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Started By
Message
Footballers not exempt from 75% tax
Posted on 9/14/12 at 8:57 am
Posted on 9/14/12 at 8:57 am
LINK
This is NOT supposed to be a political debate of any kind. This thread is about soccer.
What do people think about this? Do you think this will have a significant effect on the league?
Hollande can talk about patriotism, but it's hard to see how that would appeal to some of the guys who aren't French. To use the example in the article, I can't see Zlatan Ibrahimovich being thrilled about the thought of giving more than 10 of the 14 million Euros he'll make to the French government. I can certainly say that if I were in a similar situation, I'd be trying to figure out how to get out.
The French league isn't the greatest, but I can't see how this would help improve things.
This is NOT supposed to be a political debate of any kind. This thread is about soccer.
What do people think about this? Do you think this will have a significant effect on the league?
Hollande can talk about patriotism, but it's hard to see how that would appeal to some of the guys who aren't French. To use the example in the article, I can't see Zlatan Ibrahimovich being thrilled about the thought of giving more than 10 of the 14 million Euros he'll make to the French government. I can certainly say that if I were in a similar situation, I'd be trying to figure out how to get out.
The French league isn't the greatest, but I can't see how this would help improve things.
3
Posted on 9/14/12 at 9:45 am to ohiovol
I thought salaries were negotiated on a post-tax basis. If so, the total cost of Ibrahimovic per year would be over 50 million euros.
This post was edited on 9/14/12 at 9:49 am
Posted on 9/14/12 at 9:49 am to ohiovol
quote:
intended to raise €20 million in new revenues.
Well considering they are getting half of that from Zlatan alone, I would be outraged. If I were a pro, I would avoid the league at any cost, unless the team was willing to up my salary to compensate for some of the tax. 74% is just ridiculous though. Especially for the guys are just barley over the threshold, that don't have endorsements. They are the ones really getting screwed.
Posted on 9/14/12 at 9:51 am to Anfield Road
quote:
I thought salaries were negotiated on a post-tax basis
In that case there is no way these teams can afford to pay that much to be competitive then.
Posted on 9/14/12 at 9:58 am to Jumbeauxlaya
I guess you can always defer compensation, so that the salary does not actually cross the 1 million mark.
Posted on 9/14/12 at 11:27 am to ohiovol
There was an article about a potential raise for Ronaldo being tricky because of similar reasons. LINK
quote:
Ronaldo benefits from something called the "Beckham Law" -- a fiscal loophole originally designed to allow foreign executives who relocate to Spain to pay income tax at a rate of just 24 percent and originally exploited by you-know-who -- which means that, after tax, the Portuguese makes approximately $13.5 million, roughly the same as Messi (the Barcelona star is, of course, also a foreigner but he has lived in Spain for so long that he was never eligible for the Beckham Law).
quote:
But here's the rub as far as Ronaldo is concerned: The Beckham Law has been scrapped and, for now at least, Ronaldo is being grandfathered in. But should he sign a new deal, he'll have to pay tax at full whack (52 percent). So if he wants, say, a $1.5 million bump to an even $15 million a season, it will actually cost Real Madrid more than $30 million. In other words, to pay Ronaldo $1.5 million more, Real needs to fork out $12 million a year.
Posted on 9/14/12 at 11:41 am to bags03
maybe that's why my dream boat is so sad and crying
Posted on 9/14/12 at 11:56 am to Anfield Road
It'd take a 56mil contract for Ibra to get 14mil. And I doubt they're doing any deferred deals.
Posted on 9/14/12 at 12:08 pm to Friend of OBUDan
That's a good way to ensure your country has a brain drain/talent deficiency
Posted on 9/14/12 at 3:50 pm to Anfield Road
My understanding is that contracts are negotiated pre tax but occasionally when a player is considering 2 different countries the club with a higher tax rate will pay them enough to keep their effective income the same. Obviously that is not standard practice but in order to stay competitive in a global economy sometimes they don't have much of a choice.
I'm pretty sure that is what held up the Ibra deal. I think they agreed to match his effective income from AC Milan and presumably added some length to his contract. And yes, that means his pre tax income is ridiculously high.
I'm pretty sure that is what held up the Ibra deal. I think they agreed to match his effective income from AC Milan and presumably added some length to his contract. And yes, that means his pre tax income is ridiculously high.
Posted on 9/14/12 at 8:06 pm to BobLoblaw
I spent last year in France and there was a lot of vitriol over the election. People generally didn't like Sarkozy because they thought he was too conservative, but many people feared that Holland would spend too much money. A lot of people were really enthusiastic about Holland before the election, but I would say about a month after the election people were starting to get a bit uneasy about the guy. It's 74 or 75% OVER the first million that you make.
And no, this can't help League 1.
Will Smith's reaction to the 75% news on a French TV show
Also featured in this link: French people showing they are terrible at English, and Flanby, the most amazing desert in a cup ever.
In regards to brain drain, many rich French people go to Switzerland. They are going there faster now, and with them their money.
And no, this can't help League 1.
Will Smith's reaction to the 75% news on a French TV show
Also featured in this link: French people showing they are terrible at English, and Flanby, the most amazing desert in a cup ever.
In regards to brain drain, many rich French people go to Switzerland. They are going there faster now, and with them their money.
This post was edited on 9/14/12 at 8:07 pm
Posted on 9/15/12 at 1:58 am to cwil177
quote:
I spent last year in France and there was a lot of vitriol over the election. People generally didn't like Sarkozy because they thought he was too conservative, but many people feared that Holland would spend too much money. A lot of people were really enthusiastic about Holland before the election, but I would say about a month after the election people were starting to get a bit uneasy about the guy. It's 74 or 75% OVER the first million that you make.
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