IRS in the hot seat over potential cash grab from Spain’s World Cup winnings: ‘It’s a rip-off’

← Back to the feed

IRS in the hot seat over potential cash grab from Spain’s World Cup winnings: ‘It’s a rip-off’

Fox News · 5 hours ago

US House lawmakers have raised bipartisan concerns that the Internal Revenue Service could tax a large share of the $50 million prize money awarded to Spain for winning the 2026 FIFA World Cup, with one representative branding the potential levy "a rip-off." The issue has drawn attention because it touches on how the US tax system applies to foreign national teams and individuals earning income connected to events held on American soil, raising broader questions about fairness and international sporting relations.

Spain, as reigning champions of the tournament, is facing the prospect of federal tax being applied to a significant portion of its winnings, with some estimates pointing to a rate as high as 30%. The matter was discussed by House lawmakers, who questioned whether it was appropriate for the IRS to take a cut of the championship payout, though the article does not detail any final ruling or resolution on the matter.

  • Spain's $50m World Cup prize may face US federal tax
  • Some estimates suggest a tax rate as high as 30%
  • House lawmakers, bipartisan, called the potential IRS levy a "rip-off"

Europe World

Read the full article at the source →