French league decries government tax proposals

BY foxsports • September 28, 2012

The French football league has criticized plans by the government to raise taxes to 75 percent on incomes of more than ?1 million ($1.3 million), saying it would have ''a disastrous effect on the competitiveness'' of its league.

The French government presented a budget Friday that was heavy on taxes, with president Francois Hollande's cabinet calling it a ''fighting budget'' designed to combat joblessness and help growth.

But the LFP thinks it would prompt an exodus of players from the French league and weaken it.

In a statement Friday, the LFP said clubs would be ''deprived of numerous talents indispensable to their sporting and economic'' survival, and that it is ''fanciful to think that the definite exodus of numerous players could be compensated by the arrival of other players of the same level.''