Skip to content
International Adviser
  • Contact
  • Login
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • Directory
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

SIGN IN INTERNATIONAL ADVISER

Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details

[login-with-ajax]
Not Registered?

bend it like beckham accused of french tax dodge

25 Feb 13

Football superstar David Beckham is reportedly being investigated by the French tax authorities over claims that his decision to have wages paid by his new club Paris St Germain directly to charity are simply an elaborate tax dodge.

Football superstar David Beckham is reportedly being investigated by the French tax authorities over claims that his decision to have wages paid by his new club Paris St Germain directly to charity are simply an elaborate tax dodge.

According to a number of media outlets, including the UK’s Daily Mail, the club’s managing director Jean-Claude Blanc has admitted that a “formal discussion” is already taking place between PSG and France’s “fiscal administration”.

Beckham only signed the deal with PSG at the end of last month and it is unusual for French authorities to speak to wealthy individuals about their tax affairs so soon after they begin working in the country.

However, news that Beckham would be giving his nominal £700,000 salary to children’s charities was met with some derision when first announced, with Conservative MP Gerald Darmanin pointing out it would mean Beckham is paid “less than my parliamentary assistant”.

The concerns over Beckham’s apparent goodwill gesture hang on whether his planned donations are in fact a ploy to avoid a 1.5% tax in France on his worldwide earnings – a tax which would cost him around £3m this year.
 

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Latest news

    UK government confirms pre-1997 indexation for PPF members

    Guernsey flag

    Industry

    Guernsey financial regulator to increase fees by 3.9%

  • Europe

    Hoxton Wealth: Two overlooked measures in UK Budget that could impact expats

    Industry

    Skybound Wealth unveils dedicated cross-border support desk within Athletes & Creators division


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.