Cristiano Face $16.5m tax fraud
Cristiano Ronaldo accused of $16.5m tax fraud in Spain
Spain's prosecutor's office in Madrid has filed a lawsuit against footballer Cristiano Ronaldo for allegedly defrauding Spanish authorities of €14.7m ($16.5m) in unpaid taxes between 2011 and 2014. 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 said, adding that the Portugal forward used what it deems a shell company in the Virgin Islands to "create a screen in order to hide his total income from Spain's Tax Office".
The prosecutor also said that Ronaldo "intentionally" did not declare income of €28.4m ($31.8m) made from the cession of image rights from 2015-20 to another company located in Spain. Additionally, the prosecutor accused Ronaldo of declaring €11.5m ($12.8m) earned from 2011-14 in a tax return filed in 2014, when the prosecutor said Ronaldo's real income during that period was almost €43m ($48m).
The lawsuit said, adding that the Portugal forward used what it deems a shell company in the Virgin Islands to "create a screen in order to hide his total income from Spain's Tax Office".
The prosecutor also said that Ronaldo "intentionally" did not declare income of €28.4m ($31.8m) made from the cession of image rights from 2015-20 to another company located in Spain. Additionally, the prosecutor accused Ronaldo of declaring €11.5m ($12.8m) earned from 2011-14 in a tax return filed in 2014, when the prosecutor said Ronaldo's real income during that period was almost €43m ($48m).
Post a Comment