how much tax would NB have to pay on the $5m? What I'm trying to get at is that, after his cut is calculated, Xiao8 is not getting all that much. He might be able to pay for an apartment but certainly not set for life.

He is set for life pretty much, with some decent money management, staying in china and keepin same ish lifestyle ezpz
Much is the father figure that I miss in my life. Go Daddy! DoC.LemOn, LemOn[5thF]
Snerd
Profile Joined October 2013
United States125 Posts
July 24 2014 22:14 GMT
#325
I really think that Hao has such an interesting play style.
神の手
rysecake
Profile Joined October 2010
United States2632 Posts
July 24 2014 23:23 GMT
#326
On July 24 2014 22:48 LemOn wrote:
Show nested quote +
On July 24 2014 11:45 MaZza[KIS] wrote:
On July 23 2014 12:55 Caladbolg wrote:
If Banana retires they have to get Chuan so they can pick enchantress again.

That said, I thought it was gonna be xiao8 retiring? Guess winning the gold really makes you hungry. It's gonna be the hardest road xiao8 will have to climb - defending the aegis!


Yes, perhaps an idealist can say "winning gold really makes you hungry", but from a realists point of view xiao8 just became "The worlds best captain". He will most likely look to capitalise on his post-TI4 fame, i.e. negotiate better contract, sponsorship, commercials, etc.

A questions for the Americans, how much tax would NB have to pay on the $5m? What I'm trying to get at is that, after his cut is calculated, Xiao8 is not getting all that much. He might be able to pay for an apartment but certainly not set for life.

He is set for life pretty much, with some decent money management, staying in china and keepin same ish lifestyle ezpz


630k is no where near set for life unless you're living in a third world country
The Notorious Winkles
TanGeng
Profile Blog Joined January 2009
Sanya12364 Posts
July 24 2014 23:46 GMT
#327
Not enough to buy a house for xiao8

Can't retire.
Moderator我们是个踏实的赞助商模式俱乐部
Adrian_mx
Profile Joined April 2010
Mexico1880 Posts
July 25 2014 00:47 GMT
#328
On July 24 2014 15:41 opterown wrote:
According to the weibo (Chinese twitter) of Newbee's boss, they have to pay 30% tax first to the Chinese government due to some recent China-USA overseas earning taxation policy change. He also asked for tax evasion tips. Then the club will get a 10% cut (he then promised wage increase and welfare improvement for players) and the rest 63% will be split between the five players.

Not bad considering some govts are dicks and tax alot more of it
我是冠军
opterown *
Profile Blog Joined August 2011
Australia54784 Posts
July 25 2014 03:26 GMT
#329
On July 25 2014 08:46 TanGeng wrote:
Not enough to buy a house for xiao8

Can't retire.

630k isn't enough to buy a house?! ouch
ModeratorRetired LR Bonjwa
TL+ Member
Caladbolg
Profile Joined March 2011
2855 Posts
July 25 2014 04:18 GMT
#330
In terms of tax (have handled some international tax cases before), you have to check the bilateral tax treaties. Normally, if the prize was taxed in the US, a treaty would allow Newbee (and/or the players) to simply pay the difference between the taxes (say the US imposed 20% on prize money tax or income, China imposes 30% on the same, then they'd only have to pay 10% when they get back to China), depending on the provisions of the treaty (usually these treaties have a cap %).

This "changes" things even if the aggregate % is the same because deductions, value-added tax, and tax rates/bases are different everywhere so they could potentially save a lot of money by making use of Chinese tax laws, since the US usually isn't tax-friendly unless you live in the southern states.

Ultimately though 630k is a whoooole lot of money for someone below 30. It should encourage them to have another go, this time with even better conditions (contract, endorsements, exposure).
"I don't like the word prodigy at all. To me prodigy sounds like a person who was 'gifted' all these things rather than a person who earned all these talents by hard training... I must train harder to reach my goal." - Flash
TanGeng
Profile Blog Joined January 2009
Sanya12364 Posts
July 25 2014 11:47 GMT
#331
You need about 1 million to buy a flat in Shanghai. Yeah. Xiao8 could have done it if there were 0 taxes. Have to play one more year man.
Moderator我们是个踏实的赞助商模式俱乐部
TanGeng
Profile Blog Joined January 2009
Sanya12364 Posts
July 25 2014 12:05 GMT
#332
Fucking Xiao8. That style.
[image loading]
Moderator我们是个踏实的赞助商模式俱乐部
icystorage
Profile Blog Joined November 2008
Jollibee19350 Posts
July 25 2014 12:08 GMT
#333
if somebody wants to know xiao8's favorite number, pm me
LiquidDota StaffAre you ready for a Miracle-? We are! The International 2017 Champions!
evanthebouncy!
Profile Blog Joined June 2006
United States12796 Posts
July 26 2014 08:34 GMT
#334
On July 25 2014 07:14 Snerd wrote:
I really think that Hao has such an interesting play style.

Hao is chinese Xboct man, such a 4.
Life is run, it is dance, it is fast, passionate and BAM!, you dance and sing and booze while you can for now is the time and time is mine. Smile and laugh when still can for now is the time and soon you die!
FilipSRB
Profile Joined September 2011
Serbia63 Posts
July 26 2014 10:54 GMT
#335
There were a couple of posts on LD suggesting that Valve pays the taxes, on prize winnings, not the players themselves. Baseless speculation, or actually confirmed somewhere?
opterown *
Profile Blog Joined August 2011
Australia54784 Posts
July 26 2014 11:34 GMT
#336
pretty sure the valve tax thing was just speculation
ModeratorRetired LR Bonjwa
TL+ Member
TRAP[yoo]
Profile Joined December 2009
Hungary6026 Posts
July 26 2014 11:56 GMT
#337
aparently hao has some contract that requieres him to stream from time to time
http://www.zhanqi.tv/11464
FTD
opterown *
Profile Blog Joined August 2011
Australia54784 Posts
Last Edited: 2014-07-28 07:20:36
July 26 2014 12:05 GMT
#338
http://www.3dmgame.com/news/201407/3340982.html

another interview with manager i think

http://www.reddit.com/r/DotA2/comments/2brf59/can_someone_translate_an_interview_from_newbees/cj8c8sr
ModeratorRetired LR Bonjwa
TL+ Member
Elyvilon
Profile Joined August 2008
United States13143 Posts
July 26 2014 15:13 GMT
#339
On July 23 2014 04:24 lprk wrote:
Show nested quote +
On July 22 2014 23:20 allen_ami wrote:
http://v.youku.com/v_show/id_XNzQ0MzM4ODIw.html

during the interview with IMBATV, banana said he is considering retirement.

the other 4 all confirmed they will fight for TI5

If Banana retire I hope they manage to poach fy.

Everybody wants to poach fy, poor VG
Liquipedia
Caladbolg
Profile Joined March 2011
2855 Posts
July 28 2014 02:11 GMT
#340
On July 25 2014 20:47 TanGeng wrote:
You need about 1 million to buy a flat in Shanghai. Yeah. Xiao8 could have done it if there were 0 taxes. Have to play one more year man.


Have to play 2 more times, winning TI6 (or getting a top placement), cause odd-numbered TIs are reserved for non-Chinese teams.

And xiao8's wife has that thigh gap that's all the fad these days.
"I don't like the word prodigy at all. To me prodigy sounds like a person who was 'gifted' all these things rather than a person who earned all these talents by hard training... I must train harder to reach my goal." - Flash
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