The cost to French football clubs of the 75% 'millionaire's' tax introduced in 2013 has been revealed.
When it was announced that a 75% tax would be placed upon individuals earning over a €1m a year in France, Ligue 1 was outraged.
A year long campaign followed the announcement with players threatening to go on strike and dire warnings about the future of French football if the new tax was introduced. But, despite their efforts, French football failed to overturn the policy and it was forced to accept the extra costs incurred by the tax. The ‘millionaire’s tax’ was levied on companies that pay salaries of more than €1million-a-year.
Today, the details of those tax payments for 2013, the first year that they came into effect, have been announced via Régis Juanico, a member of the National Assembly of France.
Overall, €40.1m will be raised by the French government at the expense of the clubs, only 9 of which qualified to pay any tax at all. Only €32.75m off this sum has been paid so far, with Marseille, Lille and Lyon asking for 24 months to pay their taxes in entirety.
The individual club breakdowns are as follows:
St Étienne: €1.844m
OGC Nice: €0.716m
Toulouse FC: €0.556m