France will lose its best footballers due to President François Hollande’s “crazy” 75 per cent tax on millionaire earners, the country’s football league warned on Tuesday, after a failed attempt by leading players to avoid the levy.
The supertax, a key electoral promise, has already sent several Gallic public figures, including Gérard Depardieu, the actor, running for fiscal cover.
The levy, which looked like it was going to be shelved, was revived last week by the Socialist president, who stipulated that companies, not individuals, will now foot the bill. But his television announcement left hanging the question of whether self-employed artists and athletes would be taxed, or whether a football team was regarded as a company.
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