Four tax law experts said the amount owed by Yeezy Apparel is significant and could be a sign of deeper issues at the company.
The rapper Ye has been vocal about his personal financial struggles and debts. In 2016, before he became a billionaire, he said he was $53 million in debt, and in the last month, he’s claimed that four of his personal accounts have been frozen over claims of tax debt.
“Multiple California tax liens, adding up to $600,000, that’s certainly a sign of either extreme incompetence or extreme cash problems,” said USC Gould School of Law Professor Edward McCaffery, who specializes in tax law. “That is kind of an Amber Alert for the financial health of the enterprise.”, a lien may be imposed if a company or taxpayer doesn’t respond to their letters about taxes owed, pay in full or set a payment plan.
uncovered accounts from former colleagues who said Ye would use antisemitic language in the workplace and praise Hitler. The report unearthed a settlement agreement and payment between Ye and a former colleague that came after allegations of such comments. NBC News found 17 government-imposed liens in California against three of Ye’s businesses and a charity created in his name dating back as far back as 2012. Four of the liens were labeled active with no indication of them having been terminated or paid.
“They’ve gotten pretty serious before a lien is imposed usually. This is not the first step of a tax enforcement agency,” said David Gamage, a professor of law specializing in taxes at Indiana University Bloomington. “If you’re screwing up on this, you’ve got bigger problems and there’s probably other things you’re not paying,” said McCaffery. “But on the other hand, it could be consistent with just kind of a bare-bones operation that’s a little sloppy.”
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