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Tyson Fury talks tax trash about Lewis Hamilton

October 16, 2021
Lewis_Hamilton_Silverstone_2018_Jen-Rossi_flickr-Wikipedia_2560px

Lewis Hamilton visiting fans at the 2018 Formula 1 British Grand Prix at Silverstone (Photo by Jen_ross83)

It's the greatest time of the year for sports fans as a variety of games and events overlap. College and professional football games fill up our weekends, and for the National Football League (NFL) our Mondays and Thursdays.

Pucks have dropped in National Hockey League (NHL) arenas. The National Basketball Association (NBA) preseason will give way next week to match-ups that count.

And, of course, four Major League Baseball (MLB) teams are facing off to determine which two will make it into the World Series.

So naturally, I've run across a sports story with a tax reference that involves mostly-European motorsports and boxing.

Cross-sport tax trash talk: Formula 1 (F1) superstar and seven-time series champion Lewis Hamilton, or as he's formally titled in his native England, Sir Lewis Carl Davidson Hamilton MBE, and his countryman Tyson Fury, reigning World Boxing Council (WBC) heavyweight champ, recently got into a war of words.

Tyson Fury WBC heavyweight champion_World Boxing Council photo-1It seems Fury, pictured at left with his WBC belt, is a tad upset that Hamilton gets more media attention. Specifically, the boxer is not happy that he was not included in Queen Elizabeth II's New Year's Honours list last year.

"Unlike Lewis Hamilton I live and pay taxes which went up to £9 million last year," Fury said during a recent interview with Mail Online, in which the boxer slammed Hamilton's knighthood.

Hamilton, like many F1 stars from various countries, has officially made the tax haven of Monaco his home. He also came under scrutiny of United Kingdom tax officials over the purchase of a business-related private jet that he based in Isle of Man, another tax haven.

No worries for Hamilton: Such attention and criticism, be it about tax or sport, doesn't appear to bother Hamilton, who's in a close fight for a record-breaking eighth F1 championship.

Sir Lewis ducked Fury's tax jab and even praised the boxer in an Instagram post.

OK, maybe the exchange wasn't as heated as Fury's victorious defense of his title last weekend in Vegas, baby, or Hamilton's recent wheel-to-wheel-and-over racing in Italy with a young F1 star gunning for his title.

But since it involves, even peripherally, taxes, the coverage earns this weekend's Saturday Shout Outs. Read all about the cross-competition contretemps in:

Now I'm off to enjoy the sports being televised here across the pond this Saturday. Here's hoping your teams win … as long as they're not playing mine!

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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