NewsExpress advert Yudala banner
Ronaldo enmeshed in $16.5mn tax evasion storm

By News Express on 13/06/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 790

•Soccer star Cristiano Ronaldo.
•Soccer star Cristiano Ronaldo.

Spanish prosecutors officially accused Cristiano Ronaldo, the Portuguese star of the Real Madrid football team, of defrauding the Spanish treasury of more than €14.7 million ($16.5 million) in taxes between 2011 and 2014, they announced in a statement on Tuesday.

Ronaldo, the four-time Ballon d’Or winner, is accused of using “business structures” in Ireland and the British Virgin Islands to hide nearly €150 million ($168 million) in income he earned through selling the rights to his image.

The 32-year-old is the highest paid athlete in the world, according to Forbes. Last year he secured a contract with Real Madrid for more than $50 million per year for the next four years and scored a lifetime deal with Nike worth more than $1 billion.

According to the statement, Ronaldo took advantage of what is known as “the Beckham law” in Spain, which allows foreign athletes to pay an income tax rate of 24 percent, rather than the 48 percent applied to Spanish nationals.

Yet prosecutors insist Ronaldo’s alleged offshore banking was a “voluntary” and “conscious” way to avoid paying taxes in Spain.

Ronaldo is not the first Spanish football player to be hit with tax fraud accusations. Last year Ronaldo’s rival, Lionel Messi from the Barcelona football team, was found guilty of defrauding Spain of €4.1 million ($4.5 million) in taxes and was handed a fine and 21-month prison sentence.

However, Messi did not serve time behind bars, due to the Spanish legal convention which allows first-time, non-violent offenders with a less than two-year conviction to remain free.

Ronaldo is yet to make a public statement but denied allegations of massive tax fraud in December, after leaked documents suggested that he used offshore accounts to avoid paying taxes. (Anadolu Agency)

Source News Express

Posted 13/06/2017 8:51:51 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
NSCDC arrests producer of fake olive oil, husband...

Kaduna Assembly speaks on alleged plan to impeach...

Obama meets with Buhari, commends fight against corruption...

Senate to FG: Service debts of local contractors...

MD School gets British Council International School Award...

Police parades 15 suspected cultists, armed robbers in...

Kaduna relaxes Zangon-Kataf curfew

PDP distances self from arms, ammunition proliferation in...

TY Danjuma demands arrest of Tompolo, Dokubo, other...

Cameroonian Army overwhelms Boko Haram, kills 143

Interracial couple in Washington stabbed after they are...

Obiano’s many lies in Silverbird TV documentary

 

Latest News EFCC grabs ex-Army Chief Ihejirika over alleged N13bn fraud I slept with 1,400 girls, impregnated 600 in Nigeria, 5 other African countries — French tourist 2 pupils die in Abuja school after eating party biscuits NUC grants Maritime University approval to begin undergraduate programmes One dead as suspected cultists attack LASPOTECH Nigeria warns on ECOWAS currency integration Supreme Court lambasts EFCC’s lawyer over incompetent application More than 6bn people live in corrupt countries, study shows Enugu psychiatric hospital official docked over alleged N14m job scam Replicate NLNG model to increase gas sector opportunities — Deputy MD Call Belema Oil, Robo Michael to order, MOSOP urges President Buhari APC berates PDP over ‘wild allegations on state of the nation’

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (325,983 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (317,650 views) Shameless Genevieve Nnaji exposes breasts in public (254,337 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (208,644 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (194,626 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (187,532 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (163,207 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (146,481 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (140,273 views) Lagos plane crash: Journalist releases victims’ names (129,418 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (127,901 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (123,018 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,898) Business Verdict (33) Columnists (804) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (446) Features (549) Global Business Monitor (226) International (1,799) Interviews (143) Live Commentary (28) Love Matters (105) News (33,020) Opinion (883) Pidgin (10) Politics (4,511) Religion (681) Sports (1,438) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement