Key tax dates and deadlines for 2018/19
It is an inevitable reality that, for anyone earning a livin...
By Lynne Gowers on 5th August 2016
Anything do to with numbers fascinates us here at Boox. As Rio 2016 gets underway, we take a look at the eye-watering sums attached to staging the Olympic Games, and some of the trivia that goes along with them.
This year’s Games will cost Brazil an estimated US$12 billion (approx GB£9 billion), which has sparked protests throughout the country, including these scenes as the Olympic torch arrived in Rio de Janeiro ahead of the opening ceremony.
But how does this compare with the cost of other Olympic Games staged so far this century?
2014 Sochi Winter Olympics – US$51 billion
Even though it was was the most expensive in Olympic history, much of the Olympic park and village in the Russian city now lies deserted and overgrown.
2012 London Summer Olympics – US$10.4 billion
A further US$90 million was spent on converting the main stadium at the Queen Elizabeth Olympic Park to a football ground, which will be the new home of West Ham United from the 2016/17 season.
2010 Vancouver Winter Olympics 2010 – US$1.3 billion
2008 Beijing Summer Olympics – US$8 billion
A budget only surpassed by Sochi Winter 2014.
2006 Turin Winter Olympics – US$700 million
The Italian government ingeniously created a lottery game to cover the hosting costs.
2004 Athens Summer Olympics – US$9 billion
The games have been cited as a contributor of Greece’s debt crisis.Much like Sochi, many of the venues have been left unused and left to ruin.
2002 Salt Lake City Winter Olympics – US$2 billion
Addition funds were invested in increased security measures in the wake of the 9/11 terror attacks
2000 Sydney Summer Olympics – US$5 billion
Notwithstanding the cost, there’s no doubt that the Olympics is a massive global spectacle and we are sure that the world’s eyes will be on Rio for the remainder of the summer.
Best of luck to all the Olympians and Paralympians taking part in Rio 2016. Come on Team GB!
Take a look at our recent blogs below.
GDPR – the General Data Protection Regulation, comes into effect on 25th May and is the bigges...
Published: 24th May 2018
As a business owner, your time is way too precious to spend hours dealing with HMRC or Companies Hou...
Published: 14th May 2018
“Never do tomorrow what you can do today. Procrastination is the thief of time” Charles Dicken...
Published: 11th May 2018
Congratulations! The very fact you clicked this far shows you are considering employing staff, and t...
Published: 17th April 2018
It is out with the old and in with the new when it comes to tax relief on childcare costs from April...
Published: 9th April 2018
The Boox accounting app has always been at the forefront of helping our clients understand their com...
Published: 26th March 2018
Spring has officially sprung and the start of the 2018/19 tax year is just around the corner –...
Published: 23rd March 2018
If your business is employing staff, you should already have a workplace pension in place, under the...
Published: 23rd March 2018
At this time of the year we are used to seeing the Chancellor holding aloft the red box ahead of the...
Published: 15th March 2018
A dispute has erupted between the BBC and 170 of its presenters over their tax arrangements and thei...
Published: 12th March 2018
The rush for taxpayers to file their 2016-17 self-assessment tax return is over for another year, an...
Published: 27th February 2018
If you need a little help to find the right accountancy service, don’t worry.
Get in touch with our friendly team for a FREE service consultation.
Thousands of contractors, freelancers and locums turn to Boox for help and advice with their limited company accounting. They love our personal service and app.
Specialist accounting for sole traders and the self employed, Boox combines easy online tools with expert support to take away the stress of handling your accounts.
Our combination of market-leading accounting software and expert personal advice gives you greater financial control and more time to grow your business.