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Anorak | Why is David Beckham only playing in France for 5 months: tax

Why is David Beckham only playing in France for 5 months: tax

by | 4th, February 2013

A VERY nice little catch here b y The Mirror   on why David Beckham is only playing in France for five months:

The star’s contract at PSG runs for only five months.

If he stayed any longer than six he could become liable to a proposed 75% tax on his entire multi-million pound earnings by the socialist French government.

There’s some large number of people out there who insist that people don’t change their behaviour in the face of high tax rates.

Unh Hunh.

And yet the actual evidence in front of us is that people change their behaviour all the time in the face of high tax rates. From everyone who could carry a tune leaving the country in the 70s through to this evidence we have here over this French 75% tax rate. Their top actor, Gerard Depardieu, has gone to live in Russia (Russia FFS!) rather than pay 75%. The country’s richest man Berard Arnault, has gone to Belgium. And a super annuated football player will only be there for half a season.

The

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Posted: 4th, February 2013 | In: Money, Sports Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink