The new French President’s intentions of establishing the infamous Hollande tax are very much real which has got Olympique Lyonnais president, Jean-Michel Aulas worried
Newly-elected President of France, Francois Hollande promised to bring in the infamous Hollande tax if he got elected and now, the French supremo is keen on implementing the 75% tax rule on people earning more than one million euros a year.
Although it is a good step for people who have to work hard to get a small portion of such a humongous amount of money, Ligue 1 clubs are very concerned about the lack of clarity regarding this new law and want clear explanations.
The Hollande tax was the cornerstone of Hollande’s presidential campaign. However, it is still not clear whether it is a household tax or related to one single person.
According to Le Monde, the president’s staff is currently working on finalising the technical details of this new rule and the financial draft bill should be presented to the Cabinet later this September. This is indeed a cause for concern for many presidents running the affairs of Ligue 1 clubs.
http://www.senore.com/Football-soccer/Olympique-Lyonnais-c40130 president, Jean-Michel Aulas is one of those people who have their reservations on the infamous tax law. The Lyon supremo has called this new law as a deterrent for some of the best talent in football and has asked the president and his advisors to first discuss this with the Ministry of Sports.
“This tax is a deterrent for some top talent. This should be discussed with the ministry of sports to see whether it should be amortized or not. It should not be allowed if it concerns only athletes,” said Aulas while talking to RMC.
Jean-Pierre Louvel, who was recently made the president of the Union of Professional Football Clubs (UPF), echoed Aulas’ sentiments and fears that this law could see a mass exodus of players from France. Louvel feels that only Paris Saint-Germain would be safe from the repercussion of this tax regulation.
“We should have the fear of being victims of players’ exodus. We pointed out to the Minister of Sports that only PSG could now be able to take on this tax. For other clubs, there is no question that they can pay.”
Indeed, the tax might do football in http://www.senore.com/Football-soccer/France-c2899 more harm than good so making a few changes to the law might serve Hollande’s purpose well.
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