American taxes haunt the Spanish national team after winning the World Cup

American media said that the $50 million World Cup winning bonus received by Spain will be subject to a US tax of up to 30%.
According to a report published by The Guardian newspaper before the start of the tournament, the International Federation of Association Football (FIFA) did not succeed in reaching a comprehensive tax exemption in the United States for all participating national federations, while tax obligations vary according to the agreements concluded between the United States and different countries.
The report indicated that players’ revenues remain subject to US taxes, with the possibility of some coaches and members of the technical staff benefiting from exemptions linked to agreements to avoid double taxation.
The American Fox network indicated that the main problem is not necessarily related to the award that FIFA transfers to the Spanish Federation, but rather to what happens when the rewards are distributed to players and members of the technical staff.
Foreign players who earn income as a result of sporting activity in the United States may be subject to US tax rules on income earned there, which makes the bonuses they receive after the tournament subject to tax scrutiny, depending on the nature of the income, how it is distributed, and the length of time each person has spent in the United States.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter



