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'Worst Host Ever': U.S. Takes 30% of Prize Money, 'Nothing Short of Robbery' Amid World Cup $100 Million Revenue Forecas
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Sports

'Worst Host Ever': U.S. Takes 30% of Prize Money, 'Nothing Short of Robbery' Amid World Cup $100 Million Revenue Forecast

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

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  • The U.S. government is set to collect $13.4 million in taxes from the Spanish national football team's World Cup prize money.
  • This action by the host nation is causing international discussion, with some calling it 'robbery.'
  • The U.S. anticipates earning $100 million in revenue from the World Cup.

The Spanish national football team faces a significant tax imposition on their World Cup winnings, with the U.S. government planning to levy $13.4 million from their prize money. This move by the host nation has sparked considerable international debate, with critics labeling the action as akin to 'robbery.'

According to reports from Japan's 'Cocora,' the U.S. government's decision to tax the Spanish team's earnings has caused a stir globally. The Spanish team is expected to receive a substantial amount as prize money for their performance in the World Cup, but a significant portion will now be diverted to U.S. coffers due to the host country's tax laws.

This situation highlights the financial regulations imposed by host nations on international sporting events. While prize money is often substantial, the implications of host country tax policies can significantly impact the net earnings of participating teams and athletes.

The U.S. is projected to generate approximately $100 million in revenue from hosting the World Cup, with the taxation of prize money contributing to this figure. The controversy surrounding the tax collection underscores the complex financial landscape of major international tournaments.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.