senators vote to eliminate the tax advantage for FIFA

by time news

2023-11-25 20:50:18

The senators unanimously approved this Saturday, November 25, the deletion in the 2024 budget of an article establishing advantageous tax measures in favor of “ international sports federations » at the forefront of which is FIFA. The system offers an exemption from corporate tax, business property tax and business value added contribution, as well as an exemption from income tax for employees of these federations domiciled in France for five years. after their “ first taking office “. The senators succeeded one another to denounce a “ disproportionate, incomprehensible, scandalous and, frankly, obscene tax gift » (Francis Szpiner, LR), a device « scandalous and iniquitous » (Éric Jeansannetas, PS), an advantage « indecent » particularly with regard to the amateur sports movement (Pascal Savoldelli, PCF). The Minister Delegate in charge of Public Accounts, Thomas Cazenave, defended a tax provision which “ is part of a global strategy » to make France a “​​​​​nation sportive », emphasizing that this advantage would not concern activities “​​​​​lucrative » from FIFA or another federation, citing television rights, sponsorship, brands and derivative products. The government, which had supported the article in question, should logically reinstate it when the budget returns to the Assembly and will probably be adopted via the constitutional weapon of 49.3.

Published on: 11/25/2023 – 7:50 p.m.

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The FIFA logo. © Reuters

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