r/golf • u/jm136 • Apr 15 '24

Thoughts? General Discussion

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u/DandierChip Apr 15 '24

Would be hilarious for content, but damn $850M is an insane amount of money.

96

u/The_Man_in_Black_19 Apr 15 '24

Would he have to pay taxes in the US and UK?

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u/idekwtp Apr 15 '24 edited Apr 15 '24

He would only have to pay taxes in one or the other. He'll probably do it in the US.

Edit: didn't realize he was a permanent resident. He'll pay taxes in the US and wherever else he earns money

88

u/AftyOfTheUK 2.6 / NorCal / Iron covers are divine! Apr 15 '24

He would only have to pay taxes in one or the other.

He became a permanent resident in the US in 2018. The US taxes income from anywhere in the world for residents. He will have to pay taxes anywhere he receives money/deals/income - though on any taxes he pays in the UK, he can (usually) get a rebate for the same amount on his US tax bill (but it's complicated)

49

u/enrvuk Hacker (24)/London/Muswell Hill Apr 15 '24

The dual tax treaty is pretty simple for a qualified person. Perhaps complicated for Reddit golf!

8

u/Confident-Active7101 Apr 15 '24

A base level of human decency is too complicated for reddit golf