Spanish Prosecutors Accuse Cristiano Ronaldo Of Tax Fraud

Paola Ditto
Giugno 19, 2017

Spanish prosecutors sued the soccer superstar Tuesday for tax evasion, according to Bloomberg's Tariq Panja.

Ronaldo's tax problems seemingly stem from some intrepid journalism.

Ruben Ortega, CC BY-SA 4.0)The regional state prosecutor alleged that Ronaldo used a shell company in the Virgin Islands to hide his full income from Spain's tax office between 2011 and 2014.

Ronaldo took advantage of what is known in Spain as "the Beckham law" - which allows foreign sportspersons to pay 24.75% income tax, rather than the 48% applied to Spanish nationals. They presented a report and he was accused of four different counts for tax fraud, including 14.768.897 €.

The player's club, in a statement on the website, has come out to say that the player has fulfilled all "his fiscal obligations".

Real Madrid have declared that they are "absolutely convinced" that Cristiano Ronaldo will demonstrate his innocence over allegations of tax evasion.

Allegedly, the hunky Ronaldo used a shell company located in the Virgin Islands to "create a screen in order to hide his total income from Spain's Tax Office".

The Portuguese-born star 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, prosecutors allege. This, of course, unlikely to happen as he is a first-time non-violent offender.

Messi was handed a 21-month suspended jail sentence previous year after being found guilty of similar offences, while his Barcelona teammate Neymar will face trial over alleged irregularities in his 2013 transfer from Brazilian club Santos.

Ronaldo is the world's highest paid athlete, according to Forbes magazine.

The 32-year-old also has a lifetime deal with Nike which is worth a whopping £790m. He helped Real Madrid win La Liga (Spain's first division) and the UEFA Champions League last season.

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