MotoGP: Marc Márquez rumoured to have moved to Andorra for tax reasons
Wednesday, December 10, 2014 @ 11:07 AM
TWICE-WORLD champion in MotoGP Marc Márquez is reported to have moved to Andorra to reduce his taxes.
The 21-year-old, who scooped up the top title in his rookie year, 2013, and repeated the performance the following season, is said to be earning around 10 million euros a year – but by establishing his permanent residence in the Pyrénéen country, he will reduce his tax liability to an annual 30,000 euros.
Spanish national daily broadsheet El Mundo and the national newspaper for the principality itself, El Diari d'Andorra, both say he is set to head north and is just waiting for the smaller country's immigration deparment to approve his residence application.
Márquez and his brother Àlex, 18, who was Moto2 world champion this year, come from the town of Cervera in the land-locked province of Lleida, in the north-eastern region of Catalunya – just 120 kilometres from Andorra.
Read more at thinkSPAIN.com