Canadian Franchises Consider Taxing Visiting Teams | AccountingWEB

Canadian Franchises Consider Taxing Visiting Teams

How can tax be a good thing? For Canadian sports teams, it may be a way to pull in unexpected revenues.

Known as the "visitors tax," some states in America charge visiting Canadian sports teams a percentage of team salaries based on the number of games or days the team comes to the American city.

The accounting firm of KPMG has advised Canadian provinces, especially Ottawa, that the country is leaving money on the table when American teams play in Canada, and should consider implementing a similar tax to the "visitors tax."

Officials say a tax like this for baseball, hockey and basketball teams would bring in $15 million annually.

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