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Friday 3 July 2009

Is Football Being Punished Beacuse High Taxation Levels?

As a passionate football fan I for one can not wait for the start of the new football season. This has been a exceptionally short close season (1 day actually because of the UEFA U21 Final finishing on Monday and the qualifying rounds for Europa Cup started on Wednesday) but is the time when all football fans look at who their club brings in during the transfer window and have optimism for their teams chances this season - until they are thumped 5-1 at home that is.

What has surprised me so far is how little transfer activity there has been with many of the top Premier League teams struggling to attract the top footballing names from across the world.

One reason for this could be down to the 50% tax rate for the high earners. When footballers attract headlines for being high earners their is normally a backlash.

But having high paid football stars do have some benefits. If they are top quality stars the knowledge they can pass down to the yonger players is a valuable and can change training attitudes as Manchestr United found when Eric Cantona was there.

They also bring in wealth to this countary. Christiano Ronaldo will only pay 10% tax in Spain and can only pay a maximum 27%. Could this be the real reason why top stars want to play in La Liga for Real Madrid and Barcelona?

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