Zinedine Zidane defends François Hollande’s 75 per cent tax plan

“I live in Spain, I pay my taxes like everyone. Today, with what’s
happening (the economic crisis), they are going to ask for money from people
who have it. It’s logical,” he said.

According to French media, the proposed tax will affect up to 150 French
football players.

Not all French players are happy to pay up. “It’s shooting successful
people in the foot,” Paris Saint-Germain defender Christophe Jallet
recently complained.

More than three fifths of the French approved of the super high tax rate in
one poll during the French presidential campaign. Some have warned it will
lead to an exodus of high earners.

Mr Hollande is due to raise taxes by 29 billion euros in the next 18 months as
he seeks to bring down France’s state deficit to 4.5 per cent of GDP by
2013. But with slower than expected growth forecasts, economists say he will
have no option but to make drastic public spending cuts.

Le Figaro today said it had obtained secret government plans not to replace
two out of three retiring civil servants bar in education, justice and
security. President
Hollande
said the reported plan was “unbelievable”.

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