Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Wednesday, August 23, 2017 10:08:20 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       Readers ( 87 )   0 Comments
Comments
Share your thought
Post a comment »
Read all (0) »


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.

0 Comments. Share your thoughts also.
Write a comment
Tariff
Add Rate

News Archive

Inside The New Nation

Football »

Brothers taste first win in BPL Football


Brothers Union Club registered their first victory in the Saif Power Battery Bangladesh Premier League Football as they recorded a hard-fought solitary goal victory over Muktijodda Sangsad Krira Chakra held on Tuesday at Bangabandhu National Stadium.The first half of the match saw both the team got several scoring chances but ...

Sports »

Ranking Badminton results on day 3


Seven men's singles matches of the Index Summer Open Ranking Badminton tournament were decided when the last reports came on the third day at Shaheed Tajuddin Ahmed Indoor Stadium on Tuesday. In the day's men's singles events, Tuhin (Bogra), Jakaria (Khadija Textile), Tushar Krishno (Army), Shuvo (Munshiganj), Gourav Singho (Badminton ...

Editorial »

None to oversee and run the Insurance Sector


ACCORDING to the Insurance Development and Regulatory Authority (IDRA) sources, the organisation's top posts are still vacant, meaning - it can neither hold Board Meetings nor take decisions on policyholders and insurers' interest. Thus, the IDRA's validity and functionality come into the fore right away. IDRA has been formed under ...

International »

After Trump`s warning, China jumps to defense of Pakistan


PTI, New Delhi :China today jumped to the defence of its all-weather ally Pakistan in the wake of US President Donald Trump's stern warning to it over providing safe havens to terrorists, claiming that Islamabad is at the frontline of combating terrorism.Donald Trump, in his first prime-time televised address to ...

International »

India's top court bans Islamic instant divorce


Reuters, New Delhi :India's Supreme Court on Tuesday ruled a controversial Muslim instant divorce law unconstitutional, a landmark victory for Muslim women who had long argued that it violated their right to equality.The law allows Muslim men to divorce their wives simply by uttering the word "talaq" three times. Muslim ...

City »

`Japan to continue support for Bangladesh's uplift`


Japan assured that the country would continue its assistance for Bangladesh's development."We would continue to render assistance for the development of Bangladesh," Japanese Ambassador in Dhaka Masato Watanabe said when he paid a farewell call on Prime Minister Sheikh Hasina at her office here on Tuesday morning. After the meeting, ...

Entertainment »

Jacqueline blessed to be a part of A Gentleman and Judwaa 2


Jacqueline Fernandez is certainly on a high with much talked about projects, A Gentleman opposite Sidharth Malhotra and Judwaa 2 opposite Varun Dhawan, releasing back to back. With A Gentleman releasing this Friday and simultaneously stepping into the promotions of her movie, Judwaa 2, it’s an eventful period for Jacqueline ...

Editorial »

High risk in railway travel through flooding zones


A FATAL train accident was narrowly averted in Tangail on Sunday dawn as locals from a nearby mosque stepped in to stop a train only few yards from a bridge partially destroyed by floodwater in the Kalihati Upazila of the district. Driver of the Dhaka-bound Nilsagar Express carrying around 2000 ...

Cricket »

Australia's cricket players (from left) Glenn Maxwell, David Warner and Usman Khawaja playing with a ball during a practice session in Dhaka on Monday. Australia is scheduled to play two Test matches against Bangladesh beginning August 27 in Dhaka.


Entertainment »

Chirodiner Sabina on BTV in Eid


Sabina Yasmin is a living legend in the country’s music arena. For many years her songs inspired us. She has not only rendered patriotic songs but also gave her voice for play-back songs. On the occasion of coming Eid, Bangladesh Television has taken initiative to arrange a solo musical show ...

Entertainment »

Legendary film actor Razzak


Entertainment Desk :Abdur Razzak (1942-2017) was a legendary Bangladeshi actor and film director. He is referred to as Nayak Raj Razzak, a title given by Ahmed Zaman Chowdhury, editor of Chitrali. He got the Independence Day Award in 2015. Razzak was born in Naktala in South Kolkata His parents Akbar ...

City »

BFUJ President Manjurul Ahsan Bulbul, among others, at a programme for collecting relief materials for flood-hit people organised by Rangpur Bibhag Sangbadik Samity at the Jatiya Press Club on Monday.


International »

Trump sends `thoughts and prayers` to US sailors in crash


AFP, Washington :US President Donald Trump late Sunday tweeted his "thoughts and prayers" to the sailors aboard a US destroyer that collided with a tanker near Singapore, leaving 10 missing and five injured."Thoughts & prayers are w/ our @USNavy sailors aboard the #USSJohnSMcCain where search & rescue efforts are underway", ...

Editorial »

River erosion now adds to flood woes


REPEATED environmental disasters seem to take heavy toll on the people of this country this year. Followed by unprecedented off-season heavy rainfall, landslides, flash floods and the ongoing floods again, the newest woe that hits the people is unprecedented river erosions in the north and middle parts of the country. ...

Cricket »

Mominul to replace Mosaddek in 14-member national squad


A day after his omission from the team, top order batsman and most consistent performer in the longer version cricket Mominul Haque was recalled to the Bangladesh's squad on Sunday for the first Test against touring Australia scheduled to begin on August 27 at Sher-e-Bangla National Cricket Stadium (SBNCS) in ...

 
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