French Clubs To Skip Games In Tax Protest

PARIS (AP) — Furious over a government tax plan to impose a super-tax on players' salaries, French football clubs have unanimously agreed to scrap matches over one weekend at the end of November as a protest. France's professional clubs held an extraordinary general meeting Thursday to decide the next steps in their campaign against the government's plan to implement a 75-percent tax law on income above 1 million euros ($1.38 million) per year. [...] why have they been? Because the taxes we've been paying are too high. The promise of a tax hike was the most memorable promise of Hollande's campaign, and polls have shown it was widely popular, even if it generated heavy criticism from business leaders and sports organizations. Last year, French clubs paid about 700 million euros ($965 million) in social charges and image rights, which was more than they received in television rights, the UCPF said. French clubs already end up selling many of their top players to other leagues that offer higher salaries — such as England's Premier League — and the new measures could force them to sell even more of their stars to balance the books.

Topics:  paris ap     furious   november   france   hollande   ucpf   england's premier league   french   tax   protest   million   plan   rights   players   salaries   government   promise   year   campaign   euros   

 

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