IRS in the hot seat over potential cash grab from Spain’s World Cup winnings: ‘It’s a rip-off’

withholding unless reduced by a tax treaty or a different exception.

“It’s wrong, and that kind of highlights something bigger,” Rep. Jonathan Jackson, D-Ill., said about the potential high tax rate on Spain’s prize.

Burchett argued the potential tax burden sends the wrong message as the U.S. prepares to host more major international sporting events,continue reading …