Pro Sports Leagues and Tax Exempt Status

Joshua Farrell · Mar 16, 2023

There are some countries that allow professional sports leagues to have tax exempt status', in order to encourage participation. Yet they drive in a ton of income to the teams. Should they have to pay taxes like every other business, or is it ok that they don't?

Bisolami · Mar 16, 2023

Joshua Farrell said:
There are some countries that allow professional sports leagues to have tax exempt status', in order to encourage participation. Yet they drive in a ton of income to the teams. Should they have to pay taxes like every other business, or is it ok that they don't?

I think there is a way that taxes are allocated to them. They should pay taxes that is compulsory

IB D · Mar 16, 2023

I think that the government of the country has a goal it hopes to achieve with that kind of policy. And when that goal is achieved, those sport teams would be told to pay taxes.

Pro Sports Leagues and Tax Exempt Status

Joshua Farrell

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Bisolami

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IB D

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