Colombia's Top-Scoring Soccer Star Balks at National Wealth Tax [BNN Bloomberg (Canada)]
Manchester United Ltd. Class A Ordinary Shares (MANU)
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Source: BNN Bloomberg
After a career that included stints at Atletico de Madrid, Chelsea and Manchester United, striker Radamel Falcao Garcia is joining Millonarios FC, the Bogota-based club he supported as a child. But Falcao, 38, said that despite his love for the club, he'll only stick around for six months to avoid being on the hook for a 1.5% tax on his global assets. The wealth tax “had a very strong impact that prevented me from continuing,” Falcao said Friday, in an interview with W Radio. Colombia is one of a handful of countries that imposes a tax on personal net wealth. Individuals become liable for a levy of 0.5% on net wealth that exceeds the equivalent of about $820,000, rising to 1.5% on assets above $2.7 million. The Andean nation has imposed wealth taxes on and off for decades. But after he took office in 2022, President Gustavo Petro passed a bill that made it permanent. As of 2020, France, Norway, Spain, and Switzerland were the only other members of the Organisation for Econo
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MANU
Earnings
- 3/12/24 - Beat
MANU
Sec Filings
- 5/28/24 - Form 6-K
- 4/30/24 - Form 6-K
- MANU's page on the SEC website