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The French football league (LFP) has criticised plans by the government to raise taxes to 75 per cent on incomes of more than one million euro ($1.23 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.
According to a statement on Friday, the LFP 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."
Retrial of Romanian football officials
Bucharest's highest court has ordered a retrial in the case of eight Romanian football officials who were sentenced to prison for tax evasion and money laundering in connection with the transfer of 12 players over a six-year period.
2012-2013 Champions
TWG presents the world's best club football teams, the ones that have secured title glory anyway, for season 2012-2013.
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Monty Halls' Great Irish Escape (DVD)
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East to West (DVD)
A fresh perspective on the birth of civilisation in the Near and Middle East and its dynamic influence on the West.
