Why are we asking you to sign in? Find out more here
By continuing, you are indicating that you accept our Terms of Service and Privacy Policy .
Why are we asking you to sign in? Find out more here
By continuing, you are indicating that you accept our Terms of Service and Privacy Policy .
Is Zurich about to end the FIFA party?
AN ARTICLE BY Peter Aeschlimann in Time Magazine (originally published in Tages Anzeiger) looks at the growing sense of disillusionment with which the citizens of Zurich are beginning to view international football’s governing body.
Based in Zurich since 1927, FIFA was leased a new premises in the Sonnenberg area of the city in 1996. It is the charity use of this site, and its flagrant abuse of the various civic stipulations under which it was leased, that’s providing the legal basis for the bill.
“In 1996, FIFA leased the Sonnenberg site from the city for 60 years with a right to build. Later, however, it moved its offices into larger premises. Since 2006, it has been using the Sonnenberg property as a convention center and pays the city 200,000 Swiss francs (about 250,000 dollars) in interest a year…
The story of the Sonnenberg restaurant reads like an account of FIFA’s administrative misdeeds in microcosmic form. The organisation currently pays around $2.1m on over $1.2b in equity. Due to its classification as a charity, it currently pays no tax on its sizable annual profits.
Balthasar Glätti, one of the couple of council members sponsoring the bill, expresses the concerns of many when he says:
Were FIFA to be taxed as a business, it would have raised in excess of $71m in additional revenue for the Canton of Zurich last year.
For more information read this story at Time Magazine>
Catch up with all the movers and shakers in today’s Departures Lounge>
Watch Ron Artest do stand-up comedy>
To embed this post, copy the code below on your site
Chancers Decadence FIFA Switzerland Zurich