Spanish state prosecutor accuses Ronaldo of tax fraud

Share

Ronaldo faces four charges regarding tax returns filed from 2011 to 2014, with the prosecutor alleging that the 2016 Ballon D'Or victor defrauded Spain out of some 14.7 million Euros in unpaid taxes.

"The accused took advantage of a company structure created in 2010 to hide from the tax authorities income generated in Spain from his image rights, which is a "voluntary" and "conscious" breach of his fiscal obligations in Spain", the statement said.

Cristiano Ronaldo's representatives have strongly denied an accusation that the Real Madrid forward concealed earnings and defrauded the Spanish tax authorities out of €14.7million.

"Real Madrid C.F. are absolutely convinced that our player, Cristiano Ronaldo, will prove his total innocence in this process". [Cristiano Ronaldo has never] had a tax problem, contrary to what the Spanish prosecutors insinuate.

They also alleged that Ronaldo greatly reduced his tax rate by falsely reporting that some of his income came from real estate.

More news: Kansas' Jackson, Duke's Tatum headline forwards in NBA draft

The structure allegedly used by the footballer involved setting up a company to manage his image rights in the British Virgin Islands, which then transferred the rights to a second company in Ireland.

"It is clear that the football player did not try to evade taxes", Ronaldo's Gestifute management company said. The court found Messi had funneled income earned from his image rights through countries such as Uruguay, Switzerland and Belize, evading more than 4 million euros in taxes from 2007 to 2009.

Argentina worldwide and Barcelona forward Lionel Messi was sentenced to a 21-month jail sentence and 2.09- million-euro fine a year ago for tax fraud.

Archrival, Lionel Messi and his Father Jorge Messi were sentenced last July sentenced to 21 months imprisonment for tax invasion.

The former Manchester United player has helped Real Madrid to back-to-back Champions League titles and its first Spanish league in five seasons, in addition to being a part of Portugal's winning squad at last year's European Championship.

Share