NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Tax evasion: Spanish taxmen comb Messi’s accounts again

By News Express on 13/01/2018

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

Views: 614

•Soccer star Lionel Messi
•Soccer star Lionel Messi

Lionel Messi’s problems with the Spanish tax authorities are far from being over as the accounts of his foundation come under scrutiny.

The tax authorities are investigating whether payments from FC Barcelona to Lionel Messi’s foundation were used to help the player evade taxes, Spanish daily El Mundo reported on Saturday.

The newspaper, which has acquired Football Leaks documents, reported that the club gave the foundation “at least 12.7 million euros ($15.5 million) between 2010 and 2016”.

The paper said that the payments from Barca represented 71.5 percent of the foundation’s revenue between 2013 and 2016.

The foundation says on its website that it “was created in 2007 with the wish that all children should have the same opportunities to make their dreams come true, and to promote equality in education and health.”

Between 2010 and the official registration of the foundation in June 2013, the club reduced the corporate tax they paid on the money by 35 percent, in line with rules on donations to charities.

Those payments raised the suspicions of the authorities which, in January 2016, began to investigate whether the money had been “remunerative” and evaded corporate and income tax. In April 2016, tax investigators visited the Barcelona offices — not for the first time in recent years.

After the official scrutiny began, the club stopped making the deductions from their donations and started withholding 45 per cent for taxes suggesting, the newspaper said, that the payments “were considered part of the salary” of the Argentine star.

El Mundo said that the club had urged Messi, already being investigated for a 4.1 million-euro tax fraud relating to his image rights, to “regularise the donations to his foundation”. In the image rights case, Messi and his father, Jorge, were found guilty in 2016.

El Mundo said that, by law, 70 percent of a charity’s revenue should be spent on the aims for which it was created but a report in another Spanish newspaper, ABC, found the foundation’s accounts were full of gaps but included large sums spent on external consultants, rent and refurbishing its offices or transferred to its branch in Argentina.

According to documents examined by El Mundo, a tax settlement was paid to the Spanish treasury, in theory by Messi but ultimately by Barca, which made up the amount in a complex transaction days before the player signed a new contract last November.

That contract, which runs until 2021, will pay Messi more than 100 million euros a year including salary and image rights according to information published on Friday by the European Investigation Collaborations, which includes El Mundo. (NAN)

 

Source News Express

Posted 13/01/2018 9:29:52 PM

 

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


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Amaechi’s 8 years as governor a waste? An...

Tambuwal warns council chairmen against hiding in hotels...

Senate passes Whistle Blowers Protection Bill

European development bank eyes Africa for next wave...

NLC tasks South African govt. on immigrants’ safety...

TY Danjuma’s outburst: Army sets up panel to...

It will be a hazy, cloudy Saturday: NiMet...

Ebonyi community drags army, police to court, demands...

FG releases N1.6bn for states ravaged by flood...

MOSOP President berates military over invasion of Ogoni...

Barcelona land in Champions League final; beat Bayern...

BREAKING NEWS: 2Face bows to pressure, cancels anti-government...

 

Latest News 15 feared dead as rival cults clash in Awka •11 suspects in police net Nnamdi Kanu and Nigerian Army: Judicial lessons from America, By Russel Andrew Crowe Senate 2019: If Lola Ashiru runs... Herdsmen ambush troops in Benue; kill 2 soldiers, abduct others Queen of bloggers Linda Ikeji heavily pregnant (See photos) Man beaten to death for allegedly killing cow Buhari to lead one-million-man Democracy Walk Tax evaders have two months left to pay through VAIDS or risk severe punishment — FG FG approves 6 additional fertilizer blending plants JAMB fixes date for rescheduled examinations for over 12,000 candidates Shell, partners spend N14.85bn on GMoUs in Rivers FG set to terminate contracts of defaulting contractors — Fashola

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (344,976 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (341,614 views) Shameless Genevieve Nnaji exposes breasts in public (273,104 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,526 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,015 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,510 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (176,718 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,027 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,050 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,202 views) Lagos plane crash: Journalist releases victims’ names (139,851 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,257 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (40) Business & Economy (3,137) Business Verdict (43) Columnists (853) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (594) Global Business Monitor (273) International (1,964) Interview (149) Live Commentary (28) Love Matters (120) News (35,454) Opinion (954) Pidgin (10) Politics (5,026) Religion (742) Sports (1,512) Stock Watch (28) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement