Friday, June 23, 2017 | ePaper

Spanish state prosecutor charges Ronaldo with tax fraud

  • Print


AP, Madrid :

A Spanish state prosecutor accused Real Madrid forward Cristiano Ronaldo of defrauding Spain's tax office of 14.7 million euros ($16.5 million) in unpaid taxes on Tuesday.
In a statement, Madrid's regional state prosecutor accused Ronaldo of four accounts of tax fraud from 2011-14.
It said the Portugal forward "took advantage of a business structure created in 2010 to hide from fiscal authorities income generated in Spain from image rights."
The statement said Ronaldo 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 28.4 million euros ($31.8 million) made from the cession of image rights from 2015-20 to another company located in Spain.
Additionally, the prosecutor accused Ronaldo of declaring 11.5 million euros ($12.8 million) earned from 2011-14 in a tax return filed in 2014, when the prosecutor said Ronaldo's real income during that period was almost 43 million euros ($48 million). It added that Ronaldo falsely claimed the income as coming from real estate, which "greatly" reduced his tax rate.
Ronaldo's agency had previously said he was up to date on his taxes.
Last month, tax officials said Ronaldo adjusted his tax declarations and paid an extra 6 million euros ($6.7 million) in 2014.
A four-time Ballon d'Or winner, the 32-year-old Ronaldo is Europe's leading soccer player. He has led Madrid to back-to-back Champions League titles and its first Spanish league in five seasons, and helped Portugal to win last year's European Championship.
Ronaldo is the latest high-profile soccer player to run afoul of Spain's tax man.
Barcelona forward Lionel Messi was convicted of tax fraud for unpaid income from image rights last year, but he is not expected to serve prison time since it was his first offense.
On Tuesday, the state prosecutor cited the verdict against Messi as precedent for the case against Ronaldo.

More News For this Category

Kvitova reaches first quarter-final of comeback

AFP, Birmingham :Two-time Wimbledon champion Petra Kvitova was cheered as if she had been the home player, after a straight-sets win over Britain's Naomi Broady in Birmingham on Wednesday carried

Certificates distributed among talent hunt program in BKSP

Certificates distributed among talent hunt program in BKSP

One month long project of talent hunt training program from grassroots level concluded on Thursday at BKSP, said BKSP press release issued on Thursday.Around about 1000 selected participants took training

Flintoff to tread the boards in musical

England cricketing great Andrew Flintoff is to try his hand at a different type of live performance -- starring in a musical it was revealed on Thursday. The 39-year-old former

Murray crashed out of Queen's after losing his first round match against Jordan Thompson on Tuesday.

Murray crashed out of Queen's after losing his first round match against Jordan Thompson on Tuesday.

Thompson in dreamland after stunning Murray

Thompson in dreamland after stunning Murray

Jordan Thompson savoured the best moment of his life as the Australian underdog handed world number one Andy Murray a humiliating first round defeat at Queen's Club. Thompson had never

Djokovic to make rare Eastbourne appearance

Novak Djokovic will play his first pre-Wimbledon event in seven years after accepting a wildcard at Eastbourne. The three-time Wimbledon champion has not played since losing in the French Open

Fowler upbeat after Open challenge falls flat

AFP, Erin :Rickie Fowler refused to be downcast after his latest tilt at a maiden major fell flat at the US Open on Sunday. The talented 28-year-old world number nine

Jena Sims and Brooks Koepka celebrate Brooks' U.S. Open victory.

Jena Sims and Brooks Koepka celebrate Brooks' U.S. Open victory.

Brooks Koepka caps a record week with US Open title

AP, Erin :Brooks Koepka received a short piece of advice from a valuable source on the eve of the final round at the U.S. Open.Defending champion Dustin Johnson was doing

BOA donates US$ 10,000 for Badal Roy

Bangladesh Olympic Association (BOA) donated US$ 10,000, equivalent to Bangladesh Taka 8,40,000 for treatment of its vice president Badal Roy, now undergoing treatment in a Singapore hospital.BOA Secretary General Syed