SkyBlueCanuck
Well-Known Member
matt_matt said:Looks like Monaco are pretty certain they'll win their fight against the hostility of the other French clubs - wasn't there talk of them being banned from the top flight because they're a tax haven and so can pay players much higher wages?
Edit: this is what I was thinking of - http://www.guardian.co.uk/football/blog/2013/may/02/monaco-paris-saint-germain-ligue-1
especially stuff like:
You get the picture: money is no obstacle. But hostility from other French clubs is. Because in late March they united to threaten to ban Monaco unless the club agreed to move towards greater financial equality – Rybolovlev may not be prepared to put in quite as much cash as PSG's Qatari owners have already done, but he does not need to because he has an advantage that no one else enjoys: Monaco's status as a tax haven. And that is what the other clubs have set out to abolish.
Monaco has always benefited from the principality's special status. The club pays far less corporation tax than its French counterparts and although an agreement means any French player whom the club employs must pay tax in France (though they can still benefit from a 20% reduction on national insurance), foreign players get to keep all of their earnings.
By way of comparison, where PSG reportedly have to fork out in the region of €30m per year to Zlatan Ibrahimovic, Monaco could give the Swede the same take-home salary for an outlay of just €9m.
trying to wrap my head around what sort of logic French legislators employ when setting up their taxation rates... unbelievable.