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Saturday, June 17, 2017

Cristiano Ronaldo Accused Of 14.7 Million Euro Tax Evasion

Cristiano Ronaldo  was on Tuesday June 13,2017 accused of a 14.7 million euro tax evasion through offshore companies, the public prosecutor's office in Madrid announced. The Portuguese footballer was accused of "four crimes against the public treasury between 2011-14... which involves tax fraud of 14,768,897 euros ($16.5m, £12.9m)", the office said in a statement. "The accused took advantage of a company structure created in 2010 to hide income generated in Spain from his image rights from tax authorities, which is a 'voluntary' and 'conscious' breach of his fiscal obligations in Spain," it said.
Prosecutors accuse the 32-year-old Portugal forward, who is the world's highest-paid athlete according to Forbes magazine, of evading tax via two companies based in the British Virgin Islands and Ireland. Ronaldo is the latest football star to fall foul of Spanish tax authorities.

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