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Travel Guide

What Is A Tourist Tax

Published: November 7, 2023

Modified: December 28, 2023

by Ddene Roberto

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Introduction

Welcome to the world of travel and tourism! As you embark on your journey to explore new destinations and immerse yourself in different cultures, you may come across a term called “tourist tax.” But what exactly is a tourist tax, and why is it important?

A tourist tax, also known as a visitor tax or accommodation tax, is a fee that is imposed on travelers for utilizing certain services or facilities in a particular destination. It is typically levied on top of the regular charges for accommodation, such as hotels, resorts, or other lodging options.

The purpose of a tourist tax is to generate additional revenue for the local government or tourism board, which can be used for various purposes such as infrastructure development, environmental preservation, or promoting tourism activities. It is a way for destinations to benefit from the influx of tourists and ensure that the local community is also impacted positively.

In this guide, we will delve deeper into the world of tourist taxes and unravel the different types of taxes, their implementation, and the effects they have on the tourism industry and local economy. Whether you are a seasoned traveler or a newbie venturing into the world of wanderlust, understanding the concept of tourist taxes can aid in your travel planning and provide valuable insight into the destinations you choose to explore.

Definition of Tourist Tax

A tourist tax is a specific type of tax that is imposed on travelers or tourists who visit a particular destination. It is a fee charged in addition to the regular expenses incurred during a trip, such as accommodation, transportation, and meals.

This tax is typically collected by the local government or tourism board and is intended to generate additional revenue for the destination. The funds generated from the tourist tax are often used to support various initiatives aimed at improving the local infrastructure, preserving the environment, promoting cultural heritage, and enhancing the overall tourist experience.

The exact nature and scope of a tourist tax can vary from one destination to another. Some destinations may impose a flat fee per night of stay, while others may calculate the tax as a percentage of the total cost of the accommodation or as a fixed amount per person. The rates of the tax can also differ based on factors such as the type of accommodation, the seasonality of the destination, or the duration of the stay.

It’s important to note that a tourist tax is not a universal practice and is not imposed in all travel destinations. The decision to implement a tourist tax is typically determined by the local government and is influenced by factors such as the tourism demand, the economic situation, and the specific needs and goals of the destination.

Purpose of Tourist Tax

The primary purpose of a tourist tax is to generate additional revenue for the destination and support various initiatives aimed at enhancing the tourist experience and benefiting the local community. Let’s delve into some specific purposes of implementing a tourist tax:

Funding infrastructure development: A significant portion of the revenue generated from tourist taxes is often allocated towards developing and improving the destination’s infrastructure. This includes constructing and maintaining roads, bridges, public transportation systems, parks, and other amenities that contribute to the overall tourism experience.
Preserving the environment: Many destinations utilize tourist tax revenues to support environmental conservation efforts. This can involve initiatives such as wildlife preservation, beach and ocean clean-up programs, and implementing sustainable practices to minimize the ecological impact of tourism.
Promoting cultural heritage: Tourist taxes can be used to preserve and promote a destination’s cultural heritage. This may include the restoration and maintenance of historical sites, funding for museums, galleries, and cultural events, and supporting local artisans and craftsmen.
Enhancing tourist safety and security: The revenue generated from tourist taxes can be utilized to enhance safety and security measures in a destination. This may involve the implementation of surveillance systems, hiring additional security personnel, and improving emergency response capabilities to ensure the well-being of tourists.
Marketing and tourism promotion: A portion of the tourist tax revenue is often allocated towards marketing and promoting the destination to attract more visitors. This can involve advertisement campaigns, participation in travel fairs and events, and digital marketing efforts to showcase the unique attractions and experiences available in the destination.

It’s important to note that the specific purposes and allocation of tourist tax revenue can vary from one destination to another, depending on the priorities and goals of the local government and tourism authorities. The intention is always to use the funds generated from the tax in a way that benefits both the tourists and the local community, fostering sustainable tourism development and ensuring a positive experience for all.

Types of Tourist Taxes

Tourist taxes can take various forms and can be implemented differently depending on the destination and the specific objectives of the local government. Here are some common types of tourist taxes you may come across:

Accommodation Tax: This is one of the most prevalent forms of tourist taxes, where a fee is added to the cost of accommodation. The tax can be calculated as a fixed amount per night or as a percentage of the accommodation cost. It is typically collected by the hotels, resorts, or lodging establishments and passed on to the local government.
City Tax: City taxes, also known as tourist development fees or visitor levies, are charged to tourists who visit specific cities or urban areas. These taxes vary in nature and may be calculated based on the number of nights stayed or the cost of accommodation. City taxes are often used to fund local tourism promotion and infrastructure development.
Environmental Tax: Some destinations impose an environmental tax to support sustainability initiatives and protect the natural resources of the area. This tax can be applied to tourists visiting national parks, protected areas, or popular natural attractions. The revenue generated from the environmental tax is used for conservation efforts and maintaining the ecological balance.
Tourism Levy: A tourism levy is a tax that is collected from tourists upon arrival or departure from a country. It is commonly used to fund national tourism marketing campaigns, support tourism-related projects, and facilitate the growth of the tourism industry on a larger scale.
Transportation Tax: In some cases, a tax may be imposed on transportation services that are frequently used by tourists, such as flights, cruises, or rental cars. This tax is often aimed at improving the transportation infrastructure or mitigating the environmental impact of tourism-related transportation.

It’s important to research and familiarize yourself with the specific tourist taxes that may be applicable to your chosen destination. Understanding the types of tourist taxes in place can help you accurately budget for your trip and ensure compliance with local regulations.

Implementation of Tourist Tax

The implementation of a tourist tax can vary depending on the destination and the specific regulations set by the local government. Here are some key aspects to consider regarding the implementation of tourist taxes:

Legislation and regulation: The implementation of a tourist tax often requires specific legislation or regulations to be in place. These regulations outline the details of the tax, including the rates, collection methods, and allocation of the revenue. The legislation may also specify exemptions or reduced rates for certain categories of travelers, such as children, seniors, or residents.
Collection methods: Tourist taxes can be collected by different entities depending on the destination. In many cases, accommodation providers, such as hotels and resorts, collect the tax directly from the guests and then transfer the revenue to the local government. Other destinations may have designated collection points or digital platforms where tourists can pay the tax upon arrival or departure.
Enforcement: Ensuring compliance with the tourist tax regulations often requires enforcement measures. Local authorities may conduct audits, inspections, or random checks to verify that the tax is being collected and remitted correctly. Penalties and fines can be imposed on businesses or individuals who fail to comply with the regulations.
Transparent communication: To minimize confusion and ensure transparency, it is essential for destinations to effectively communicate the tourist tax to visitors. This can be done through various channels, such as official tourism websites, travel agencies, signage at accommodation establishments, or informational brochures. Clear communication helps tourists understand the purpose of the tax and its impact on their overall trip cost.
Monitoring and evaluation: It is crucial for destinations to regularly monitor and evaluate the effectiveness of the tourist tax implementation. This involves analyzing the revenue generated, assessing the impact on tourism development and infrastructure projects, and soliciting feedback from tourists and local stakeholders. The insights gained from monitoring and evaluation can help refine the tax system and ensure its continued success.

It’s important for travelers to familiarize themselves with the specific implementation methods and requirements of tourist taxes in the destinations they plan to visit. By understanding the regulations and compliance procedures, tourists can ensure a smooth and hassle-free experience during their trip.

