Participants of the 2026 FIFA World Cup can use a proportional formula to allocate the prize money and other compensation they receive among the countries hosting the tournament, the IRS said Wednesday.
The IRS and the Canada Revenue Agency have agreed on a “reasonable” allocation method based on the number of matches played in each of the three World Cup host countries—the US, Canada, and Mexico—relative to the total number of matches the team plays, the IRS said in an emailed statement.
National teams and players can determine the allocation by multiplying the relevant earnings by the number of matches ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.