Bloomberg Tax
June 21, 2024, 9:38 PM UTC

Colombia’s Top-Scoring Soccer Star Balks at National Wealth Tax

Oscar Medina
Oscar Medina
Bloomberg News

The top scorer in the history of Colombia’s national team is coming home, but only for six months because he doesn’t want to pay the nation’s wealth tax.

After a career that included stints at Atletico de Madrid, Chelsea and Manchester United, striker <-bsp-person state="{"_id":"00000190-3cd0-d497-a7fb-fcddc5d80000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">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.

Radamel Falcao Garcia
Photographer: Denis Doyle/Getty Images

The wealth tax “had a very strong impact that ...

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