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Spain's World Cup winnings of $50 million may be subject to U.S. federal taxes of up to 30%. Representatives Tim Burchett and Jonathan Jackson criticized the tax implications for foreign athletes, suggesting it sends a negative message as the U.S. prepares to host more international events. The total prize pool for the World Cup was $871 million.
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Spain's World Cup winnings of $50 million may be subject to U.S. federal taxes of up to 30%. Representatives Tim Burchett and Jonathan Jackson criticized the tax implications for foreign athletes, suggesting it sends a negative message as the U.S. prepares to host more international events. The total prize pool for the World Cup was $871 million.
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IRS in the hot seat over potential cash grab from Spain's World Cup winnings: 'It's a rip-off'
IRS May Tax Spain's World Cup Winnings at Up to 30%