FIFA Corruption Scandal: 7 Most Damning Allegations Ever
2. Tax-Free Status For Almost Everything
Somehow, despite being a billionaire company, FIFA is still registered as a non-profit organisation. Despite selling global TV rights to football and the World Cup and marketing rights for the same, it is still registered a non-profit organisation.
Yes it is true that FIFA does do some sterling work in developing grass roots football in poor nations. FIFA also has a hand in promoting football and inclusion in war torn regions like Syria and Palestine.
However the money they receive, and indeed the money they spend on their top officials is not commensurate with a not for profit organisation. Blatter receives an annual pay check of $1 million.
Many of the 200-plus FIFA officials, including those arrested recently were being put up in a 5 star hotel in Switzerland. A standard double room costs upwards of £500 a night. Yet they are STILL registered as a non-profit organisation.
Somehow they don’t pay dime one in tax. The costs to tax payers of host nations to hold such an event as a World Cup is high, and yet no taxes are paid by the institution supposedly helping developing nations develop the sport. When a World Cup is held in a developing nation it would seem unfair to tax the people the organisation claims to be helping. There is a serious disconnect there.