London, Jan. 25 (ANI): Jamaican sprint champion Usain Bolt will not be competing in the upcoming Diamond League series to protest against Britain's tax laws.
The star athlete said that he will be staying away from the first anniversary of the 2012 London Olympic Games because United Kingdom tax department, Her Majesty Revenue and Customs (HMRC) has insisted that 50 percent of Bolt's appearance fee, along with half of any sponsorship or endorsements, would be paid as taxes if he competes in London, the Daily Mail reports.
Bolt, who had won three gold medals in the London Olympics, had pledged not to compete in any games in the UK, until the tax laws are changed, reports said.
British Olympic stars Mo Farah and Jessica Ennis also hopes to be involved in the meeting, which takes place before the World Championships in Moscow.
The British Athletics London Grand Prix, part of the Diamond League series, will move from its traditional home of Crystal Palace and take place on July 27, a year on from the London 2012 opening ceremony. (ANI)