Pros and Cons of Tourist Tax

Like any form of taxation, tourist taxes have both advantages and disadvantages. Understanding the pros and cons can provide insights into the impact of these taxes on destinations and visitors. Here are some key points to consider:

Additional revenue: Tourist taxes provide a valuable source of additional revenue for destinations. This revenue can be used to invest in infrastructure development, environmental preservation, and cultural promotion, ultimately enhancing the overall tourist experience.
Support for local economy: The revenue generated from tourist taxes can directly benefit the local community by creating jobs, supporting local businesses, and boosting the economy. This can lead to improved living standards and increased prosperity for residents.
Sustainable tourism development: Tourist taxes can contribute to the sustainability of the tourism industry by funding projects that aim to preserve natural resources, protect cultural heritage, and promote responsible tourism practices. This ensures that tourism growth is balanced and sustainable in the long run.
Improved infrastructure: The funds from tourist taxes can be allocated towards improving local infrastructure, including transportation systems, public amenities, and tourism facilities. This benefits both tourists and residents by providing better services and enhancing the overall attractiveness of the destination.
Increased travel costs: The addition of tourist taxes can increase the overall cost of travel for visitors, potentially impacting their decision to visit a particular destination or the duration of their stay. This could deter budget-conscious travelers or lead to a decrease in tourist arrivals.
Unfair burden on tourists: Some argue that tourist taxes place an unfair burden on tourists as they are often required to contribute to the funding of local initiatives that may not directly benefit them. This can lead to feelings of resentment or dissatisfaction among tourists.
Potential for tax misuse: There is a risk that the revenue generated from tourist taxes may not be used as intended or may be mismanaged. Without proper oversight and accountability, there is a potential for misuse of funds, which can undermine the effectiveness and legitimacy of the tax.
Competitiveness with other destinations: The implementation of tourist taxes in one destination may make it less competitive compared to other destinations that do not have such taxes. This can lead to tourists choosing alternative destinations with lower costs, potentially impacting the tourism industry’s growth and revenue.

It’s important for destinations to carefully evaluate the pros and cons of implementing tourist taxes and strike a balance between generating revenue and maintaining a positive experience for tourists. By doing so, they can harness the benefits of tourist taxes while mitigating any potential drawbacks.

Examples of Tourist Taxes

Tourist taxes can vary widely in terms of their structure and implementation. Here are a few examples of tourist taxes from different destinations around the world:

City Tax in Amsterdam, Netherlands: Amsterdam imposes a city tax, known as “Amsterdam Bed and Breakfast Tax,” on all visitors staying in accommodation within the city. The tax is calculated as a percentage of the accommodation cost, ranging from 3% to 7%, depending on the type of lodging. The revenue generated from this tax is used to fund tourism promotion and infrastructure projects in the city.
Environmental Tax in the Galapagos Islands, Ecuador: To support environmental conservation efforts, the Galapagos Islands have implemented an environmental tax on all visitors. The tax, known as the “Galapagos National Park Entrance Fee,” is payable upon arrival and varies depending on the length of stay. The revenue from this tax is utilized for the protection and preservation of the unique biodiversity and fragile ecosystems of the Galapagos Islands.
Accommodation Tax in Dubai, United Arab Emirates: Dubai levies a tourism dirham, an accommodation tax, on all guests staying in hotels, resorts, or other lodging establishments in the city. The tax is charged per room per night and ranges from AED 7 to AED 20, depending on the hotel’s rating. The revenue from this tax is used to support various tourism-related initiatives and events in Dubai.
National Tourism Levy in South Africa: South Africa imposes a national tourism levy on international tourists upon their departure from the country. The levy is calculated as a percentage of the total fare paid for the international flight. The revenue generated from this levy is utilized for tourism marketing, infrastructure development, and conservation efforts throughout the country.
Transportation Tax in Japan: Japan imposes a departure tax on all travelers leaving the country by air or sea. The tax, known as “Sayonara Tax,” is a fixed amount and is collected at the point of departure. The revenue from this tax is used to support tourism-related initiatives and enhance visitor experiences in Japan.

These examples highlight the diversity and uniqueness of tourist taxes implemented in different destinations. It’s important for travelers to be aware of the specific tax regulations in the destinations they plan to visit and budget accordingly to account for these additional expenses.

Impact of Tourist Taxes on Tourism Industry

Tourist taxes can have a significant impact on the tourism industry, affecting both destinations and tourists. Here are some key points to consider regarding the impact of tourist taxes:

Revenue generation: One of the primary benefits of tourist taxes is the additional revenue generated for destinations. This revenue can be used to invest in tourism infrastructure, marketing, and development, ultimately attracting more visitors and enhancing the overall tourism experience.
Sustainability and conservation: Tourist taxes can contribute to sustainable tourism development by funding initiatives aimed at environmental preservation and cultural conservation. The revenue can be used for conservation efforts, maintaining natural attractions, and promoting responsible tourism practices.
Tourist behavior and perception: The implementation of tourist taxes can influence tourist behavior and perception. Higher taxes may affect the affordability and attractiveness of a destination, potentially impacting the decision-making process of travelers and their willingness to visit or extend their stay.
Competitiveness: Tourist taxes can affect a destination’s competitiveness in the global tourism market. Higher taxes may make a destination less attractive compared to destinations with lower tax burdens, leading to a potential decrease in tourist demand and revenue.
Quality of tourism infrastructure and services: The revenue generated from tourist taxes can be utilized to improve the quality of tourism infrastructure and services. This can lead to enhanced visitor experiences, increased satisfaction, and positive word-of-mouth promotion, attracting more tourists to the destination.
Destination diversification: The implementation of tourist taxes can incentivize destinations to diversify their tourism offerings and attract high-value tourists. The revenue generated can be invested in niche tourism segments, cultural events, or adventure tourism activities, creating unique experiences and differentiating the destination from competitors.

It’s important for destinations to carefully consider the potential impact of tourist taxes on their tourism industry. Striking a balance between generating revenue, maintaining competitiveness, and ensuring a positive tourist experience is crucial to achieving sustainable tourism growth and development.

Tourist Tax and Local Economy

The implementation of a tourist tax can have a significant impact on the local economy of a destination. Here are some key points to consider regarding the relationship between tourist tax and the local economy:

Increased revenue: Tourist taxes provide an additional source of revenue for the local economy. This revenue can be used to invest in local infrastructure development, public services, and community initiatives, ultimately bolstering economic growth and development.
Job creation: The revenue generated from tourist taxes can result in job creation and employment opportunities for the local community. As the tourism industry grows and thrives, businesses and service providers may expand and hire more employees, positively impacting the local economy.
Support for local businesses: Tourist taxes help support local businesses, as the funds can be reinvested into the local economy. Small businesses, such as restaurants, shops, and tour operators, can benefit from increased tourist spending and patronage, leading to economic diversification and sustainability.
Boost in tourism-related sectors: The revenue generated from tourist taxes can provide a boost to sectors directly or indirectly linked to tourism. This includes hospitality, transportation, entertainment, and other tourism-related industries, contributing to their growth and economic stability.
Infrastructure development: Tourist taxes can be utilized to improve local infrastructure, including roads, public transportation, utilities, and recreational facilities. This not only benefits tourists but also enhances the quality of life for local residents and supports economic development in the long term.
Community development: The revenue from tourist taxes can be allocated towards community development initiatives, such as education, healthcare, and cultural preservation. These investments contribute to an improved quality of life for residents, fostering a sense of pride and engagement in the local community.

It’s important for destinations to effectively manage the revenue generated from tourist taxes and ensure that it is reinvested strategically and transparently into the local economy. This can help create a positive cycle of economic growth, job creation, and sustainable development, benefiting both residents and visitors alike.

Tourist taxes play a significant role in generating revenue for destinations and supporting various initiatives aimed at enhancing tourism experiences and benefiting local communities. By imposing a tax specifically on tourists, destinations can fund infrastructure development, preserve the environment, promote cultural heritage, and enhance the overall tourist safety and security.

While tourist taxes have their advantages, such as providing additional revenue, supporting the local economy, and fostering sustainable tourism development, they also come with some drawbacks. The increased travel costs for tourists and the potential burden of taxes on visitors can impact tourism demand and competitiveness.

It is crucial for destinations to carefully consider the implementation and impact of tourist taxes. Transparency, clear communication, and proper allocation of tax revenue are key to ensuring a fair and positive experience for both tourists and the local community. Striking a balance between generating revenue, maintaining competitiveness, and enhancing the tourist experience is necessary for sustainable tourism development.

As travelers, it’s important to be aware of the specific tourist taxes in the destinations we plan to visit. By understanding the purpose and implementation of these taxes, we can budget accordingly and contribute to the development and preservation of the places we explore.

In conclusion, tourist taxes serve as a mechanism to finance the growth and improvement of destinations, while also preserving their natural and cultural assets. When implemented effectively and transparently, tourist taxes can contribute to the positive development of the tourism industry and ensure a sustainable and enjoyable experience for all.

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This popular European city is the latest to increase its tourist tax to battle overtourism

Barcelona is the latest European city to increase its city-wide tourist tax, a slight increase of €0.50 (about $0.53) per night, as the city seeks to curb overtourism.

