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POLITIKOFF

He owes the American government over two million euros in taxes, Beyonce reacts

Politiko 2023-05-01 14:14:20

He owes the American government over two million euros in taxes, Beyonce reacts

Pop music diva Beyonce has responded to the US government after it was said she owed more than two million euros in taxes. The "Crazy In Love" hitmaker has filed a petition with the Internal Revenue Service (IRS) and requested a trial in Los Angeles, according to documents obtained by People. This comes after the IRS issued a notice saying the pop queen owed more than two million euros in back taxes.

Beyonce owes $805,850 for 2018, $1,442,747 for 2019 plus $449,719.40 in penalties, according to the IRS. But the Broken Hearted Girl hitmaker's legal team have disputed the tax bill, claiming at least €868,766 of the total should be deducted as it was a charitable donation.

He owes the American government over two million euros in taxes, Beyonce reacts

Beyoncé's attorney, Michael Cohen, told People in a statement that:

"We are working with the IRS and anticipate that the matter will be resolved soon."

Meanwhile, Beyonce has a net worth of 450 million euros. Her husband Jay-Z is said to have a net worth of €2.5 billion. The pair have many business ventures, although Beyoncé and Adidas reportedly cut ties recently.

He owes the American government over two million euros in taxes, Beyonce reacts

The news comes nearly two months after sales of the Ivy Park singer's "Renaissance" clothing line fell 50%, bringing in just $40 million in 2022 compared to $93 million in 2021. At the time, the Wall Street Journal ” reported that Beyoncé's line was projected to bring in over $250 million in sales last year.

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