federal taxes

FIFA in Talks to Secure Tax Exemption for All 48 World Cup Teams

FIFA is in advanced talks with the US Treasury to secure federal tax exemptions for all 48 World Cup national teams under section 501(c)(3) of the internal revenue code. After months of lobbying involving Donald Trump's World Cup taskforce, FIFA has received an undertaking that applications are likely to be granted if proper procedures are followed. While state and city taxes will still apply, the exemption could save national associations millions and ease concerns about tournament costs.