French football clubs planning strike to protest against 'rich tax'
French football clubs planning strike to protest against Hollande's 'rich tax'
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French football clubs are going on strike to protest the French legislations' planned implementation of a 75 percent tax for high earners, claiming it will make them less competitive against European rivals and cause further financial hardship.
According to CNN, the Professional Union of Football Clubs (UCPF) announced Thursday that they will boycott all matches in the top two divisions scheduled between November 29-December 2.
It will be the first such strike in France since 1972, when players protested about their salaries, and will be the first in a major European league since the start of the 2010-11 Italian season was disrupted, the report said.
The 75 percent tax will apply to players who earn more than 1 million euros a year, the report added.
Under the law's initial wording the earners themselves would have had to pay it, but after protests Francois Hollande's Socialist Party government moved the responsibility to their employers, the report further said. (ANI)