EPT
HyuN owed $23,000 in back pay and prize money by Quantic -…
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CyberVoid
Brazil165 Posts
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NoobSkills
United States1598 Posts
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P_e_X
Germany43 Posts
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fireforce7
United States334 Posts
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Neo7
United States922 Posts
On January 02 2014 06:14 NoobSkills wrote: Why do teams get prize money for individual players? Doesn't make sense to me. Bad that he isn't going to get paid. Bad that he trusted someone else with his money. Players often have an option to pay out to themselves directly or to their team. The difference is that if it's paid directly to them, they often get slammed with taxes (international or otherwise). They can get some pretty big tax breaks on their income through paying it to their team instead and having the team distribute it. | ||
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Manijak
Slovenia112 Posts
. Hope it still somehow works out for Hyun and he doesn't retires. | ||
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blastyblast21
United States61 Posts
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LuckyFool
United States9015 Posts
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NoobSkills
United States1598 Posts
On January 02 2014 06:23 Neo7 wrote: Players often have an option to pay out to themselves directly or to their team. The difference is that if it's paid directly to them, they often get slammed with taxes (international or otherwise). They can get some pretty big tax breaks on their income through paying it to their team instead and having the team distribute it. Money won in a country has to have taxes paid in the country. Doesn't matter who it goes to, the taxes must be paid. It makes no difference who it goes to. The reason why the money went to the team were: 1. Language barrier when it comes to collecting 2. Team offered to solve that language barrier 3. The team owner wanted the money because of what is happening now. In the end though I don't trust enough people especially with money. Money alone is tempting, but your team owner isn't the same as a family member or a friend and even those people sometimes steal money. | ||
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AlternativeEgo
Sweden17309 Posts
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B-rye88
Canada168 Posts
On January 02 2014 07:08 NoobSkills wrote: Money won in a country has to have taxes paid in the country. Doesn't matter who it goes to, the taxes must be paid. It makes no difference who it goes to. The reason why the money went to the team were: 1. Language barrier when it comes to collecting 2. Team offered to solve that language barrier 3. The team owner wanted the money because of what is happening now. In the end though I don't trust enough people especially with money. Money alone is tempting, but your team owner isn't the same as a family member or a friend and even those people sometimes steal money. The bolded, specifically, is incorrect dependant on jurisdiction. | ||
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ChoDing
United States740 Posts
someone catch that asshole ceo please | ||
Zealously
East Gorteau22261 Posts
On January 02 2014 07:08 NoobSkills wrote: Money won in a country has to have taxes paid in the country. Doesn't matter who it goes to, the taxes must be paid. It makes no difference who it goes to. No, not necessarily. | ||
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Dodgin
Canada39254 Posts
On January 02 2014 02:34 orvinreyes wrote: that's why kespa kespa didn't help jangbi | ||
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NoobSkills
United States1598 Posts
On January 02 2014 07:21 B-rye88 wrote: The bolded, specifically, is incorrect dependant on jurisdiction. The bolded is correct, but may be negated by jurisdiction. If I won WCS Kor and paid taxes in Korea and came back to the income would be given a credit for up to 92,000 after that I would have to pay taxes on it again. Now, specifically you could argue that taxes in a foreign country if a team/LLC/corp/small buisness was to take the money you might save money in taxes when compared to filing it as personal income. In the end though trusting someone with your money isn't wise. | ||
ZodaSoda
Australia1191 Posts
On January 02 2014 03:18 TotalBiscuit wrote: This is the reason I come to Teamliquid, to have random forum posters inform me of what my team is and isn't. Right, random forum poster who has been following and organizing the way teams are recognized in Starcraft longer than you've been interested in the game... Take your attitude somewhere else on this one Biscuitboy Why is it so important to you people call Axiom a "Korean" team anyway? its not going to happen if you keep calling it your team and you keep telling us that you pay them and that you organize their flights, and without GSTL now, Axiom not in Proleague, you're as far as you can get from being a proper "Korean" team in the meaning of the phrase coming from the BW days... at best you're a International team who happens to only sign Koreans, if TL dropped all their players except for Taeja and HerO would that make Liquid a Korean team? no... But of course i get ahead of my self here, I'm talking to you of all people and whats in your mind is right! can't argue with that... | ||
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ZAiNs
United Kingdom6525 Posts
On January 02 2014 08:00 ZodaSoda wrote: Right, random forum poster who has been following and organizing the way teams are recognized in Starcraft longer than you've been interested in the game... Take your attitude somewhere else on this one Biscuitboy Why is it so important to you people call Axiom a "Korean" team anyway? its not going to happen if you keep calling it your team and you keep telling us that you pay them and that you organize their flights, and without GSTL now, Axiom not in Proleague, you're as far as you can get from being a proper "Korean" team in the meaning of the phrase coming from the BW days... at best you're a International team who happens to only sign Koreans, if TL dropped all their players except for Taeja and HerO would that make Liquid a Korean team? no... But of course i get ahead of my self here, I'm talking to you of all people and whats in your mind is right! can't argue with that... Is Alliance a Swedish team or an American team? :o | ||
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TotalBiscuit
United Kingdom5437 Posts
On January 02 2014 08:00 ZodaSoda wrote: Right, random forum poster who has been following and organizing the way teams are recognized in Starcraft longer than you've been interested in the game... Take your attitude somewhere else on this one Biscuitboy Why is it so important to you people call Axiom a "Korean" team anyway? its not going to happen if you keep calling it your team and you keep telling us that you pay them and that you organize their flights, and without GSTL now, Axiom not in Proleague, you're as far as you can get from being a proper "Korean" team in the meaning of the phrase coming from the BW days... at best you're a International team who happens to only sign Koreans, if TL dropped all their players except for Taeja and HerO would that make Liquid a Korean team? no... But of course i get ahead of my self here, I'm talking to you of all people and whats in your mind is right! can't argue with that... It's cute that the Broodwar Elitists are still around. Team full of Koreans, that lives in Korea, trains in the Korean style, is coached by a Korean, is physically based in a Korean house, yeah they're probably Korean. Your definitions means nothing. Oooh how fancy, you've been organising what you think teams are since Brood War. I'm in awe. | ||
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ZodaSoda
Australia1191 Posts
On January 02 2014 08:08 TotalBiscuit wrote: It's cute that the Broodwar Elitists are still around and still as snippy as ever. I'm a Starcraft 2 Elitist if anything lol, run along manchild. | ||
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TotalBiscuit
United Kingdom5437 Posts
On January 02 2014 08:09 ZodaSoda wrote: I'm a Starcraft 2 Elitist if anything lol, run along manchild. Take your cancerous attitude elsewhere. Your Brood War definitions are meaningless in SC2 and it's hilarious that you think you can tell a team what they are and are not considered to be. | ||
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