According to The Sun, the UK’s Labour Party is currently mulling over a new proposal that could result in Premier League clubs having to pay millions of pounds in additional taxes on transfers.
The proposed legislation would see a 10% tax imposed on Premier League clubs’ transfer dealings, with the aim of reforming football finances. If implemented, this policy could generate hundreds of millions of pounds annually, which would be allocated to financially struggling lower-league teams.
In 2021, it was estimated that such a policy, if in place for five years, could have raised around £160 million for redistribution. Now, the idea has resurfaced and moved closer to becoming a reality. The bill also includes a provision banning clubs from participating in breakaway competitions like the failed Super League, deemed as “separatist” ventures.
The Labour leadership stated, “Our football governance bill will put fans at the heart of the debate about the future of English football. We are lucky to have historic football clubs rooted in communities across the country. But too often, clubs and fans alike are let down by the barrenness within the football pyramid. That’s why we’re legislating for the long-awaited independent regulator for football that people have been calling for.”
UK Labour Party Considers New Bill That Could Force Premier League Clubs to Pay Transfer Tax. Author：Sports UEFA.Please indicate the source when reproduced：https://www.sportsuefa.com/football-world/uk-labour-party-considers-new-bill-that-could-force-premier-league-clubs-to-pay-transfer-tax.html
