Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Wednesday, November 14, 2018 07:38:10 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Ronaldo due in court over tax evasion claims

photo by

By AFP, Madrid
01st-Aug-2017       
Comments
Share your thought
Post a comment »
Read all () »


Football megastar Cristiano Ronaldo appears in court near Madrid Monday accused of evading millions of euros in taxes, the latest player to fall foul of Spain's taxman.
The 32-year-old will be questioned by a court in Pozuelo de Alarcon, a wealthy suburb of Madrid where he lives, after returning from a summer break with his girlfriend and relatives and a promotion trip to China.
The Portuguese star -- the world's highest paid athlete according to Forbes magazine -- follows in the steps of his arch-rival, Barcelona forward and Argentina star Lionel Messi, who was found guilty of the same offence last year.
Other footballers have also recently run into trouble with Spain's taxman, some of them already convicted and others under investigation.
Prosecutors accuse Ronaldo of having evaded 14.7 million euros ($17.3 million) in tax.
They allege he took "advantage of a company structure created in 2010 to hide income generated in Spain from his image rights from tax authorities".
They say this was a "voluntary and conscious breach of his fiscal obligations in Spain". - Conscience 'clear' -Prosecutors accuse the four-time world player of the year of evading tax via a shell company based in the British Virgin Islands and another in Ireland, known for low corporate tax rates. In addition, they say the Real Madrid striker only declared 11.5 million euros of Spanish-related income
from 2011 to 2014, while what he really earned during that time was close to 43 million euros.
And finally, they accuse him of "voluntarily" refusing to include 28.4 million euros in income linked to the sale of his image rights for the 2015 to 2020 period to a Spanish company.
Ronaldo has defended himself, saying his "conscience is clear".
His agent's company Gestifute has also denied any "fiscal set-up" and said "the player didn't hide anything".
But the allegations still took their toll, and the man with the "CR7" brand. According to press reports, Real's all-time top goalscorer, threatened to leave Spain over the affair, giving supporters a fright.
He has since hinted he will stay on, telling Spanish sports daily Marca that he would like to continue to win trophies for Real.
If he were put on trial and found guilty, Ronaldo risks "a fine of at least 28 million" euros and could potentially be jailed for three-and-a-half years, the Gestha union of experts at Spain's Inland Revenue has said.
Since extending his contract last November until 2021, Ronaldo is the highest paid sports star in the world with $93 million (79 million euros) earned in 2016-2017, according to Forbes.

Tariff
Add Rate

News Archive

Inside The New Nation

Sports »

Los Angeles Clippers guard Sindarius Thornwell (left) and Golden State Warriors forward Draymond Green scramble for a loose ball during the first half of an NBA basketball game in Los Angeles on Monday.


Football »

Rooney excited for 'great moment' in England farewell


Wayne Rooney says he is honoured to make a final appearance for England and happy for manager Gareth Southgate to decide his playing time Thursday against the United States.Former Manchester United star Rooney, in video comments released Monday by his Major League Soccer club DC United, detailed his excitement at ...

City »

Chief Election Commissioner KM Nurul Huda, among others, at a press briefing for returning officers on the occasion of eleventh parliamentary election in the auditorium of Election Commission Secretariat in the city on Tuesday.


International »

Nobody can stand in its way in Pacific island cooperation: China


Reuters, Beijing :No country can block China's cooperation with island nations in the Pacific and the area is no country's sphere of influence, a senior diplomat said on Tuesday, ahead of a summit between President Xi Jinping and Pacific island leaders.Australia, in particular, has been vying for influence with China ...

International »

Israel-Gaza border facing most serious fighting since 2014 war


Reuters, Gaza :Israel launched more air strikes on Gaza on Tuesday as Palestinians kept up rocket fire on Israeli territory, in the worst surge of violence since a 2014 war.The fighting - that has killed six Palestinians, five of them militants, and a civilian in Israel since Monday -threatened to ...

Entertainment »

Oishee in China to win `Miss World` crown


Jannatul Ferdous Oishee crowned 'Miss Bangladesh 2018' on November 30. Now, she is in China for participating in the 'Miss World' beauty contest. There she will represent Bangladesh. On Saturday night at 1:00 am, Oishi left Dhaka for Sanya in China. And she reached there on Sunday morning.Swapan Chowdhury, chairman ...

Football »

New York City forward David Villa (7) movers the ball as Atlanta United defender Miles Robinson (12) defends during the first half of their MLS playoff soccer match in Atlanta on Sunday.


Football »

Ronaldo ends San Siro hoodoo as Juventus beat Milan 2-0


AP, Milan :Cristiano Ronaldo ended his San Siro hoodoo to help Juventus to a 2-0 win after AC Milan forward Gonzalo Higuain missed a penalty against his former team on Sunday.Higuain left Juventus in the offseason following the signing of Ronaldo and he had a nightmare game as he was ...

Editorial »

No development yet in city's road traffic management


THE directives to ensure discipline in traffic system issued by higher authorities have failed to bring any result. The traffic rule violation is still rampant. Almost all directives addressing owners and workers of city service buses and human haulers, pedestrians and drivers went unheeded. If the traffic management system returns ...

International »

California wildfires: Death toll reaches grim milestone


The death toll in wildfires sweeping California has risen to 31, with more than 200 people still unaccounted for, officials have said.Six more people were confirmed killed in the Camp Fire in the north of the state, taking the toll there to 29.That fire now equals the deadliest on record ...

City »

Prime Minister Sheikh Hasina receiving ASOCIO 2018 Digital Government Award from Post, Telecommunication and Information Technology Minister Mostofa Zabbar at the cabinet meeting on Monday.


Entertainment »

Mamo, Puja share big screen for first time


Sheikh Arif Bulbon :It was earlier fixed that Raihan Rafi directed and Jaaz Multimedia produced movie Dohon was scheduled to release on November 16. Later releasing date was changed to November 30. Owner of Jaaz Abdul Aziz confirmed the matter yesterday. Main theme of the story was given by him ...

Entertainment »

Sonakshi Sinha has only special appearance in Mission Mangal?


Actor Akshya Kumar recently announced the entire cast of India’s first space film Mission Mangal. The film is set to go on floors next month and will be helmed by Jagan Shakti. Besides Akshay as the main lead, Mission Mangal has an impeccable leading cast that includes names like Vidya ...

Football »

Iran women attend Asian Football final in rare `victory`


Hundreds of Iranian women attended a crunch football match in Tehran, in a rare step seen Sunday as a "victory" by local newspapers and hailed by FIFA as an "historic and festive day" for the sport.About a thousand women were allowed into Azadi Stadium late Saturday to watch Iranian giant ...

Editorial »

Bring the criminals to book and ensure their harsher punishment


ANOTHER woman was killed in a running bus on Friday night. This time her father was also pushed off the vehicle on Dhaka-Tangail highway in Savar. The incident may remind one of the rape and murder of law student Rupa Khatun inside a running bus in Tangail over a year ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news