The new price of €3.25 (about $3.45) was implemented on April 1 as part of the Stays in Tourist Establishments Tax . The bylaw was introduced in 2021, when the tourist tax was €0.75 (around $0.80) per night, and gradually increased the tax each year through 2024. Now, if someone is staying in Barcelona for seven nights, the new total tax amount will be €22.75 (around $24).

“It was the objective sought: to contain the number of tourists and increase tourist income because our model is no longer mass tourism but quality tourism, which adds value to the city,” deputy mayor Jaume Collboni said in March, according to Euronews .

The tax is added to a tourist’s accommodations bill when they stay at official tourist establishments in the city. The money goes toward enhancing the city’s infrastructure, such as improving roads.

Other popular European destinations, such as Amsterdam and Venice, also recently increased tourist taxes for similar reasons.

Learn more: Best travel insurance

Are tourist taxes the future of travel? What to know about the increasing tourist fees worldwide.

“The new and increasing tourist fees across Europe allow cities to fund measures to attract more vacationers, support the local infrastructure and businesses, as well as preventing damages from overtourism,” Tiffany Mealiff, a travel insurance expert at Quotezone , said in a statement to USA TODAY.

However, Barcelona visitors have had to pay a regional tourist tax since 2012, according to Euronews . This tax amount depends on a traveler’s accommodation type, costing more if someone is staying at a luxury hotel than an Airbnb.

Barcelona continues to reign as Spain’s most popular tourist destination. In 2022, Barcelona welcomed 9.7 million tourists , just slightly below pre-pandemic levels in 2019, according to the Barcelona City Council. However, tourists were found to be staying in the city longer than in 2019.

In 2022, the city also sought to cap the number of people in a tour group and ban megaphones by tour guides in an effort to curb the disruptive effects of overtourism.

Travelers planning their European getaway should be mindful of the additional costs that “are often not obvious beforehand,” according to Mealiff, as they plan their trip budgets.

Kathleen Wong is a travel reporter for USA TODAY based in Hawaii. You can reach her at [email protected] .

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Latest PGA Tour tax filings reveal true cost of golf’s civil war

Jay Monahan's salary was among the revelations from Wednesday's tax filings by the PGA Tour.

Getty Images

What has golf’s civil war cost the PGA Tour?

Uh, could you be more specific?

On Wednesday afternoon, Sportico published a report detailing its findings from the latest round of PGA Tour tax filings (for the fiscal year 2022) — and they were a doozy. For the first time since the start of the war between the PGA Tour and LIV Golf, the report offered a glimpse into the financial toll the war has taken on the world’s largest professional tour.

The biggest piece of that toll appears to have been legal fees — an area that has proven to be more than just a bugaboo for the Tour. After LIV’s entrance into the marketplace compelled the Tour to administer fines and suspensions, several of LIV’s players, the rival league itself and the Justice Department each filed legal queries against the Tour. Some of those squabbles spilled into the courtroom, leading to the now-infamous case titled Mickelson et. al vs. The PGA Tour.

The Tour was successful in those battles, and eventually squashed its legal woes by signing a framework agreement with the Saudi Public Investment Fund that dropped all suits “with prejudice,” meaning they cannot be relitigated. But the cost of legal fees in 2022 alone was considerable: $20.5 million, or more than 10 times what the Tour spent on legal fees in 2021. According to Sportico’s report, the Tour’s legal fees in ’22 were more than the previous 14 years of legal fees for the Tour combined.

The data represents a striking look into the financial havoc wreaked by LIV’s arrival — a development that not only pushed the Tour’s playing model to the brink but also threatened to drive up costs considerably away from the course. Under the U.S. tax code, the Tour is legally required to submit tax filings each year outlining its business to show it is adhering to its 501-3(c) tax-exempt status. Those filings, which aren’t released to the public until a year after they’re submitted, often include a word salad of data points and legal jargon, but also a few key pieces of data about the Tour’s finances, overall fiscal health and even its executive compensation.

Given the public nature of the filings, the Tour has been relatively forthcoming with data about the state of its business over the years. Tour commissioner Jay Monahan has spoken at length about the complexities of the Tour business in his dealings with the press, providing detailed explanations about some of the Tour’s more controversial forms of financial gymnastics, like the tens of millions placed in “ strategic reserves. ” On the business side, Tour leadership has had no qualms sharing top-line details of complex agreements like TV rights deals that help to fund the Tour business.

In the era of LIV, though, money in golf has become heavily politicized business. Players have left the Tour for purported eight- and nine-figure sums while simultaneously accusing the Tour of swindling them of hard-earned cash. The Tour has responded in kind with the creation of the “signature events” series and by engaging in talks with private equity partners, including the PIF, which could infuse the Tour with billions in new cash. But it remains to be seen how those changes would affect the Tour’s bottom line.

jay monahan speaks in gray suit from stage at NYT Dealbook summit.

PGA Tour players hire lawyers, ‘demand’ answers on PIF negotiations

One thing we do know is how the developments of the last few years have affected Monahan’s pockets. According to the filings, the commissioner pulled in some $18.6 million in 2022, up some $5 million from the year prior. Surely the conversation surrounding Monahan’s compensation will be an unpopular one among the contingent of LIV defectors, particularly in the face of yet another high-paid executive raking in cash while his company flounders. But it’s hardly unusual to see Monahan’s salary as high as it is — particularly not in the modern era of sports executive compensation. In fact, to his $65 million-per-year NFL counterpart Roger Goodell, Monahan’s salary looks like a pittance.

On the whole, the Tour’s latest filing shows a snapshot of a business at war. Revenues are up, in large part driven by the media-rights deals that will net the Tour some $715 million annually from U.S. partners alone through the end of the decade. But so are other costs, which present an existential issue for a league on a (relatively) fixed income.

We won’t learn until next year how this year affected the Tour’s bottom line, and if things were actually as bad as Tour officials have portrayed them to be. But this latest wave of data is revealing, particularly as the Tour heads into the final stages of negotiations with the PIF before a proposed Dec. 31 deadline.

These are pricey times in golf. Wartime usually is.

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A complete guide to the Tourist Tax in Spain: What it is, who must pay it and what are the consequences of non-compliance.

Post author By Valery Saavedra
Post date 08/08/2023
No Comments on A complete guide to the Tourist Tax in Spain: What it is, who must pay it and what are the consequences of non-compliance.

What is the Tourist Tax in Spain?

The Tourist Tax in Spain is a tax applied in certain tourist destinations, with the main purpose of financing conservation and sustainability projects . It is characterised by the fact that it is an economic contribution that visitors make during their stay, aimed at maintaining and protecting the natural and cultural environment of the place.

The money collected through the Tourist Tax is directly invested in actions that promote environmental conservation and sustainability. This can range from the protection of natural areas, to projects to improve energy efficiency or promote the use of renewable energies.

Tourist Tax plays a crucial role in promoting responsible tourism . By paying it, travellers contribute to the care and preservation of the natural and cultural resources of the destination they visit. It raises awareness of the environmental impact of tourism and encourages visitors to adopt more environmentally friendly behaviour.

Where is the Tourist Tax paid in Spain?

The tourist tax, also known as ecotax , is applied in several regions of Spain. However, two prominent tourist destinations where this tax is levied are Catalonia and the Balearic Islands .

In Catalonia , the implementation of the tourist tax became effective from 2012. Visitors must pay a fee that varies depending on the category of accommodation and location. It ranges from 0.60 euros to 3.50 euros per night and person.

On the other hand, in the Balearic Islands , the Tourist Tax was introduced in 2016. Here, the amount to be paid depends on the season (high or low) and the type of accommodation, ranging from 0.25 euros to 2 euros per night and person in high season.

As for how this tax is paid, in both regions it is generally collected at the end of the stay, being the responsibility of the establishment to collect it and its subsequent declaration to the tax authorities.

It is important to bear in mind that each Spanish autonomous community has its own rules and rates with regard to the Tourist Tax, so it is always advisable to find out more before travelling.

Thus, although both Autonomous Communities (Catalonia and Balearic Islands) charge a tourist tax, there are significant differences in terms of how much and how it is paid . At Chekin, we are well-aware that calculating tourist taxes is a complex and tedious process. There are many parameters involved that vary between regions and countries. But don’t worry, our software calculates them automatically for you .

What VAT is levied on the tourist tax?

