AC MILAN VICE-PRESIDENT Adriano Galliani has blamed the Spanish tax system after revealing that hopes of bringing Kaka back to the San Siro from Real Madrid are dead in the water.
“The deal for Kaka is off, we were waiting to hear from a tax man in Spain and we got his reply today. The deal is off because it is too risky,” Galliani told Milan’s official website.
The website continued: “After a year in Italy the so-called ‘Beckham Law’ would no longer have applied meaning that Kaka’s taxes would have risen drastically as Italian tax laws state making it virtually impossible for the Rossoneri to make such an investment.”
Advertisement
Kaka left the Rossoneri for Real Madrid in 2009 for a reported 65 million euros ($81.7m), but has endured a difficult spell in Spain, with injuries and loss of form seeing him fall down the pecking order under Jose Mourinho.
The ‘Beckham Law’ was introduced in Spain in 2005 as a means of attracting foreign workers into the country by considerably reducing their tax liabilities.
Milan did complete one signing on Tuesday, however, with France U21 international striker Mbaye Niang, 17, signing from Caen on a three-year deal.
“He can play in every role up front. He will train with [coach Massimiliano] Allegri and the first team and we think he is a good player although I always prefer to wait six months before I make up my mind on new signings.”
Niang had also been linked with English Premier League clubs Arsenal — with whom he spent time on trial earlier this summer — and Everton.
He made his Ligue 1 debut with Caen aged 16 in April, 2011, and went on to make a total of 30 top-flight appearances, scoring five goals.
Milan move for Kaka off - Galliani
AC MILAN VICE-PRESIDENT Adriano Galliani has blamed the Spanish tax system after revealing that hopes of bringing Kaka back to the San Siro from Real Madrid are dead in the water.
“The deal for Kaka is off, we were waiting to hear from a tax man in Spain and we got his reply today. The deal is off because it is too risky,” Galliani told Milan’s official website.
The website continued: “After a year in Italy the so-called ‘Beckham Law’ would no longer have applied meaning that Kaka’s taxes would have risen drastically as Italian tax laws state making it virtually impossible for the Rossoneri to make such an investment.”
Kaka left the Rossoneri for Real Madrid in 2009 for a reported 65 million euros ($81.7m), but has endured a difficult spell in Spain, with injuries and loss of form seeing him fall down the pecking order under Jose Mourinho.
The ‘Beckham Law’ was introduced in Spain in 2005 as a means of attracting foreign workers into the country by considerably reducing their tax liabilities.
Milan did complete one signing on Tuesday, however, with France U21 international striker Mbaye Niang, 17, signing from Caen on a three-year deal.
“He can play in every role up front. He will train with [coach Massimiliano] Allegri and the first team and we think he is a good player although I always prefer to wait six months before I make up my mind on new signings.”
Niang had also been linked with English Premier League clubs Arsenal — with whom he spent time on trial earlier this summer — and Everton.
He made his Ligue 1 debut with Caen aged 16 in April, 2011, and went on to make a total of 30 top-flight appearances, scoring five goals.
(c) AFP, 2012
Joey Barton’s move to Marseille is off, says ‘heartbroken’ Joey Barton
The Departures Lounge: Spurs look to splash Modric cash
To embed this post, copy the code below on your site
Adriano Galliani Beckham Law Caen Kaka Massimiliano Allegri Mbaye Niang Real Madrid CF Rumour Mill San Siro Milan