Beckham's taxless 'charity' deal with PSG raises political storm in France

London, Feb. 5 (ANI): Football star David Beckham has landed in a row over taxes after his move to play football in Paris.

The 37-year-old said he will receive just the minimum amount while the rest of his pay package is donated to charity.

According to the Daily Mail, the deal means that high French taxes do not make a dent in his fortune, while he will be playing for Paris St Germain.

This has angered many French, including one MP who mocked Beckham's accountant for saying that the former England captain will work for only 2,000 pounds a month.

Conservative Gerald Darmanin said that he will be paid less than his parliamentary assistant

Under French law PSG must pay Beckham the minimum wage so that national insurance and other charges go to the government.

Beckham's arrangement involves limiting his contract to five months, keeping his family based in London, and saying he will give his salary to charity.

All of this enables both Beckham and PSG to concentrate on making millions from the ex-England captain's image rights, while paying far less tax.

The 2,000-pounds-a-month salary represents the minimum wage for professional footballers in France.

According to the report, Beckham will give about 700,000 pounds a month of wages to charity, but it is understood that PSG will pay this direct, and not the player.

This, along with the fact Beckham will not live in France for longer than six months, ensures he will not become liable for a 1.5 percent tax on his worldwide income and estimated wealth of 200 million pounds, a possible bill of three million pounds.

Jerome Guedj, a Socialist MP, insisted that France would benefit in the long run from Beckham being in Paris.

Both Beckham and PSG will be able to make money from the ex-England captain's image rights and other commercial activities.

His share of merchandising rights is likely to be paid into one of the three London-based companies, the report added. (ANI)

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