going back to this, france has a 75% tax rate, our highest is 45%, pigeon maths time (apologies for those with a good understanding of tax)
if these young french kids are earning 10k euros a week then they take home 2.5k euros, we offer them £10k a week, take home is £6.5k, when you apply that to the current exchange rate then it comes to 9k euros a week
the tax rates and the currency conversation rate means we are tripling / quadrupling these kids wages without actually giving them that much money
its almost like the club know what they are doing....
Where did you get the 75% rate? Is there some new luxury tax, I though earnings above €151,000/pa only hit 45% the only difference is that threshold for 45% in the UK is £151,000. Much lower.
Just confused about this 75% rate. Plus you have to remember there are tax free allowances at play also, nothing is as basic as the rates.