etvfutures.com
etvfutures.com July 23, 2017


Real Madrid support Ronaldo as tax fraud allegations engulf star

15 June 2017, 02:13 | Brandon Parsons

Spanish state prosecutor accuses Ronaldo of tax fraud

Ronaldo accused of dodging Spanish taxman

Portuguese footballer Cristiano Ronaldo has come under fire from the Spanish tax authorities for allegedly failing to declare over €14.7 million ($16.4 million) in revenue derived from image rights. Cristiano is accused of knowingly using a "business structure" to hide income made from his image rights.

"Cristiano Ronaldo has always shown since his arrival at Real Madrid CF, in July 2009, a clear will to fulfill all his tax obligations", said the club on its website.

Spanish prosecutors have claimed that Ronaldo declared €11.5m of earnings between 2011 and 2014 but actually pocketed €31.5m more.

According to the accusation, after signing his contract with Real Madrid, Ronaldo "purported to" cede his image rights to a shell company based in the British Virgin Islands, a tax haven in the Caribbean.

It said that the Real Madrid number seven had not hidden any income from the tax authorities or defrauded Spain.

There was no attempt to evade taxes, Gestifute said.

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.

E3 2017: Shadow of the Colossus Coming to PS4 Next Year
In a brief trailer, Sony revealed that the title, which is simply " Shadow of the Colossus ", would be released sometime in 2018. Sony's very own president and CEO (Sony Interactive Entertainment America) named Shawn Layden said that "the future is here".


"Throughout all of the above mentioned years, CR never had a tax problem, contrary to what the Spanish Prosecutors insinuate".

Lionel Messi's successful tax evasion conviction helped to pave the way for prosecutors to launch a case against the Real Madrid forward.

"The laws applicable to Cristiano Ronaldo are the Personal Income Tax Law and the Impatriots Law".

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

In the indictment, the prosecution alleged that Ronaldo had evaded tax "in a conscious and voluntary manner".

Ronaldo's agent denied any wrongdoing.



Other News

Trending Now

Syrian militia launches offensive to capture Raqqa
Last week, the Pentagon announced that it started delivering weapons to the SDF , saying they were necessary to capture Raqqa. The U.N. human rights office has raised concerns about increasing reports of civilian deaths as air strikes escalate.

Get 2 Percent Back With Amazon Prime Reload
Ultimately, Reload may make sense for some Prime subscribers, but I'm going to pass. The question is whether 2% is enough of an incentive for you to get involved.

Key takeaways from Attorney General Sessions' testimony
They weakly claimed that any Russian might be called an "intelligence official" since the spy agencies use private citizens. But the attorney general pushed back hard when asked what those problematic matters could be, retorting: "There are none".

Spurs forward Son Heung-min suffers suspected broken arm
As well as the action on the pitch, there was also plenty of drama off the pitch. However Qatar will host the 2022 FIFA world cup says FIFA President.

Fed expected to raise rates today
They are just catching up with reality: The jobless rate has dropped with unexpected speed — to a 16-year-low 4.3 percent in May. The latest move by the Fed shows that the central bank continues to believe that the United States economy is strengthening.

YouTube star Austin Jones arrested on child pornography charges
Meanwhile, Jones , who now lives in Bloomingdale, Illinois, was supposedly on an global tour as he promotes his music and videos. The 24-year-old from Bloomingdale in the U.S. state of IL has been charged with two counts of production of child pornography .

Sandy Hook group dumps Megyn Kelly as event host
Sandy Hook parents are furious, and, writing at the conservative Red State, Andrea Kutz asks , "What is Megyn Kelly thinking?..." However, it's possible that things could change before Kelly's latest controversial interview is set to go out on June 18.

London fire: What do we know about the inferno at Grenfell Tower?
He said it seemed as if the fire had been burning for at least 30 minutes before the building's fire alarms went off. Methrob said residents had been concerned about safety, adding there had been warnings "for over a year".

WMU grad with ties to local lawmakers among Virginia shooting victims
The attack also injured Louisiana Congressman Steve Scalise (R-Jefferson), a Congressional aide and two Capitol police officers. A Tyson Foods employee was shot at a baseball field Wednesday morning (June 14) in Alexandria, Virginia.

New setback for Vijay Mallya, ED files chargesheet in money laundering case
Before entering the court he said to reporters: "I deny all allegations that have been made and I will continue to deny them". That didn't leave chief magistrate Emma Arbuthnot at Westminster magistrates' court very happy, Huffington Post reported.