FPL Signs On As Sponsor Of Miami ePrix Counterfeit Copa Do Brasil Tickets Seized Renovated Estádio De Pituaçu Obsolete Chinese Seal Deals With European Clubs Kaká Signs Product Contract With Midway Labs Parma President Threatens To Walk Away Royal Antwerp Begins Financial Rehab Football Notes Coach Says FIGC Must Take Some Blame DFL Proposes Eliminating WC Round Of 16
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/April 3, 2013/International Football
France Won't Exempt Football Clubs From 75% Tax On Salaries Above €1M
Published April 3, 2013
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
DOING THE MATH: BLOOMBERG's Gregory Viscusi reported "at least 12 members of the Paris team" make more than €1M a year. They include Ibrahimovic, €15M ($19.3M) a year, and Italian coach Carlo Ancelotti, at €12M ($15.4M). Former England captain David Beckham "would escape the tax because his five-month stint at PSG doesn’t qualify him as a French tax resident." President Francois Hollande made the 75% tax "a cornerstone of his successful presidential campaign last year, saying the wealthiest had to make a special contribution toward cutting France’s deficit." Many football players "would already be taxed at France’s top marginal rate" of 49%, which kicks in at €500,000 ($641,800) a year. Teams "would then pay a surcharge to bring the effective tax rate on salaries above" €1M to 75% (BLOOMBERG, 4/2).