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Tax on Foreign Signings

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Tubey

Allardyce Out
So China are implementing a 100% tax on foreign signings to halt the stupid money being spent over there. If a club is still stupid enough to sign a foreign player for big money, they'll pay the transfer fee over again and the money will go to grass roots development.

http://news.sky.com/story/china-puts-100-tax-on-foreign-stars-in-bid-for-world-cup-glory-10920902

Anyone else think this is a great idea? Not 100% tax, but say 15-20% for clubs in the Premier League? It'd be a massive boon for grass roots football in England and encourage domestic development.

It's like football socialism!
 

A Robin Hood tax. If it drives the prices down and shares the wealth, better that than it ending up in the pockets of agents, players, club executives etc.

Obscene amounts being splashed about considering most of the planet is in abject poverty. I recognise a government actually doing something to stop the madness, for a change, rather than just planning to get its cut. If that's what it is.
 

10% up to £32M thereafter 60%, you know, like tax thresholds - retrospectively activated plus an additional interest charge. Should cost Chelsea, City and United a fair wedge.
 
This, (the Chinese tax thing), is actually zippo do with anything like grass roots footie.

The reality is that the hedge funds and speculators funding a lot of these deals are so over exposed to football as an asset class, their "Government" is terrified that serious losses could derail their project to make China even a little bit better at football.

Think basing your entire national development funding programme on Leeds or Portsmouth models.
 
roydo said:
This, (the Chinese tax thing), is actually zippo do with anything like grass roots footie.

The reality is that the hedge funds and speculators funding a lot of these deals are so over exposed to football as an asset class, their "Government" is terrified that serious losses could derail their project to make China even a little bit better at football.

Think basing your entire national development funding programme on Leeds or Portsmouth models.
Click to expand...

I heard it spun the other way; China wants serious growth in its football league and they realize that investment in development yields better results than investment in aging players. As far as the economics goes, seems like all of China is essentially a state-funded bubble; if they want to keep inflating the bubble it will keep expanding.
 
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