You can read 19 more articles this month
THE Spanish league bleated today that the centre-left government’s proposal to increase income tax on the rich could scare away football’s top players.
La Liga president Javier Tebas sent a letter to clubs today saying the suggested tax reforms would “negatively impact the competitiveness of our league.”
Tebas warns that the proposed tax hike on those earning over €130,000 (£114,400) a year would cost the clubs £70.4 million and “mean a loss of 20 elite players from our league.”
Spain’s Socialist Workers’ Party (PSOE) came to power in June this year and formed a minority government following a vote of no-confidence in rightwinger Mariano Rajoy and his Popular Party.
Earlier this week, the PSOE and the anti-austerity party Podemos reached a deal that will likely see the minority government through to the next general election in 2020. The tax rise formed part of the deal as well as a 22 per cent rise to the country’s minimum wage.
Over the past year the Spanish authorities have charged several of football’s biggest stars for tax fraud and other financial crimes.
Former Real Madrid forward Cristiano Ronaldo came to an agreement with the finance ministry in July after it accused him of not paying over £13m in taxes owned between 2011-14. He paid £16.6m in unpaid taxes, fines and interest and accepted a two-year suspended jail sentence.
Earlier this year, Manchester United striker Alexis Sanchez was given a 16-month prison sentence for evading tax during his time at Barcelona.
He was accused of defrauding the Spanish treasury of £900,000 and hiding the income he made from “image rights” between 2012 and 2013.
However, neither player served any time behind bars because first-time offenders avoid jail in Spain if the sentence is less than two years.
Barcelona’s Lionel Messi was found guilty last summer of defrauding the Spanish treasury of £3.6m between 2007-9.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by joining the 501 club.
Just £5 a month gives you the opportunity to win one of 17 prizes, from £25 to the £501 jackpot.
By becoming a 501 Club member you are helping the Morning Star cover its printing, distribution and staff costs — help keep our paper thriving by joining!
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by become a member of the People’s Printing Press Society.
The Morning Star is a readers’ co-operative, which means you can become an owner of the paper too by buying shares in the society.
Shares are £1 each — though unlike capitalist firms, each shareholder has an equal say. Money from shares contributes directly to keep our paper thriving.
Some union branches have taken out shares of over £500 and individuals over £100.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by donating to the Fighting Fund.
The Morning Star is unique, as a lone socialist voice in a sea of corporate media. We offer a platform for those who would otherwise never be listened to, coverage of stories that would otherwise be buried.
The rich don’t like us, and they don’t advertise with us, so we rely on you, our readers and friends. With a regular donation to our monthly Fighting Fund, we can continue to thumb our noses at the fat cats and tell truth to power.
Donate today and make a regular contribution.