Tax shift means more info kept from public
The National Football League said on Tuesday that it will no longer claim tax-exempt status. That means higher taxes — an estimated $109 million US over the next decade. But it also means the league will file one more public form with the IRS early in 2016 and then stop.
The league’s most recent public disclosure covers the year that ended on March 31, 2014. It tells us a few things that we won’t know in the future — once the league can shield its financial information from public view. These include: