Ises Worth News Today

Leagues considered nonprofits? in september, oklahomas republican senator tom coburn asked just that question. coburn introduced the pro sports act which would strip professional sports leagues of their federal tax exemption if they earn more than $10 million. the nfl obviously makes much more than that, but to be clear, the organization does point out that only the league office is tax exempt. the 32 member team dos pay taxes on their income. the chaps that coburns bill will pass are slim to no...

Budweiser is one of its main sponsors and fifa demanded the booze ban be overturned. >> at this point you can be horrified or relieved fifa wasnt also sponsored by cocaine and chain saws. this preferential treatment extends beyond budweiser. fifa is getting tax exemption ises worth $250 million. other estimates out even higher. why is an org with a reported reserve of more than $1.4 billion receiving such huge tax benefits. well, because fifa is a nonprofit organization and, guess what, its not ...