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Paris Olympics and the Tax Game
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Subscribe31 JUL 2024 / ACCOUNTING & TAXES
As the Paris 2024 Olympics and Paralympics take place, involved U.S. athletes and companies are navigating the complex French taxation system. Such athletes include LeBron James, Serena Williams, Alex Morgan, and Simone Biles, while Nike, Coca-Cola, and Visa are amongst participating corporations. This comprehensive taxation guide discusses key areas such as Corporate and Personal Income Tax, VAT, and tax considerations for sportspeople, explaining potential scenarios for non-resident individuals and organizations. Understanding these tax aspects is crucial to ensure compliance and avoid double taxation amid the excitement of the Games.
As we gear up for the Paris 2024 Olympics and Paralympics, which kicked off on July 26, 2024, there's a lot to consider, especially if you're supporting non-resident organizations or athletes involved in the Games. Some of the highest-paid U.S. athletes p...
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