Cristiano Ronaldo Facing 14.7m Euros Tax Lawsuit from Spanish Prosecutor's Office

Spain's Prosecutor's Office in Madrid has filed a tax fraud lawsuit against Real Madrid star Cristiano Ronaldo. Ronaldo is alleged to have defrauded Spanish authorities of 14.7m euros between 2011 and 2014. In a statement, the prosecutor's office said Ronaldo had knowingly used a "business structure" created in 2010 to hide his income in Spain from his image rights.

The lawsuit is based on a report sent to the prosecutor's office from Spain's tax agency AEAT, it said.

Prosecutors accuse the Portugal international of evading tax via a shell company based in the British Virgin Islands and another in Ireland, known for its low corporate tax rate.

In addition, they say he only declared 11.5million Euros of Spanish-related income from 2011 to 2014, while what he really earned during that time was close to 43m Euros.

They also accuse him of "voluntarily" refusing to include 28.4m euros in income linked to the sale of his image rights for the 2015 to 2020 period to a Spanish company.

Credit: skysport

Comments

Roma Midfielder Signs New Deal with Italian Club

Roma midfielder Radja Nainggolan has signed a new four-year contract with the Serie A club. The 29-year-old Belgium international had been linked with Manchester United in Italian media, while Chelsea were also reported to be interested. This was coupled by suggestions that Nainggolan was growing impatient with the numerous delays in receiving a contract proposal from the capital club. However, the 29-year-old has put any doubts about his future to bed by extending his contract until 2021, in a deal that will see him earn €4.5 million per season, including bonuses, according to La Gazzetta dello Sport. "I think I have demonstrated that this is what I always wanted," Nainggolan said. "I'm very happy that the club and I can continue our adventure and move forward together." Nainggolan has played 161 times for Roma since joining from Cagliari in 2014. Nainggolan becomes the third senior central midfielder to extend their contract at Roma th...

Alexis Sanchez is just what Manchester United Need, Says Fortmer Tottenham Manager

The signing of a proven world-class forward such as Alexis Sanchez is just what Manchester United need to compete for the biggest prizes, former Tottenham manager Gerry Francis has said. Sanchez, 29, joined United on a four-and-a-half-year contract from Arsenal on Monday, 22 January, with Henrikh Mkhitaryan moving in the opposite direction in a straight-swap deal. "Sanchez is a real goal-scorer, he's talented and he's aggressive around the box and he makes things happen, he can pull teams through," he told Sky Sports.Francis described the Chilean forward as a match-winner who will aid United in their quest to win silverware by adding some much-needed potency to their attack. "It's [about] the present, you're looking to win trophies and looking to win competitions and, sometimes, you need to buy and have the finished article and Sanchez is certainly that. "It just makes them as a squad that much stronger. Certainly, a much bigger goal-threat with Sa...

Tiemoue Bakayoko is a Better Player than Nathaniel Chalobah, Insists Antonio Conte

Antonio Conte has been forced to defend his Chelsea transfer policy after replacing homegrown youngster Nathaniel Chalobah with the £40million signing of Tiemoue Bakayoko. The Blues have long been criticised for favouring big-name and big-money transfers over promoting their own youth talent, and the purchase of Bakayoko whilst selling Chalobah looks to be the latest example. Chalobah, 22, played 15 games for Chelsea last season but struggled to hold down a regular place in the side before a £5m move to Watford this summer. Conte, however, insists that Bakayoko is a major upgrade given his experience of winning major honours and competing in the biggest competitions such as the Champions League. ‘I think, honestly, at this moment there is a great difference between the two players,’ Conte said. ‘You are talking about one player who has played with Monaco, who has maybe 100 appearances for that club. ‘He has played in the Champions League and has played regularly. ...

Plauseorminus

Search This Blog