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Kylian Mbappe's summer move to Real Madrid appears to be of utmost importance to everyone in Spain
As the transfer saga surrounding Kylian Mbappe continues to captivate the footballing world, new developments suggest that the Spanish government is considering legislative changes to facilitate the French forward's potential move to Real Madrid.
The 'Mbappe Law'
According to reports, a new tax law, colloquially referred to as the 'Mbappe law,' is set to be enacted in the region of Madrid. Similar to the well-known 'Beckham law,' this legislation aims to provide tax incentives for foreign nationals, particularly high earners like Mbappe, who choose to invest in the Madrid area.
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Under the proposed law, foreign nationals who invest in the region of Madrid could enjoy significant tax breaks, potentially reducing their tax burden by up to 20%. For Mbappe, this could translate to substantial savings, allowing him to retain more of his earnings while complying with tax regulations.
Impact on Mbappe's salary
As one of the highest-paid footballers in the world, Mbappe stands to benefit greatly from the implementation of the 'Mbappe law.' By taking advantage of the tax incentives offered, he could effectively lower his tax rate from nearly half of his wages to just 24.5%, a rate comparable to that of an average worker in Madrid.
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The proposed legislation has garnered attention due to its potential ties to Real Madrid and its president, Florentino Perez. Key figures behind the law, including Partido Popular Mayor of Madrid Jose Luis Martinez-Almeida and President of the Community of Madrid Isabel Diaz Ayuso, have close relationships with Perez, raising questions about political influence in football matters.
Projected effects of new law
If implemented, the 'Mbappe law' could attract thousands of high earners to Madrid, bolstering the city's economy and cementing its status as a hub for international investment. Mbappe's potential move to Real Madrid could serve as a catalyst for further economic growth and development in the region.
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As negotiations between Mbappe, PSG, and Real Madrid continue, the prospect of legislative changes to facilitate the transfer underscores the complexities of modern football. Whether the 'Mbappe law' will come to fruition and its impact on Mbappe's decision remain to be seen, but it represents a fascinating intersection of sports, economics, and politics.
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