Jul 20th, 2012
Six Down! One more sponsor gives up their tax break
Wow! We’re nearly halfway there!
The public pressure is obviously working. The 38 Degrees office just heard from Omega, who confirmed they won’t be tax-dodging on their Olympic profits. See what they had to say:
“OMEGA can confirm that as a long-time partner of the Olympic Movement, the company will not be undertaking any sales activities within the Olympic Games site and our existing stores and retail operations will be subject to their existing tax regimes. Accordingly, we never intended to claim – and will not be claiming – any corporate tax exemption at the London 2012 Games. As the Official Timekeeper of the Olympic Movement since 1932 we are very proud of our association and the role we play in enabling the Games to be enjoyed by billions of people around the world.”
So now we need to increase the pressure on Adidas and the other sponsors to step up to the mark. Sign the petition here: