The Community of Madrid is reportedly set to introduce a new ‘Kylian Mbappe law’ after the Frenchman’s transfer from Paris Saint Germain to Real Madrid.
A club statement read: “Real Madrid CF and Kylian Mbappe have reached an agreement whereby he will be a Real Madrid player for the next five seasons.”“Nobody can understand how excited I am right now. Can't wait to see you, Madridistas, and thanks for your unbelievable support.
It is believed to be similar to the ‘Beckham law’, which was introduced in 2005. That law contained a tax regime that allowed foreigners who moved to Spain to work to pay a fixed personal income tax fee of 24% regardless of income.The report stated: “The Community of Madrid has been processing this new law for a long time and is in the final stretch of its approval in the Assembly of Madrid.
However, a professor of Financial and Tax Law at the Universitat Rovira i Virgili claimed that the approval of the ‘Mbappe law’ could lead to Madrid being a tax haven for the rich. Xabi Alonso breaks silence on turning down Liverpool job for first time since Arne Slot was appointedLA Galaxy are signing Marco Reus on a free transfer but they must pay a fee to another MLS side.Adam Wharton sets stunning England record on his debut for the Three Lions ahead of Euro 2024Kylian Mbappe to wear No.