Serie A loses the equivalent of ‘Beckham Law’ impacting foreign players’ tax benefits

Serie A has abolished its "Beckham Law" (Crescita Decree), a 50% tax discount for high-income foreign earners, to boost competitiveness. The decision comes amid concerns from AC Milan CEO Giorgio Furlani and Lazio president Claudio Lotito, who fear the law could lead to the collapse of major teams like Milan, Juventus, and Roma.

Zor

December 30, 2023

Serie A has discontinued its equivalent of the “Beckham Law” after discussions with the Italian government. The law, officially known as the Crescita Decree, provided a 50% tax discount for high-income foreign earners in Italy. Similar to Spain’s “Beckham Law,” it aimed to attract foreign footballers to the league, fostering competitiveness.

However, recent discussions in the Italian Council of Ministers have led to the abolishment of this tax benefit. The decision comes as a surprise to several Serie A clubs that relied on the law to attract top talents globally. AC Milan’s CEO, Giorgio Furlani, expressed concern, stating that ending the Crescita Decree would be detrimental to Italian football.

Lazio president Claudio Lotito emphasized the potential collapse of major teams like Milan, Juventus, and Roma due to the rule change. While some in football are alarmed by the impact on competitiveness, Italian politicians considered keeping the law in place as “immoral” during the Council of Ministers’ discussions.

Breaking down the ‘Decreto Crescita’ situation that could SET SERIE A BACK 🇮🇹💸

It’s being reported that the Italian government will NOT extend the Decreto Crescita (Growth Decree), so it will expire on December 31st.

The Decreto Crescita was introduced by the Italian… pic.twitter.com/nz57PnR6Iz

— Italian Football TV (@IFTVofficial) December 28, 2023