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ashlynhenderson0323
ashlynhenderson0323
06.01.2020 • 
Business

In 2014, the spanish government passed a law to change a regulation, known as the "beckham law" on foreign athletes. this new law will require foreign professional athletes to pay the standard spanish tax rate of exist2 percent on earnings of more than 300,000 euros, up from the 24 percent rate they had been paying since 2005. for top-quality payment, the elasticity of migration under the beckham law was estimated to be 1.81 based on the average annual tax rate. using this estimate of elasticity, the migration of top quality players to spain should decrease by %. round your response to the nearest two decimal places.

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