The Tourist Tax , also known as ecotax, is subject to a value added tax (VAT) in Spain. This tax has a tax rate of 10% . This means that 10% of the total amount of the tourist tax goes to VAT .

It is important to note that this VAT is not added to the amount of the Tourist Tax, but is included in the final amount paid by the tourist. For example, if the Tourist Tax is 2 euros per night in an accommodation, the VAT would be 0.20 euros.

This percentage of VAT on the Tourist Tax is fixed and does not vary according to factors such as the type of accommodation or the season. In fact, it is applied uniformly to all transactions related to the tourist tax.

Payment of VAT is compulsory and non-compliance may lead to penalties. As with the Tourist Tax itself, it is the responsibility of the accommodation owner to collect this VAT and remit it to the tax administration.

Which cities have a tourist tax?

In Spain , several cities and regions have implemented the tourist tax to finance sustainability and conservation projects. In Catalonia, the cities of Barcelona, Girona, Tarragona and Lleida apply this tax to visitors. Each city has its own charging system and rates vary depending on the type of accommodation and the season. You can find our legal guide for Catalonia to make sure your property meets all requirements such as Tourist Taxes.

The Balearic Islands have also adopted the ecotax . In this case, Palma de Mallorca, Ibiza and Menorca are destinations where this tax is charged to tourists. As in Catalonia, the rates may depend on the type of accommodation and the season.

It is important to note that the money collected through the tourist tax is used to finance projects that seek to preserve the environment and promote more sustainable tourism in these regions. In the following section, we will focus on who is obliged to pay this tax.

How can I automate the Tourist Tax collection process?

To facilitate the collection of the ecotax, there are tools that allow you to automate this process . One of these is Chekin , a digital platform that allows you to manage guest registration and payments, including the collection of ecotax. This tool is especially useful if you manage multiple properties or if you don’t live close to your holiday properties to be able to do it remotely.

With Chekin , you can:

Automate the Tourist Tax calculation based on guest data and local regulations.
Ask your guests to pay the tourist tax during online check-in.
Manage your collections and collect the tourist tax in an automated way thanks to Chekin .

Adopting this technological solution can save you time and avoid errors in the calculation and collection of the ecotax . Remember, it is not only about complying with your tax obligations, but also about contributing to sustainable tourism.

Who has to pay the Tourist Tax in Spain?

The payment of the Tourist Tax in Spain is an obligation for all tourists over 16 years of age who stay in tourist establishments, from hotels to tourist flats, campsites and cruises. Even those who stay overnight in their private boat in the waters of the Balearic Islands are subject to this tax.

There are specific categories of individuals and entities that are obliged to pay. Owners of tourist establishments are responsible for collecting the Tourist Tax from their guests and transferring it to the government.

However, there are some exceptions as to who is exempt from paying the Tourist Tax. For example, persons with a recognised disability of 33% or more and their companions, children under the age of 16, people travelling for work purposes, or those in urgent or emergency situations are exempt from payment.

There are also specific situations where the Tourist Tax is not required. If an individual stays for a long period (more than 20 consecutive days) in the same establishment, the days from the 20th day onwards are exempt from payment.

Thus, it is important to be aware of the rules and regulations regarding the payment of the ecotax to avoid any inconvenience during your stay. Tourist Taxes by Chekin calculates the tourist rates for any place in the world, automatically meeting the official requirements of your country or region.

How much is the Tourist Tax? Amount at each site and exceptions

The ecotax, also known as tourist tax , varies depending on the location and type of accommodation. In Catalonia, for example, the amount can range from €0.60 to €3.50 per person per night, while in the Balearic Islands the amount can be as much as €2 per night.

There are certain exceptions to this general rule:

Children under the age of 16 are exempt from this fee.
In the Balearic Islands, during the low season (November to April), a 50% discount applies.
Long term accommodation: if the stay exceeds 12 days, a 50% discount will be applied from the 13th day onwards.

These amounts serve as a reference to understand how much the Tourist Tax could be. However, it is crucial to consult updated local rates to get an accurate figure and to be aware of any changes in exceptions or discounts.

What happens if I do not pay the Tourist Tax?

Failure to pay the Tourist Tax can lead to severe legal consequences . It is important to understand that this tax is not optional, but a legal duty for certain tourists and accommodation establishments.

Penalties or fines vary depending on the location and the seriousness of the infraction. For example, in the Balearic Islands, the fine can be up to 400,000 euros for tour operators who do not charge the Tourist Tax. In Catalonia, fines can be equally high for those who evade this tax. Moreover, repeated non-compliance can lead to additional restrictions and possible legal action. One notable case is that of a hotel in Mallorca that was forced to close for five days for non-payment of the Tourist Tax.

It is crucial to understand the importance of compliance with the Tourist tax , also known as ecotax, not only to avoid legal sanctions, but also to contribute to the sustainable development of tourist regions.

When is Tourist Tax levied?

The specific time at which the Tourist Tax is charged may vary depending on the location. Generally, this fee is charged at check-in or upon arrival at the accommodation. However, in some cases, it may be included in the total price when booking.

In relation to tax administration, the collection and management of the Tourist Tax is carried out by the relevant local authorities. These funds are then transferred to the treasury and earmarked for conservation and sustainable projects.

The funds raised through the ecotax play a crucial role in financing sustainable and conservation projects. These projects can address a variety of issues important to the local community, such as the conservation of protected natural areas, improvements to tourism infrastructure or environmental education programmes.

How much is the tourist tax in Catalonia?

The tourist tax in Catalonia varies depending on the type of accommodation and the season. For a 5-star hotel, the rate is 3.50 euros per night during the high season. In the case of tourist flats, you pay 2.25 euros per night all year round.

It is important to note that this amount collected is used to finance projects linked to sustainable tourism in Catalonia . These can range from the preservation and improvement of natural and cultural spaces to initiatives to promote responsible tourism.

This tourism tax model seeks to balance the impact of tourism with the benefits it brings to the region. It ensures that each visitor contributes directly to maintaining and enhancing the unique and attractive features of Catalonia that have led to its choice as a destination.

How much tourist tax do you pay in the Balearics?

If you plan to visit the beautiful Balearic Islands, it is important to be aware of the tourist tax you will have to pay. The specific amount varies according to the season and type of accommodation. In high season (May to October), five-star hotels and four-star superior accommodation charge a daily rate of €4.00 per person, while holiday homes charge €2.00. During the low season, these rates are halved.

It is worth mentioning that these funds raised are used to promote sustainable tourism and protect the unique natural and cultural heritage of the Balearics. Thus, by paying this fee, you are directly contributing to the conservation of these paradisiacal Spanish destinations.

Who pays the Tourist Tax in Catalonia?

In Catalonia, the tourist tax is the responsibility of visitors over the age of 16. This obligation falls mainly on tourists staying in any type of tourist accommodation establishment, which includes hotels, tourist flats, rural houses, campsites and cruise ships.

It is important to note that there are some exceptions to consider. For example, people staying in tourist accommodation establishments located within the Ebro Delta Natural Park are not subject to this tax.

In addition, guests who prove that they are undergoing medical treatment during their stay are also not obliged to pay it. These details are crucial to understand who is exempt from paying the tourist tax in Catalonia.

Who pays the Tourist Tax in the Balearics?

In the Balearic Islands, the ecotax is a liability that falls mainly on tourists. In general, anyone staying in a registered accommodation establishment, such as hotels, tourist flats and similar places of accommodation, is obliged to pay this tax.

Visitors of all ages are subject to the tax, although there are certain exceptions. For example, Balearic residents staying in a tourist establishment on the islands are not obliged to pay the eco-tax. In addition, children under the age of 16 are also exempt from payment.

In summary, it is essential to understand who is obliged to pay the ecotax in the Balearics to avoid misunderstandings and to ensure compliance with this sustainability-oriented measure.

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Concert Tours and Taxes (Taylor’s Version)

On March 17, Taylor Swift kicked off the U.S. leg of her Eras Tour in State Farm Stadium in Glendale, Arizona. To celebrate, Glendale rebranded itself as Swift City.

As I saw firsthand on my flight to Denver earlier this month, Swift’s concert tour is boosting travel and tourism. My flight had at least twenty “Swifties,” all decked out in sequins or Swift-themed apparel. My sold-out Denver hotel was flooded with Swifties roaming about in similar attire. This is not a fluke - one market research firm estimates that her tour will add $5 billion to the worldwide economy .

