Senate Finance Committee Chair Wyden Introduces Bills Revoking PGA Tour Tax Exemption, Saudi Public Investment Fund Special Tax Break
July 28, 2023
July 28, 2023
WASHINGTON, July 28 -- Sen. Ron Wyden, D-Oregon, chairman of the Senate Finance Committee, issued the following news release on July 26, 2023:
With the surprise merger between the PGA Tour and the Saudi Public Investment Fund (PIF) pending, Senate Finance Committee Chairman Ron Wyden (D-Ore.) today introduced legislation that would revoke the PGA Tour's tax exemption and deem the PIF ineligible for a lucrative tax break that applies to sovereign wealth funds.
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With the surprise merger between the PGA Tour and the Saudi Public Investment Fund (PIF) pending, Senate Finance Committee Chairman Ron Wyden (D-Ore.) today introduced legislation that would revoke the PGA Tour's tax exemption and deem the PIF ineligible for a lucrative tax break that applies to sovereign wealth funds.
"Mos . . .