Cristiano Ronaldo accused of €15m tax fraud

Dhaka,  Mon,  25 September 2017
Published : 13 Jun 2017, 19:48:03 | Updated : 13 Jun 2017, 19:54:53
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Cristiano Ronaldo accused of €15m tax fraud

Cristiano Ronaldo accused of €15m tax fraud
Cristiano Ronaldo faces a lawsuit filed on Tuesday by Spain's prosecutor's office in Madrid for allegedly defrauding Spanish tax authorities of 14.7 million euros between 2011 and 2014.

The prosecutor's office said in a statement that the Real Madrid forward had knowingly used a business structure created in 2010 to allegedly hide his image rights income in Spain.

This involved a “voluntary” failure to comply with his tax obligations in Spain, the statement from the office's economic crimes section said. The four counts of tax fraud were based on a report from Spain’s tax agency, it said.

Real Madrid declined to comment and calls to the agency representing Ronaldo, Gestifute, went unanswered.

Ronaldo, who led Real Madrid to their 12th European Cup earlier this month, is the latest in a long line of soccer players in Spain – among them Barcelona's Lionel Messi and Neymar – who have been caught up in cases over tax or transfers.

Between 2005 and 2010, foreign players in Spain were protected under the so-called “Beckham law” allowing them to curb their taxes. But as the financial crisis bit deeper, that exemption was lifted, paving the way for the cases, according to Reuters.

 
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