France to tax soccer players at 75% rate

Discussion in 'The Bar' started by stripes, Apr 2, 2013.

  1. stripes

    stripes Active Member Banned User

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    just saw a news crawl on bloomberg, soccer players making more than 1.3mil will be taxed at 75% rate.

    europe sucks...:facepalm:
     
  2. Stew Nod

    Stew Nod Hello VIP

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    Just soccer players? What about others that make millions?
     
  3. stripes

    stripes Active Member Banned User

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    thats all i got on the crawl:dontknow: i'm sure theres more to it
     
  4. Stew Nod

    Stew Nod Hello VIP

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  5. JumboWop

    JumboWop Outlaw Gold

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    we'll be there soon enough
     
  6. stripes

    stripes Active Member Banned User

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    Paris Saint-Germain, France’s richest soccer club, will have more on its agenda than controlling Lionel Messi when it takes on Barcelona, the world’s best team, tonight.
    PSG’s Qatari owners also have the tax man to think about. After conflicting messages by government officials, Prime Minister Jean-Marc Ayrault’s office issued a statement today confirming that a 75 percent surcharge on salaries above 1 million euros ($1.3 million) will apply to soccer clubs.
    “This new tax will cost first-division teams 82 million euros,” France’s Football League said in a statement. “With these crazy labor costs, France will lose its best players, our clubs will see their competitiveness in Europe decline, and the government will lose its best taxpayers.”

    At least 12 members of the Paris team make more than 1 million a year, according to France Football magazine. They include Swedish striker Zlatan Ibrahimovic, 15 million euros a year, and Italian coach Carlo Ancelotti, at 12 million euros.
    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. While Beckham is soccer’s best-paid player with 36 million euros this year, only 5 percent of that comes from salary, according to France Football.
    President Francois Hollande made the 75-percent 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 soccer players would already be taxed at France’s top marginal rate of 49 percent, which kicks in at 500,000 euros a year. Teams would then pay a surcharge to bring the effective tax rate on salaries above 1 million euros to 75 percent.
     
  7. Stew Nod

    Stew Nod Hello VIP

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    yup
     
  8. Nantrax

    Nantrax Well-Known Member VIP Gold

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    Actor Gerard Depardieu already left the country to avoid paying taxes. More will follow.

    The owners of PSG have spent a shitload of cash to make the team a powerhouse. Now they will probably have to sell players at a reduced price.

    This will not go well
     
  9. Wesmantooth

    Wesmantooth VIP Extreme Gold

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    next headline will be about the surge in Euro footballers moving to Florida :jj:
     
  10. stripes

    stripes Active Member Banned User

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    maybe this is what our mens national team needs..
     
  11. Wesmantooth

    Wesmantooth VIP Extreme Gold

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    its one way to get some real players
     
  12. stripes

    stripes Active Member Banned User

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    ya, it couldnt hurt. now we just fast track em for citizenship
     
  13. HeinousMark

    HeinousMark Creepy-Ass Cracka VIP

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    Well fuck...there goes my plan to become a French soccer player...:nocheer: