French Government Ensures Further Exodus Of Stars To Clubs Like Newcastle
The French government did their best to help drive out France’s top players when they were elected with a commitment to bring in a 75% supertax on individuals.
That was challenged and defeated in the courts who ruled that taking more than two thirds in a tax on individuals would be unconstitutional.
However, the French government have shown their determination to push the plan through, they have instead applied the 75% supertax to companies that pay salaries of over 1m euros (around £850,000) which of course includes top French football clubs.
So now all companies, including the clubs, will have to pay an amount which is equivalent to 75% of their employees/players’ salaries over one million euros.
It is estimated that the new tax could cost the Ligue 1 clubs over £150m and understandably the whole of French football is worried about the damage this will cause as they try to recruit and retain players.
Whether the planned tax played a part in helping Newcastle United’s raids on the French market is unknown but it certainly can’t have done any harm.
With higher average salaries in the Premier league combined with the more attractive tax situation this side of the channel, it can only make it even more attractive for top French players to consider joining the likes of Cabaye and Sissoko at St.James’ Park.
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