Swift herself stands to make large financial gains from the tour. Assuming a very conservative average ticket price of $215, the 52-date tour is expected to generate at least $591 million in ticket sales . Swift is expected to receive 105% to 110% of the ticket sales, since her concerts sell out immediately and there is no risk to the promoter.

Swift’s tour is also expected to generate merchandise revenues of approximately $124 million, with venues receiving 30% and Swift and the tour promoter sharing the remaining 70%. Her website will also certainly generate significant revenue.

Swift’s U.S. tour will conservatively net her approximately $552 million, after factoring in $155.1 million tour expenses (at 25% of revenue), but before taxes. With this large tour haul comes a large individual tax bill. Her federal income tax alone will be approximately $204.3 millionplus around $10.25 million FICA and Medicare taxes. Even with conservative estimates, Swift should net $337 million after expenses and federal taxes.

Does the Jock Tax Affect More Than Just Athletes?

Swift’s estimated tax bill does not take into consideration the so called Jock Tax or Entertainers Tax , as income earned in each state will vary and the tax rates in each state/city will be different.

The term “jock tax” applies to everyone, not just athletes, who perform services in nonresident states.

Roadies, stylists, trainers, backup singers and dancers, vocal and dance coaches, choreographers, directors and producers and personal security are all required to contribute to the state coffers and are taxed when they travel with the entertainers.

Even in jurisdictions without a jock tax, Swift may be subject to a nonresident entertainer’s tax. However, Swift will play at least 13 dates in states that do not impose an income tax.

Domicile Matters When Calculating Taxes

Although Swift owns homes in Beverly Hills, New York City and Rhode Island, her domicile is in Nashville, Tennessee. Swift spends most of her time in Nashville and plans to go back there for two months before her European tour.

As it is her domicile, Tennessee is the state in which Taylor Swift likely files her taxes. Like eight other states, Tennessee does not impose an income tax, though it does impose an amusement tax on entertainment events. So, while Swift may avoid income taxes in these states, she may still be subject to other taxes.

Living in a state with no income tax lessens the overall tax burden of high-income individuals, but Taylor Swift will still have a hefty tax bill between her federal and other state taxes.

What's on Your Mind?

James A. Jacaruso, Jr.

James A. Jacaruso Jr. is a Private Client Services Group Director with more than 25 years of tax compliance and planning experience focusing on personal and fiduciary income taxation, gift taxation and wealth transfer planning.

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House Bill Targets PGA Tour Tax-Exempt Status Over LIV Merger

By Chris Cioffi

House Reps. Mike Thompson (D-Calif.) and Vern Buchanan (R-Fla.) are targeting the PGA Tour’s tax-exempt status in a new bill, as the professional golf league moves toward merging with Saudi-backed upstart LIV Golf despite criticism.

“With billions of dollars in annual revenue and record profits streaming in, coupled with their looming partnership with Saudi Arabia’s sovereign wealth fund, why in the world should hardworking American taxpayers subsidize the PGA’s tax-exempt status?” Buchanan said in a statement . “We should be supporting local charities on Main Street, not foreign-backed professional sports organizations that are not dedicated to benefitting the American people.” ...

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Understanding business travel deductions

Here are some tax details all business travelers should know

Business travel deductions are available when employees must travel away from their tax home or main place of work for business reasons. A taxpayer is traveling away from home if they are away for longer than an ordinary day's work and they need to sleep to meet the demands of their work while away.

Travel expenses must be ordinary and necessary. They can't be lavish, extravagant or for personal purposes.

Employers can deduct travel expenses paid or incurred during a temporary work assignment if the assignment length does not exceed one year.

Travel expenses for conventions are deductible if attendance benefits the business. There are special rules for conventions held outside North America .

Deductible travel expenses include:

Travel by airplane, train, bus or car between your home and your business destination.
Fares for taxis or other types of transportation between an airport or train station and a hotel, or from a hotel to a work location.
Shipping of baggage and sample or display material between regular and temporary work locations.
Using a personally owned car for business.
Lodging and meals .
Dry cleaning and laundry.
Business calls and communication.
Tips paid for services related to any of these expenses.
Other similar ordinary and necessary expenses related to the business travel.

Self-employed individuals or farmers with travel deductions

Those who are self-employed can deduct travel expenses on Schedule C (Form 1040), Profit or Loss From Business (Sole Proprietorship) .
Farmers can use Schedule F (Form 1040), Profit or Loss From Farming .

Travel deductions for the National Guard or military reserves

National Guard or military reserve servicemembers can claim a deduction for unreimbursed travel expenses paid during the performance of their duty .

Recordkeeping

Well-organized records make it easier to prepare a tax return. Keep records such as receipts, canceled checks and other documents that support a deduction.

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Toyota bZ4X

You can lease a toyota bz4x for next to nothing right now.

Toyota is now leasing its one all-electric car, the bZ4X, for just $129/mo and $2k down.

Toyota has been dipping its toe into the EV water, mostly focusing on hybrids rather than electric cars.

Its first EV, the bZ4X, hasn’t been a huge success, perhaps due to focus on hybrids. It also faced a rocky launch with an early recall, though that has all been sorted out by now.

So in a market with lots of great EVs, the bZ4X hasn’t attracted a whole lot of attention.

Last quarter, Toyota only sold 1,897 copies of the bZ4X in the US, a 9% increase over the previous year but only accounting for .4% of Toyota’s total US sales, and much less than the number of EV sales from much smaller companies.

As a result, Toyota has resorted to deep discounts on its electric crossover, making it one of the cheapest cars you can lease right now.

The steepest deal is on last year’s 2023 bZ4X base “XLE” trim, which is available for just $129/mo with $1,999 due at signing, at least here in Southern California. We also saw a deal for $119/mo and $4k down in New York. This is by far the lowest monthly price we’ve seen for the bZ4X yet, and one of the lowest we’ve seen for any EV – not just now, but ever.

The lease deal in question has a limit of 12,000 miles per year, close to the average mileage for a US driver, and a little more than the ~10,000 mile limits that are common on a lot of leases. This specific offer expires April 30th, though something similar could be extended after the month ends.

The 2024 model is just $169/mo (and $2k down), still a low price though not as eye-wateringly low as the 2023 model. Toyota made relatively minor changes for the 2024 model, including a mobile L1/L2 charging cord and standard power liftgate and 8-way power driver’s seat, along with some software changes.

Both of these are extremely low lease prices for a car with suggested retail price of $44,845 (2024 model). For example, a RAV4 LE is $369/mo with $3k down , much more than the bZ4X lease price despite that car being ~$15k cheaper than the bZ4X.

Part of the reason for these lease offers is due to the Inflation Reduction Act’s EV tax credit, which is also available (and in fact, even easier to get ) on a lease. In this case, the automaker files for the credit and offers lower lease payments to the customer.

But that doesn’t cover all of the discount – the lease deal accounts for a whopping $16,250 in cash from Toyota ($17,750 on the 2023 model).

If you find this deal appealing, you can use our affiliate link to contact local dealers and see if they have this lease deal near you.

Electrek’s Take

This is certainly getting down into the “insane deal” category, even with my general distaste for how Toyota has managed the EV transition.

It reminds me somewhat of the deals on the original Fiat 500e back in 2015 or so. At the time, Fiat’s CEO, Sergio Marchionne was one of the loudest voices against electrification . He famously admitted admitted that the 500e was a compliance car (by claiming that Fiat loses money on every sale – thus suggesting that Fiat only sold them because California said so), but Fiat also leased the 500e for just $69/mo at the time.

A lot of Californians, even those who already had nice cars, decided that having a cheap runaround with extremely low fueling costs would be worthwhile, and snatched one up. Given that $69/mo is less than half of what the average Californian driver would spend on gas per month, these cars were basically free.

Top comment by Grant

Whether you pick the bz4x or one of the other cheap lease offers out there is immaterial to me. The point is that these deals are out there and make a ton of sense to someone who needs transportation they can afford. I would snatch one of these up for me or a teenager for a short-term solution.

Now we have a similar situation with Toyota, a company that is quite openly anti-EV , but which is offering one of the cheapest EV deals we’ve seen.

I can’t say I love the bZ4X – it’s pretty middling in terms of specs, and while I’ve only driven it for a short time, it didn’t really do much to thrill me right out of the gates. I liked its cousin the Lexus RZ better, but still, neither would go anywhere near my list of top EVs.

