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U.S. Senator Wyden Looking to Revoke Tax Exemption for PGA Tour and Special Tax Break for Saudi Public Investment Fund

28 July 2023

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Proposed Changes

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United States

U.S. Senate Finance Committee leaders Ron Wyden (D-OR.) has announced the introduction of two bills that would revoke the tax exemption for the PGA Tour and the special tax break for the Saudi Public Investment Fund, the Sports League Tax-Exempt Status Limitation Act and the Ending Tax Breaks for Massive Sovereign Wealth Funds Act. --- Wyden Introduces Bills Revoking PGA Tour's Tax Exemption, Saudi Public Investment Fund's Special Tax Break Finance Chairman: "An organization that betrays its own word and agrees to become a profit generator for Saudi Arabia's brutal regime has disqualified itself for a tax exemption." Washington, D.C....