French up in arms on Becks tax
Posted Tuesday, February 05, 2013 by The Sun
David Beckham ... five-month deal
DAVID Beckham was at the centre of a political row in France yesterday for shielding his fortune from the taxman.
Becks, 37, who has signed for Paris St Germain, will avoid France’s new 75 per cent tax on the rich by giving his £700,000-a-month wages to charity. He is limiting his contract to five months and keeping his family in London so he is not considered resident in France.
This will ensure he is exempt from French taxes on his global income. Becks — worth £200million — will also avoid a 1.5 per cent wealth tax on his and wife Victoria’s fortune, saving £1MILLION.
French MP Gerald Darmanin rapped the new tax, saying: “I’d rather get 50 per cent of a lot than 75 per cent of nothing.”
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