Tuesday, November 3rd, 2009
Spain to begin debating whether to end "Beckham Law" tax rule for soccer players
MADRID, Spain - Spain is set to begin debating whether to put an end to the "Beckham Law" that allows foreign soccer players to pay nearly half as much tax as regular citizens.
The governing Socialist party made a pact in parliament Tuesday with two other parties to debate whether foreign players who earn at least 600,000 euros (C$941,830) should pay 43 per cent tax instead of the current 24 per cent.
The law was named after former Real Madrid player David Beckham. The England midfielder was the first foreigner to arrive after the law came into effect in 2004.
Spanish league president Jose Luis Astiazaran told The Associated Press that players may opt to move countries if the law is changed, adding that it could "kill" the league.
