Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Netanyahu deletes tweet featuring photo of James Foley

Read more

THE WORLD THIS WEEK

The World This Week - 22 August 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 22 August 2014

Read more

FRANCE IN FOCUS

FRANCE IN FOCUS

Read more

FOCUS

Lifting the veil over China's air pollution

Read more

ENCORE!

Tango Takeover in Paris

Read more

WEB NEWS

Calls for ISIS media blackout after execution of James Foley

Read more

IN THE PAPERS

'Steely resolve of reporters exploited by pared-down employers'

Read more

BUSINESS DAILY

US judge calls Argentina bond swap offer illegal

Read more

  • Europe launches navigation satellites to rival GPS

    Read more

  • Besieged by problems, Hollande faces unhappy return from summer holidays

    Read more

  • Iraqi Sunnis quit govt talks after mosque massacre

    Read more

  • US demands Russia withdraw aid convoy from Ukraine

    Read more

  • Rights group sues US government over ‘deportation mill’

    Read more

  • Colombian army and FARC rebels begin work on ceasefire

    Read more

  • US National Guard starts to pull out of embattled Missouri town

    Read more

  • PSG fall flat once more against Evian

    Read more

  • Fed Chair says US job market still hampered by Great Recession

    Read more

  • August 22, 1914: The bloodiest day in French military history

    Read more

  • Central African Republic announces coalition cabinet

    Read more

  • Hamas publicly executes "informers"

    Read more

  • French firebrand leftist to quit party presidency, but not politics

    Read more

  • Fear of Ebola sky-high among Air France workers

    Read more

  • US says Islamic State threat 'beyond anything we've seen'

    Read more

  • Malaysia mourns as remains of MH17 victims arrive home

    Read more

  • Turkish Foreign Minister Davutoglu set to be Erdogan's new PM

    Read more

  • Interactive: Relive the Liberation of Paris in WWII

    Read more

Sport

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)