Spain’s La Liga is to intensify discussions with the government over plans to scrap tax breaks for high-earning players
Spain’s top flight football league has threatened to suspend matches following a government decision to abolish a law that allows international professionals who earn more than €600,000 ($905,000) to pay only 24 per cent tax instead of the 43 per cent charged to local citizens.
La Liga’s general assembly said recent conversations with the government indicated a compromise can be reached
http://www.sportbusiness.com/news/171132/la-liga-puts-strike-plan-on-hold?utm_source=sbinsl&utm_medium=email&utm_campaign=dec7
Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts
Monday, December 7, 2009
Friday, November 6, 2009
Spanish League faces strike fears
Players in Spain's La Liga could take strike action over a planned tax hike for its top-earning foreign stars.
The government wants to raise the rate for overseas players earning more than 600,000 euros from 24% to 43% in 2010
The Liga de Futbol Professional (LFP) argues the increase will stop leading players from coming to La Liga. But the government argues that it is promoting "tax equality" in a recession which has seen unemployment levels in Spain approaching 20%.
Its proposal would amend the so-called "Beckham Law", named after the England midfielder and former Real Madrid player. The law was approved in 2002 to make hiring foreign high-earners in all fields easier, and to make Spain more attractive to the specially qualified or skilled.
The new measure, to be implemented on 1 January, will not affect foreign players already in Spain such as Real's Cristiano Ronaldo and Kaka or Barcelona's Zlatan Ibrahimovic and Lionel Messi.
http://news.bbc.co.uk/sport2/hi/football/europe/8345593.stm
The government wants to raise the rate for overseas players earning more than 600,000 euros from 24% to 43% in 2010
The Liga de Futbol Professional (LFP) argues the increase will stop leading players from coming to La Liga. But the government argues that it is promoting "tax equality" in a recession which has seen unemployment levels in Spain approaching 20%.
Its proposal would amend the so-called "Beckham Law", named after the England midfielder and former Real Madrid player. The law was approved in 2002 to make hiring foreign high-earners in all fields easier, and to make Spain more attractive to the specially qualified or skilled.
The new measure, to be implemented on 1 January, will not affect foreign players already in Spain such as Real's Cristiano Ronaldo and Kaka or Barcelona's Zlatan Ibrahimovic and Lionel Messi.
http://news.bbc.co.uk/sport2/hi/football/europe/8345593.stm
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