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Kind of a bit rich you accusing someone of making something up, been on any dates with any supermodels recently? |
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48% tax
Should Manchester United make a move for Griezmann this summer, and be willing to pay his release clause, the new rules have made things a lot easier. Last October brought a change. To put it in its simplest terms, Spain’s General Directorate of Taxes passed a resolution which meant a player wouldn’t be liable for tax in a situation such as that detailed above. Expansion quote Jorge Pecourt, a partner at a specialist law firm, explaining the change: “From this moment on the transfer market has changed positively for buying clubs and negatively for those who were not willing to negotiate the transfer of their players, relying on the termination clause and the tax toll that came with their payment.” The Spanish authorities wished to stop selling clubs using the tax threat to make transfers more complicated. After all, the whole point of compulsory buyout clauses is to give footballers a certain level of freedom. A player paying his clause direct is now actually the route with least tax burden, because IVA (VAT) isn’t due on the fee either, the payment being exempt. |
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