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To support France's ultimately successful bid to host the Euro 2016 football tournament, ministers back in 2010 promised that the event's governing body UEFA would be exempt from all taxes on its profits. The current government decided to honour that pledge and enshrine it in budget legislation. But though the proposal met with opposition from many MPs in the National Assembly ministers then went even further and extended the exemption to other sports too. The result, reports Dan Israel, is that France has just become a tax haven for international sporting competitions.
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