Magic can’t save ‘Harry Potter’ star Rupert Grint from US$2.3M tax bill. Published December 1, 2024. Written by The Associated Press, Global News Canada. https://globalnews.ca/news/10896330/rupert-grint-harry-potter-tax-battle/
Since Harry Potter has been a film series with immense popularity and praise, you'd think the stars are pretty well-off. Rupert Grint, who played Ron Weasley, was taxed $2.3USD million and ordered to pay in 2019 after losing a legal battle with the tax authorities. His tax return was investigated 7 years ago by a UK. tax agency called Revenue Customs. This story highlights celebrity financial struggles and what they're dealing with behind the big screen. With all Grint's activities, people would assume that he's pretty well off. However, according to Judge Harriet Morgan, the money "derived substantially the whole of its value from the activities of Mr. Grint" and "is taxable as income." Essentially, all the money primarily came from Grint's efforts, and for tax purposes, it counts as his taxable personal income. Most people believe that successful people in Hollywood live luxury and carefree lives because they make so much out of their projects. To see a famous star not immune to financial challenges scratches something in my brain as I always believed in "big fame gets you big money." Needless to say, one who's famous is also one who's financially stable. This story can shift the public perception about the financial realities of celebrities and their money management.
No comments:
Post a Comment