Ronaldo In 15m Euro Tax Fraud Allegation

Source: thewillnigeria.com

BEVERLY HILLS, June 13, (THEWILL) – Real Madrid star Cristiano Ronaldo faces a lawsuit filed on Tuesday by the prosecutor’s office in a court in the Madrid district of Pozuelo de Alarcon for allegedly defrauding Spanish tax authorities.

The Portugal captain was accused of not paying in tax about 14.7 million euros between 2011 and 2014 as the prosecutor’s office said in a statement that the Real Madrid forward had knowingly used a business structure created in 2010 to allegedly hide his image rights income in Spain.

The prosecutor’s office alleges that Ronaldo had defrauded the tax authorities of 1.4 million euros in 2011, 1.7 million euros in 2012, 3.2 million euros in 2013 and 8.5 million euros in 2014.

The statement from the office’s economic crimes section said the act involved a voluntary failure to comply with his tax obligations in Spain revealing that the four counts of tax fraud were based on a report from Spain’s tax agency.

Ronaldo, who is from Portugal, became a Spanish tax resident in January 2010 and in November 2011 opted to follow the Spanish tax regime that applies to foreigners working in Spain, the statement said.

He should have paid a tax rate of 24 percent in 2011, and 24.75 percent in the three following years, it said.

The prosecutor said that after Ronaldo signed a contract to join Real Madrid in December 2008 he ceded his image rights to a company called Tollin Associates Ltd domiciled in the British Virgin Islands and in which he was the only stakeholder.

Tollin Associates then ceded his image rights to a company in Ireland called Multisports and Image Management Ltd which was responsible for managing them but the prosecutor insisted that Tollin Associates itself had no business activity.

“Ceding image rights to (Tollin Associates) was completely unnecessary and its only purpose was to create a screen to conceal the totality of his image rights income from the Spanish tax authorities,” the statement said.

Ronaldo is the latest in a long line of football players in Spain — among them FC Barcelona’s Lionel Messi and Neymar — who have been caught up in cases over tax or transfers.

en

SOURCE :The Nigerian Voice (entertainment)

32 thoughts on “Ronaldo In 15m Euro Tax Fraud Allegation

  • 17th October 2020 at 3:07 am
    Permalink

    Wow that was unusual. I just wrote an really long comment but
    after I clicked submit my comment didn’t show up.
    Grrrr… well I’m not writing all that over again. Anyway, just wanted to say fantastic blog!

    Reply
  • 19th October 2020 at 9:06 am
    Permalink

    Unquestionably believe that that you said. Your favourite justification seemed to
    be on the internet the simplest thing to take note of. I say to you, I certainly
    get annoyed whilst other people think about issues that
    they just do not know about. You managed to hit the nail upon the top as neatly as defined out
    the whole thing without having side-effects , people can take a signal.
    Will probably be back to get more. Thank you

    Reply
  • 29th October 2020 at 3:30 am
    Permalink

    Way cool! Some extremely valid points! I appreciate
    you penning this article plus the rest of the site is also very
    good.

    Reply
  • 31st October 2020 at 3:09 am
    Permalink

    Great site. A lot of helpful information here.
    I’m sending it to a few buddies ans additionally sharing in delicious.
    And of course, thank you for your sweat!

    Reply
  • 11th November 2020 at 10:51 pm
    Permalink

    I’m more than happy to find this site. I need to to thank you for
    ones time for this fantastic read!! I definitely enjoyed every part of it and i also have
    you saved to fav to look at new stuff on your site.

    Reply
  • 18th November 2020 at 6:21 am
    Permalink

    I don’t know if it’s just me or if perhaps everybody else experiencing issues with your site.

    It seems like some of the written text in your content
    are running off the screen. Can somebody else please provide
    feedback and let me know if this is happening to them too?

    This may be a issue with my internet browser because
    I’ve had this happen before. Appreciate it

    Reply
  • 18th November 2020 at 8:23 pm
    Permalink

    WOW just what I was looking for. Came here by searching for booty

    Reply
  • 19th November 2020 at 1:03 am
    Permalink

    I know this web site gives quality based articles and other data,
    is there any other website which offers these kinds of information in quality?

    Reply
  • 19th November 2020 at 3:20 pm
    Permalink

    Thanks for sharing your info. I truly appreciate your efforts and I
    will be waiting for your next post thank you once
    again.

    Reply
  • 22nd November 2020 at 10:01 pm
    Permalink

    Please let me know if you’re looking for a author for your site.
    You have some really great articles and I feel I would be
    a good asset. If you ever want to take some of the load
    off, I’d love to write some articles for your blog in exchange for
    a link back to mine. Please blast me an email if
    interested. Kudos!

    Reply
  • 25th November 2020 at 2:50 pm
    Permalink

    Howdy! I know this is kind of off-topic but I needed to ask.
    Does building a well-established blog like yours take a massive
    amount work? I’m brand new to blogging but I do write in my journal daily.

    I’d like to start a blog so I will be able to share my experience and feelings online.
    Please let me know if you have any kind of
    recommendations or tips for brand new aspiring blog owners.
    Thankyou!

    Reply
  • 25th November 2020 at 7:39 pm
    Permalink

    I think everything composed was actually very reasonable.

    However, what about this? suppose you added a little content?

    I ain’t saying your content is not good, however what
    if you added something that grabbed people’s attention? I
    mean Ronaldo In 15m Euro Tax Fraud Allegation – OfofoZone is
    kinda plain. You might glance at Yahoo’s home page and note how they create post titles to grab viewers to click.
    You might try adding a video or a pic or two to get readers excited about everything’ve got to say.

    Just my opinion, it could make your posts a little bit
    more interesting.

    Reply
  • 20th December 2020 at 7:38 pm
    Permalink

    Itts like youu ead my mind! You seem to knnow a lot about this, like you wrote the book in it oor something.
    I think that you could do with some pics to drive the message
    home a little bit, but instead of that, this is magnificent blog.

    A fantastic read. I will definitely be back.

    homepage

    Reply
  • 12th January 2021 at 7:28 pm
    Permalink

    What’s up, I would like to subscribe for this web site to get
    newest updates, therefore where can i do it please help out.

    Reply
  • 31st January 2021 at 2:59 am
    Permalink

    Hi there! This post could not be written any better!
    Reading this post reminds me of my good old room mate! He
    always kept chatting about this. I will forward this post to
    him. Fairly certain he will have a good read.
    Many thanks for sharing!

    Reply
  • 21st February 2021 at 1:47 am
    Permalink

    always i used to read smaller articles or reviews that as well clear their motive, and
    that is also happening with this paragraph which I am reading at this place.

    Reply
  • 5th March 2021 at 9:57 am
    Permalink

    I’m really impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you modify it yourself? Either way keep up the nice quality writing, it is rare to see a great blog like this one today.|

    Reply
  • 26th March 2021 at 6:34 pm
    Permalink

    I have read so many content regarding the blogger
    lovers but this post is in fact a pleasant paragraph, keep it up.

    Reply

Leave a Reply

Your email address will not be published.