But if your goal is to get a car with Toyota quality, aren’t particularly planning on road-tripping (one thing the bZ4X does poorly at is quick-charging performance, especially on roadtrips), and are a fan of getting good deals, well, the bZ4X might be for you right now.

If you’d like, you can use our affiliate link to contact your local dealers about the 2023 or 2024 Toyota bZ4X , and see what kind of lease deals are available in your area. Deal is subject to availability and participation, so contact your local dealer if you’re interested in a cheap bZ4X.

FTC: We use income earning auto affiliate links. More.

Jameson has been driving electric vehicles since 2009, and has been writing about them and about clean energy for electrek.co since 2016.

You can contact him at [email protected]

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Hitting The Road: Financial Management For Musicians On Tour

Posted by Thomas Walsh, CFP®

For fans, news of an upcoming tour featuring a favorite artist prompts celebration. For musicians, a tour can and should be just as exciting – but it is also much more complicated.

While touring offers many benefits, going on the road also requires a higher level of organization than does performing locally. Sound financial management before, during and after your tour will ensure you know where your money is coming from and where it is going. Whether you, the musician, take care of your own recordkeeping or work with someone else, such as a road manager, you should still take time to understand the basics of how your tour’s finances work.

Before the Tour

The most basic building block of financial management, in any field, is budgeting. For a tour, one of the most important factors in developing a budget is to make sure you take into account the many expenses of touring, including those that are not obvious.

One of the best ways to accurately imagine your expenses is to walk yourself through how much you expect to spend per person, per day. For example, if you fly instead of drive, you will probably need to check baggage. Depending on your airline, fees can add up quickly, especially if you are transporting large instruments or audio equipment. It may make sense to see if you can rent gear more cheaply on the road or if you can ship certain items in advance.

Mapping out your tour also allows you to direct the most cost-effective route, if you have control of where you go. First, look at any gig dates that are inflexible, such as a major music festival. Then decide which cities you can hit en route to your main obligation. Consider playing smaller cities if the savings in accessibility and travel costs support the lower expected revenue.

Assuming the tour is your decision, it is wise to sit down and project the income you expect to earn as accurately as possible and compare it to your projected expenses before you book a single venue. Consider multiple revenue streams, such as ticket sales, merchandising and special appearances. This is not to say that you have to be sure you will end up in the black before you decide to tour. Even if you are barely breaking even or anticipate a minor loss, the tour may be worthwhile as a marketing tool to invest in your future growth.

If you are going to tour abroad, do not forget to factor in visa fees, as well as passport fees if you don’t already have an up-to-date passport. Be aware that getting a visa for countries that require it can take a long time, and you could be stuck paying fees to expedite the process if you don’t begin early enough. A country’s embassy website should provide information about the time, cost and paperwork involved in securing the appropriate visa.

Before you hit the road, it is also essential that you understand what insurance you have and what insurance you need. If you own your own equipment, it will usually be covered by your homeowners or renters insurance. For those who list themselves as professional musicians on their tax returns, or if you have a particularly valuable item where having a claim denied would be a disaster, you have an additional option: personal floater coverage. While a little more expensive, the coverage is more comprehensive, and reputable insurers will rarely deny valid claims under such policies.

Your most valuable asset, as a performer, is your own talent and skill. Disability insurance is designed to replace your current income if you become unable to work; for performing artists, it is a particularly wise choice. My colleague ReKeithen Miller wrote an article providing an overview. Given the amount of travel involved in touring, it is also important to have solid health insurance with decent coverage beyond your geographical area. Depending on your situation, you may also want to consider general liability insurance, event insurance or life insurance.

Many touring musicians are self-employed. Depending on the sort of tour you have planned, you may want to consider structuring your music as a business, both to limit liability and reap tax benefits. If you are only playing small venues, this may not be necessary, but as venue and audience sizes grow, you become susceptible to greater risks. If an audience member is seriously injured at your show, for example, you may face a lawsuit. For many musicians, it may make most sense to structure the business as two independent entities – one for touring and one for everything else – in order to protect non-tour assets and income.

There are several ways to set up your tour as a business. You could set it up as a sole proprietorship or a partnership, both of which are relatively simple and inexpensive to structure, but offer less protection from liability. You could set it up as a corporation, which covers a lot of personal liability, but it can be expensive and involves a lot of additional administrative work.

For most musicians, a good compromise is a limited liability company, or LLC. An LLC relieves the business owner of most personal liability, but the profits pass through to be taxed as the owner’s personal income, as they would in a sole proprietorship. If you add general liability insurance, the business’ assets are also protected from personal injury or property claims. While an LLC is simpler to set up than a corporation, it may make sense to consult a professional in order to make sure your LLC is legally sound and functions the way you want it to, since peace of mind is one of the main reasons to structure your business this way in the first place.

During the Tour

When you’re on the road, you will most certainly have a lot on your mind, from artistic concerns to wondering how much sleep you will be able to get on a tour bus. It can be easy to let recordkeeping slide, but resist the temptation. Your music is a business – and that means, in most cases, you are allowed to deduct business expenses on your taxes. In order to deduct expenses, you need to keep track of them.

In addition to making after-tour tax work easier, recordkeeping will help you stick to the budget you created before the tour began. Keep a notebook or record everything on a reliable computer or mobile app, and make backups. Save all your physical receipts in a box or file. You should also log any miles you drive on the tour. A spreadsheet is a simple but effective way to keep track.

Although many musicians, especially in small or medium-sized acts, handle this sort of recordkeeping themselves, it can be a lot to manage while you are also trying to perform and deal with the inevitable complications of travel. That’s why it’s common to hire a road manager or, for larger acts, a tour manager.

A road manager is one of many people who you may hire to help make your tour run smoothly. Some people may be local and come with a venue, such as sound board operators or promoters. Generally, they work for the venue, not for you. But people who travel with you, including road managers, roadies and production staff are different. You should be sure you understand who is responsible for paying them – is it your management? Is it you? Is it the label, if you have one? If you are directly responsible for any of the help you hire, make sure you understand what type of worker they are and that you know your legal responsibilities. (See my colleague Melinda Kibler’s article on the differences between employees and independent contractors for more.)

Some acts have a dedicated person who handles merchandise sales on tour. For a small act, this might be the manager or something band members handle themselves after a show. You may owe the venue a small cut, but otherwise sales flow straight back to the band. If your act is a bit larger, a dedicated employee may handle setting up and selling the tour merchandise, but the principle is largely the same; you paid for the merch, so the profit flows straight back to you. For large tours and artists, record labels and merchandising companies will be interested in taking the merch duties off your plate. They handle designing, producing and selling the items, and then pay you a percentage of the proceeds.

For many venues, regardless of whether you or a merchandising company handles your sales, you will need to pay a hall fee in order to sell your items there. Such fees are usually a percentage of the sales on site. If a merch company handles your sales, they will pay the hall fees, but the percentage the venue gets is still negotiated by your booking agent or manager when they arrange the show.

If you are selling merch yourself, you will need a seller’s permit, allowing you to collect sales tax on your transactions. However, if you are only selling in large, professional venues, those venues will usually have a permit that allows visiting artists to sell their merchandise legally. Be sure to check the status of such permits before you start selling merch, not after.

After the Tour

Once your tour is over, it will be time to retrieve those records you spent time keeping on the road. While most expenses likely qualify as a deduction, some could be limited or require special reporting. It may be wise to work with a tax accountant, who can help you navigate deductibility for your expenses.

Musicians who are employees will receive W-2 tax forms from their employers reporting income. Employee-musicians can only deduct business expenses to the extent they exceed 2 percent of their annual gross income (less certain adjustments). However, keeping track of your expenses will allow you or your tax preparer to determine whether this is the case. If, like most musicians on tour, you are self-employed, the rules are a little different. You can deduct all your business expenses from the first dollar. (Note, however, that qualified meals and entertainment expenses are only 50 percent deductible.) For more information on some of the other tax considerations you may need to keep in mind, see the sidebar “ Tax Considerations After A Music Tour .”

As you can see, financial management for a tour involves a lot of moving parts. This article simply scratches the surface of what you need to consider. In short, understand that you are effectively a small business owner if you are a self-employed musician. Take pride in your business and make an effort to understand how it works. With some careful planning and attention, you can feel just as happy about a tour when it is over as you did when it was about to start.

