The Egyptian star, Mohamed Salah, the Liverpool player, and his Portuguese counterpart, Cristiano Ronaldo, will receive millions of pounds annually, after the British government’s decision to reduce income tax on high-income earners, starting from April 2023.
On Friday, British Chancellor of the Exchequer Kwasi Kwating announced the unification of tax brackets for high-income earners at 40 percent for those with high incomes, and the abolition of the top income tax limit of 45 percent.
Mohamed Salah, who receives about 400,000 pounds per week, as well as Cristiano Ronaldo, will be the biggest beneficiaries of the British Treasury’s decision, as each of them will receive an additional 1.3 million pounds annually as a result of the change in the amount of net income.
Salah renewed his contract with Liverpool last July for an additional 3 years, and the new contract placed him as the most paid player in Liverpool, while Manchester United has paid 400,000 pounds per week to Ronaldo since his return to Old Trafford last summer.
A report published by “The Times” indicates that the average Premier League players get 4 million pounds a year after tax, but this number will rise against the background of tax cuts.
Another study, conducted by the accounting company EY, indicated that Premier League players paid 1.4 billion pounds in taxes during the 2019-2020 season, while the newspaper “Daily Mail” believes that players’ salaries will rise by about 240,000 pounds annually, which will make the Premier League The most attractive destination for foreign talent.