Sport
Revealed: details of the AFL’s new footy tax – The Age
Under the new tax, clubs that spend more than $500,000 over the cap on football spending would be slugged by a tax of 200 per cent for every dollar over that amount in the first year.
But if a club repeats the over-spend between $100,000 and $250,000, then it will be hit with a tax of 150 per cent in the second year, and 200 per cent in the third year.
In the event that a club spends between $250,000 and $500,000 over the limit, the tax increases to 150 per cent (or $1.50 per dollar) in the first year of exceeding the cap. This becomes 225 per cent, or two and a quarter times the amount over the cap in year two and then 300 per cent triple the amount over the cap in the thir…
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