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Tiger Woods to land $100M, PGA Tour equity payments for loyalty, revealed

The new PGA Tour Enterprises equity payments for 193 players who remained loyal has been unveiled.

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Share All sharing options for: Tiger Woods to land $100M, PGA Tour equity payments for loyalty, revealed

PGA Tour Enterprises , the newly formed for-profit entity, is prepared to dole out massive sums of money to reward player loyalty amid the LIV Golf discord.

The PGA Tour struck a deal with Strategic Sports Group worth up to $3 billion three months ago. As part of the fundraising efforts, the Tour will disseminate hundreds of millions of dollars to its membership, per The Telegraph.

Tiger Woods, the 15-time major champion, will receive the largest sum upwards of $100 million. Rory McIlroy will net a cool $50 million. Other top players like Jordan Spieth and Justin Thomas will earn $30 million.

The entire payout structure to all players has yet to be made public.

Nearly two thirds of the money infused into the company will be handed out via equity shares. However, a safeguard was put in place to avoid players taking the money and then jumping ship for LIV Golf.

Fifty percent of the money will be vested after four years on Tour. Another 25 percent will be added two years after that and all 100 percent will be vested after eight years.

There are a number of factors that determined a players’ worth.

Chief among them are the ‘career points’ and how players have fared through the Player Impact Program (PIP).

The former is a model that looks at career achievements through the lens of longevity. The latter, which was established a couple of years ago to combat the money thrown by LIV at players, takes into account how an individual has helped promote and grow the sport through ticket sales, sponsorships, media consumption and fan engagement.

Understandably, Woods would top the list. He continues to move the needle . One just needs to look at The Masters less than two weeks ago.

Television ratings were initially up as Woods performed well and made the cut for the 24th consecutive appearance, setting a new PGA Tour record . However, after he faltered to historic lows Saturday, ratings plummeted during the weekend.

The Tiger Woods effect is a problem that the PGA Tour and professional golf is still yet to solve.

However, if a deal is ever reached between LIV and the PGA Tour, bringing the best players together might at least stem the tide.

Kendall Capps is the Senior Editor of SB Nation’s Playing Through. For more golf coverage, follow us @_PlayingThrough on all major social media platforms.

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Senate Bills Target PGA Tour Tax Exemption, Sovereign Wealth Funds

By Michael McCann

Michael McCann

Legal Analyst and Senior Sports Legal Reporter

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Senate Finance Committee Chairman Ron Wyden (D-Ore.) introduced two bills on Wednesday aimed at curtailing tax law benefits enjoyed by the PGA Tour and its new business partner, Saudi Arabia’s Public Investment Fund ( PIF ), as the two organizations, along with the DP World Tour, form a yet-to-be-finalized and unnamed for-profit entity.

The Sports League Tax-Exempt Status Limitation Act (Tax Exempt Act) would alter the 501(c)(6) designation in the Internal Revenue Code to exclude the PGA Tour and other sports organizations with assets exceeding $500 million.

Wyden argues the legislation is justified in part because the PGA Tour abruptly shifted from competing against PIF’s LIV Golf and pressuring its golfers to not join the Saudi-funded league to joining hands when the economics made sense.

“An organization that betrays its own word and agrees to become a profit generator for Saudi Arabia’s brutal regime has disqualified itself for a tax exemption,” Wyden said in a statement.

Last month, Wyden launched an investigation into the proposed entity’s financial structure and its implications for censorship and national security. The Senate Finance Committee has expressed particular concern for “the PGA Tour’s potential ownership interests in real estate near U.S. military facilities or sensitive manufacturing facilities.”

Earlier this month, both Republican and Democratic senators on the Homeland Security and Government Affairs Committee grilled PGA Tour COO Ron Price and policy board director Jimmy Dunne over the PGA Tour’s business relationship with the Saudi government as well as its business dealings in China. The Department of Justice is also probing the PGA Tour’s arrangement with LIV and DP World Tour for possible antitrust violations.

Wyden’s other bill, the Ending Tax Breaks for Massive Sovereign Wealth Funds Act (Wealth Funds Act), would compel certain sovereign wealth funds to pay a 30% withholding tax on dividends, interest and other payments for which they are currently exempted.

PIF isn’t the only sovereign wealth fund from one of those six countries with ties to U.S. sports leagues.

The Qatar Investment Authority is buying a passive minority stake (about 5%) in Washington Wizards and Capitals parent Monumental Sports & Entertainment. The NBA, MLB, NHL and MLS all feature rules limiting the maximum equity a team can sell to sovereign wealth funds (30%) and the maximum equity a single fund can own in one team (15% to 20%). The NFL does not allow sovereign wealth funds to buy a portion of a team.

It will be a while before Wyden’s bills work their way through Congress. The Senate recesses Friday and reconvenes on Sept. 5. Many members will partake in the 2024 election cycle as either candidates or campaigners, further slowing things down. But hearings could be held in the months ahead, with demands that PGA Tour and LIV officials testify.

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Tiger Woods, Rory McIlroy learn how much loyalty is worth in new PGA Tour equity program

Players are receiving a portion of a nearly $1 billion equity share for staying loyal to the pga tour amid lucrative recruitment by liv golf., by doug ferguson | associated press • published april 24, 2024.

Players who stayed loyal to the PGA Tour amid lucrative recruitment by Saudi-funded LIV Golf are starting to find out how much that loyalty could be worth.

The PGA Tour on Wednesday began contacting the 193 players eligible for the $930 million from a “Player Equity Program” under the new PGA Tour Enterprises .

The bulk of that money — $750 million — went to 36 players based on their career performance, the last five years and how they fared in a recent program that measured their star power.

How much they received was not immediately known. Emails were going out Wednesday afternoon and Thursday informing players of what they would get. One person who saw a list of how the equity shares were doled out said the names had been redacted. The person spoke to The Associated Press on condition of anonymity because many details of the program were not made public.

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The Telegraph reported Tiger Woods was to receive $100 million in equity and Rory McIlroy could get $50 million , without saying how it came up with those numbers.

Commissioner Jay Monahan outlined the first-of-its-kind equity ownership program in a Feb. 7 memo to players, a week after Strategic Sports Group became a minority investor in the new commercial PGA Tour Enterprises.

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The private equity group, a consortium of professional sports owners led by the Fenway Sports Group, made an initial investment of $1.5 billion that could be worth $3 billion. The tour is still negotiating with the Public Investment Fund of Saudi Arabia — the financial muscle behind the rival LIV Golf league — as an investor.

Any deal with PIF would most certainly increase the value of the equity shares.

Another person with knowledge of the Player Equity Program, speaking on condition of anonymity because of the private nature of the dealings, said the equity money is not part of the SSG investment. That money was geared toward growth capital.

Golf.com received a series of informational videos on the Player Equity Program that was sent to players and reported only 50% of the equity would vest after four years, 25% more after six years and the rest of it after eight years.

It also reported how the 36 players from the top tier were judged on “career points,” such as how long they were full members, victories, how often they reached the Tour Championship and extra points for significant victories.

Jason Gore, the tour's chief player officer, said in one of the videos, “It's really about making sure that our players know the PGA Tour is the best place to compete and showing them how much the Tour appreciates them being loyal.”

Emails also were sent to 64 players who would share $75 million in aggregate equity based on the past three years, and $30 million to 57 players who are PGA Tour members. Also, $75 million in equity shares was set aside for 36 past players instrumental in building the tour.

The program has an additional $600 million in equity grants that are recurring for future PGA Tour players. Those would be awarded in amounts of $100 million annually started in 2025.

Players only get equity shares from one of the four tiers now, although everyone would be eligible for the recurring grants.

Even with equity ownership geared toward making the PGA Tour better, the concern was players questioning who got how much and whether they received their fair share.

LIV Golf lured away seven major champions dating to 2018 since it launched in 2022, all with guaranteed contracts and most of them believed to have topped $100 million.

McIlroy, playing this week in the Zurich Classic of New Orleans, was asked how much would make players feel validated for their decision to stay with the PGA Tour.

“I think the one thing we’ve learned in golf over the last two years is there’s never enough,” McIlroy replied.

