Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

Philippines: Has Duterte’s ‘war on drugs’ gone too far?

Read more

FOCUS

America's future strategy in Southeast Asia? Local US allies keen for answers

Read more

THE OBSERVERS

Ukraine's illegal mafia-run amber mining; and the street art being destroyed by authorities in Brazil

Read more

EYE ON AFRICA

Anti-immigrant protests erupt in South African capital

Read more

IN THE PAPERS

White House silence over Kansas bar shooting angers India

Read more

IN THE PAPERS

Oscars: Not so white anymore, but very political

Read more

BUSINESS DAILY

Mobile World Congress opens in Barcelona

Read more

MEDIAWATCH

Trump: ‘Fake news’ and unnamed sources

Read more

THE WORLD THIS WEEK

Trump administration, Turkey crackdown, French presidential race (part 2)

Read more

Sports

Hollande meeting football chiefs over feared 75% tax

© Photo: AFP

Text by Joseph BAMAT

Latest update : 2013-10-31

French President François Hollande was meeting on Thursday a delegation representing professional football clubs, which have voted to go on strike if his government implements a planned 75% tax on salaries over one million euros.

President François Hollande  was meeting the presidents of some of France’s most prestigious football clubs on Thursday to discuss his government’s plan to impose a 75% payroll tax on employees who earn more than one million euros per year.

Representatives of France’s first and second division professional football teams have said that the large levy will endanger the future of many clubs that are already heavily indebted. They fear the tax will make it impossible to compete with German and English clubs for star players.

They have voted to go on strike during the last weekend in November, interrupting the regular Ligue 1 football season.

Taxing France’s highest incomes at 75% was one of the signature promises Hollande made during his successful 2012 presidential campaign.

Prime Minister Jean-Marc Ayrault said on Thursday that French people “would not understand why football companies should be exonerated” from the tax, a signal that Hollande does not intend to budge.

“During difficult times it is normal to call on those who are better off to show more solidarity,” Ayrault told the "Kommersant" newspaper in Russia, where he is on an official two-day visit.

Ayrault reiterated  that the tax would only last two years and was only applicable to salaries that exceeded one million euros.

Earlier this week, France’s government back-pedalled on a new  “ecotax” on transport vehicles weighing over 3.5 tonnes after angry truckers and farmers in the western Brittany region staged protests and closed highways.

Date created : 2013-10-31

  • Europe

    PSG fight back to draw and stay top of the league

    Read more

  • FRANCE - FOOTBALL

    French football clubs to strike over 75% tax

    Read more

  • FOOTBALL

    Monaco blow two-goal lead to draw with Sochaux

    Read more

COMMENT(S)