Strikers?? French players to hang up boots in protest at Hollande's super tax
- 11 years ago
French soccer clubs will go on strike at the end of November to protest plans by President Francois Hollande to impose a 75 percent tax on players' wages.
The government wants to impose the 'super tax' on those earning an annual salary of more than 1million euros - which obviously includes multi-millionaire soccer players.
The proposal means employers, rather than the individuals, would be liable for the super tax for the part of salary that exceeds 1m euros.
Smaller Ligue 1 clubs are worried that paying more taxes will add to their losses which already total 100 million euros a year. They say the tax will make it even harder to compete with rich, foreign-owned clubs like PSG and Monaco.
Paris St-Germain, owned by Qatari investors, will be hit hardest by the tax but are unlikely to have any trouble paying while Monaco will be exempt as it is based in the tax-free principality.
They say it will also deter footballers from playing for French clubs.
Soccer clubs and the professional clubs' union UCPF are calling foul of the move. Jean-Pierre Louvel, head of the union said the move will spell 'the death of French football."
The public it seems are less sympathetic, with recent polls showing around 80 percent of the public support taxing the clubs and similar levels of opposition to the planned player's strike.
Hollande is set to meet representatives of the clubs this week to discuss the issue and hopefully come up with a resolution.
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The government wants to impose the 'super tax' on those earning an annual salary of more than 1million euros - which obviously includes multi-millionaire soccer players.
The proposal means employers, rather than the individuals, would be liable for the super tax for the part of salary that exceeds 1m euros.
Smaller Ligue 1 clubs are worried that paying more taxes will add to their losses which already total 100 million euros a year. They say the tax will make it even harder to compete with rich, foreign-owned clubs like PSG and Monaco.
Paris St-Germain, owned by Qatari investors, will be hit hardest by the tax but are unlikely to have any trouble paying while Monaco will be exempt as it is based in the tax-free principality.
They say it will also deter footballers from playing for French clubs.
Soccer clubs and the professional clubs' union UCPF are calling foul of the move. Jean-Pierre Louvel, head of the union said the move will spell 'the death of French football."
The public it seems are less sympathetic, with recent polls showing around 80 percent of the public support taxing the clubs and similar levels of opposition to the planned player's strike.
Hollande is set to meet representatives of the clubs this week to discuss the issue and hopefully come up with a resolution.
--------------------------------------------------------------------------------
Daily videos brought to you by THE Taiwanese Animators behind the infamous Tiger Woods animation. We got the funniest animations on the web to help you stay in-the-know on all the trending stories, so sit back, relax, and watch a few.
Visit our channel for your daily dose of Taiwanese Animations:
https://www.youtube.com/user/TomoNewsUS
Wish all your news was animated? Subscribe now:
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