Tax,
Entertainment & Sports
Dec. 29, 2023
Can anyone emulate Ohtani's $700M LA Dodgers tax dodge?
If Shohei Ohtani’s California taxes work out as the young star and his advisers likely intend, it might be a very clever slider lobbed at California’s Franchise Tax Board.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
The worldwide news of baseball phenom Shohei Ohtani’s record-shattering $700 million contract is notable from every angle. Even paid out the regular way, it would be big news. But what made the story even bigger was the peculiar nature of the grand slam sized payout. If the California taxes work out as the young star and his advisers likely intend, it might be a very clever slider lobbed at California’s Franchise Tax Board.
Ohtani reportedl...
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