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From mining critical minerals to building cars and batteries, Canadian businesses and workers are attracting historic investments to help secure and create jobs, grow our economy, and keep our air clean. In the last four years, automotive and battery makers have announced more than $31 billion in investments in electric vehicle manufacturing across Canada. They want a reliable partner with world-class talent, and this is exactly what we have to offer.

And the world is taking notice.

The Prime Minister, Justin Trudeau, and the Premier of Ontario, Doug Ford, today welcomed Honda Canada’s milestone investment of approximately $15 billion to create Canada’s first comprehensive electric vehicle supply chain, located in Ontario.

This large-scale project will see four new manufacturing plants in Ontario. Honda will build an innovative and world-class electric vehicle assembly plant – the first of its kind for Honda Motor Co., Ltd. – as well as a new stand-alone battery manufacturing plant at Honda’s facilities in Alliston, Ontario. To complete the supply chain, Honda will also build a cathode active material and precursor (CAM/pCAM) processing plant through a joint venture partnership with POSCO Future M Co., Ltd. and a separator plant through a joint venture partnership with Asahi Kasei Corporation. Once fully operational in 2028, the new assembly plant will produce up to 240,000 vehicles per year.

Honda’s investments in an electric vehicle assembly plant and a battery manufacturing plant in Alliston will create over one thousand well-paying manufacturing jobs in Ontario, with the CAM/pCAM processing plant and separator plant helping to create thousands of additional direct and indirect jobs in Ontario and across Canada, including during the construction phase and across Ontario’s leading auto parts supplier and research and development ecosystems.

This investment is a strong vote of confidence in Canada and Ontario’s highly skilled workers, strong economies, and competitive business environments.

Canada’s auto sector has been an engine of economic growth, driving innovation and creating good middle-class jobs. As the demand for electric vehicles continues to grow, we will attract even more investment and position our auto, battery manufacturing, and battery material production industries as global leaders across the entire electric vehicle supply chain, to create economic growth and opportunities now and for generations to come.

“Today’s announcement is a game changer for manufacturing in Canada. Honda’s investment is a vote of confidence in Canada, in Canadian auto workers, and in our manufacturing sector. Together, we’re creating good-paying jobs, growing our economy, and keeping our air clean.” The Rt. Hon. Justin Trudeau, Prime Minister of Canada

“Today’s historic $15 billion investment by Honda delivers on our government’s promise to bring back manufacturing as part of our plan to rebuild Ontario’s economy, with thousands of good-paying union jobs and economic benefits for workers and families across the province. From our abundant critical minerals in the Ring of Fire to our highly skilled workforce, Ontario has what it takes to secure the jobs of the future as the world leader in electric vehicle manufacturing, with better jobs and bigger paycheques for our world-class workers.” The Hon. Doug Ford, Premier of Ontario

“Canada is home to the talented workers, raw materials, clean electricity, and specialized production capabilities needed to build electric vehicles. Today’s announcement ‒ Honda’s largest investment in North America ‒ is about seizing that opportunity for Canadian workers. We are securing Canada’s electric vehicle advantage by building out the entire electric vehicle supply chain ecosystem, from raw materials to battery manufacturing to auto assembly lines ‒ ensuring workers benefit today and for decades to come.” The Hon. Chrystia Freeland, Deputy Prime Minister and Minister of Finance

“As the world shifts toward more sustainable vehicles, Canada is seizing the opportunity and positioning itself as a global leader when it comes to building the cars of the future. This historic investment by Honda is a testament to Canada’s attractive and competitive business environment. With a highly skilled workforce, clean energy, an abundance of critical minerals, access to markets, and a flourishing electric vehicle ecosystem, Canada has everything that companies like Honda need to grow.” The Hon. François-Philippe Champagne, Minister of Innovation, Science and Industry

“Several years in the making, Honda’s historic investment represents a vote of confidence in Ontario’s status as a leading jurisdiction in the global production and development of electric vehicles, batteries, and battery materials. As our province continues to build a fully integrated end-to-end electric vehicle supply chain, Honda’s investment will play an integral role in advancing the innovative technologies that will define the future of automotive design, while securing thousands of good-paying jobs for workers in Alliston and across the province. Thank you, Honda, for choosing Ontario.” The Hon. Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade

“Honda of Canada Manufacturing is one of the premier automotive manufacturing facilities in the world and, for nearly forty years, our work has been guided by determination, innovation, and a relentless drive to evolve. Today’s announcement is a historic investment by a manufacturer in the Canadian auto industry. It proudly honours the highly skilled associates who have earned a global reputation for manufacturing excellence and represents Honda’s recognition of the long-term attractiveness of the Canadian electric vehicle manufacturing ecosystem.” Jean Marc Leclerc, President and Chief Executive Officer, Honda Canada

Quick Facts

EV assembly.
EV battery productions.
Cathode active material production.
The new EV Supply Chain investment tax credit is the government’s sixth major economic investment tax credit and complements the 30 per cent Clean Technology Manufacturing investment tax credit. The government is focused on delivering all major economic investment tax credits on a priority basis.
It is estimated that Honda’s new investments in eligible EV supply chain segments could benefit from federal support in the range of $2.5 billion through the proposed EV Supply Chain investment tax credit and the proposed Clean Technology Manufacturing investment tax credit.
The Government of Ontario will provide support of up to $2.5 billion for these segments through various direct and indirect incentives.
Planning for Honda’s new facilities in Alliston is expected to be finalized in the next six months, at which point the company will release additional details. Honda, the Government of Canada, and the Government of Ontario are working together to support this project.
Honda’s proposed full EV supply chain will include a new CAM/pCAM processing facility through a joint venture partnership with Korean battery materials company POSCO Future M Co., Ltd. as well as a new separator facility through a joint venture partnership with Japanese chemical company Asahi Kasei Corporation. Both of these facilities will be located in Ontario, with announcements to follow in their respective communities.
This project is part of Honda’s efforts to achieve carbon neutrality. The company is targeting sales of 100 per cent zero-emission EVs in North America by 2040.
Honda is a global automotive industry leader headquartered in Tokyo, Japan. The company was the first Japanese automaker to produce cars in Canada. It established Honda Canada in 1969 and started production in Alliston, Ontario, in 1986. These facilities – Honda’s only manufacturing facilities in Canada – currently include two auto plants and one engine plant. They have the capacity to produce more than 400,000 vehicles and 190,000 engines annually. The company employs over 4,200 people in Alliston and has a network of more than 280 dealerships across the country.
The governments of Canada and Ontario previously made matching investments of $131.6 million to help Honda Canada retool its manufacturing operations in Alliston for the next generation of hybrid EVs.
$7 billion for a new EV battery manufacturing facility built by Northvolt Batteries North America in Saint-Basile-le-Grand and McMasterville, Quebec.
$7 billion for Volkswagen’s first overseas EV battery manufacturing plant, in St. Thomas, Ontario.
Over $5 billion from Stellantis and LG Energy Solution to create a joint venture for the manufacturing of EV batteries in Windsor, Ontario.
$1.8 billion for Ford’s repurposed battery-EV production plant at its Oakville Assembly Complex, in Ontario.
$1.5 billion for Umicore to build a new world-leading net-zero facility in Loyalist Township, Ontario, which will produce essential components of EV batteries.
$1.2 billion for a new battery materials production plant in Bécancour, Quebec, built by a consortium formed by the Ford Motor Company and South Korea’s EcoProBM and SK On.
$600 million for a CAM facility to be built by a joint venture between General Motors and POSCO Future M Co., Ltd. in Bécancour, Quebec.
Budget 2023 introduced a refundable Clean Technology Manufacturing investment tax credit to cover 30 per cent of costs in new machinery and equipment used to manufacture or process clean technologies and extract, process, or recycle key critical minerals.
Canada’s automotive sector builds more than 1.5 million vehicles each year – one every 21 seconds. It supports nearly 550,000 direct and indirect jobs, contributed $18 billion in 2023 to Canada’s gross domestic product, and is one of the country’s largest export industries. It is anchored by the presence of five automotive manufacturers: Stellantis, Ford, General Motors, Toyota, and Honda.
Transportation accounts for about a quarter of our emissions in Canada. That’s why the Government of Canada has an ambitious target of 100 per cent zero-emission vehicle sales by 2035, coupled with a suite of support measures from charging infrastructure to purchase incentives.
It is projected that the global sales of EVs will be over three times higher in 2030 than it was in 2023, and Canada is well positioned to be a major player in EV production.

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