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| To Lure FIFA, France Floats the Promise of a Tax-Free Home | To Lure FIFA, France Floats the Promise of a Tax-Free Home |
| (32 minutes later) | |
| Call it a friendship with extremely generous benefits. | Call it a friendship with extremely generous benefits. |
| French lawmakers this week are considering a plan promoted by the government of President Emmanuel Macron that would encourage international sports bodies to move to the country by promising them what critics have labeled a “tax gift” unavailable to most French companies and citizens. | French lawmakers this week are considering a plan promoted by the government of President Emmanuel Macron that would encourage international sports bodies to move to the country by promising them what critics have labeled a “tax gift” unavailable to most French companies and citizens. |
| The plan, offered as an amendment to the government’s 2024 budget, would reward organizations that relocate by exempting them, and their employees, from a broad swath of corporate, property and income taxes — savings that could be worth millions of dollars every year. | The plan, offered as an amendment to the government’s 2024 budget, would reward organizations that relocate by exempting them, and their employees, from a broad swath of corporate, property and income taxes — savings that could be worth millions of dollars every year. |
| Potential beneficiaries include the governing bodies of a broad range of sports, including more than 30 international federations recognized by the International Olympic Committee. But both supporters and detractors of the tax breaks said that they were aimed at luring one governing body in particular: FIFA. | Potential beneficiaries include the governing bodies of a broad range of sports, including more than 30 international federations recognized by the International Olympic Committee. But both supporters and detractors of the tax breaks said that they were aimed at luring one governing body in particular: FIFA. |
| FIFA, world soccer’s governing body, has been based in Zurich since 1932. But in recent years, its leadership has discussed a relocation to greener pastures amid frustrations with life in Switzerland, which was the site of not only its growth into a billion-dollar commercial juggernaut but also its greatest scandal. | FIFA, world soccer’s governing body, has been based in Zurich since 1932. But in recent years, its leadership has discussed a relocation to greener pastures amid frustrations with life in Switzerland, which was the site of not only its growth into a billion-dollar commercial juggernaut but also its greatest scandal. |
| Aware of that discontent at its highest levels, France is hoping to bring FIFA — which was born in Paris in 1904 — home. |