Cristiano Ronaldo left Madrid due to Spain’s high tax rate, claims La Liga chief

Cristiano Ronaldo made headlines world-wide when he left Real Madrid after nine years to sign for Serie A champions Juventus for €100m.

The player broke several records during his time in Spain and is Real Madrid’s highest ever goalscorer, but according to La Liga’s president, the move was motivated by more than just the player seeking a new challenge.

Javier Tabas believes the financial incentives of a Italy’s lower tax rate was the true reason the Portuguese star left for pastures new.

“Ronaldo will earn more money in Italy than here (in Spain) so we are at a disadvantage,” Tebas told an interview with Marca.

“It is a problem for us because it restricts us from competing in an international market, as players will make more in net in other countries than they do here.

“Spain is the worst of all the big leagues for tax purposes, as the players are losing big sums of money compared to elsewhere.

“We must question this because it is penalising us on what we have the potential to do.”

Spain’s top tax bracket sits at 52% compared to the 46% in Italy meaning players can earn a lot more in Serie A, but Ronaldo cited needing a new opportunity as the reason for heading to Turin.
Read more at http://www.squawka.com/en/news/cristiano-ronaldo-left-madrid-due-to-spains-high-tax-rate-claims-la-liga-chief/1048733#7As814B9K5KvzowI.99

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