Cristiano Ronaldo denies accusations of tax fraud in Spain

Cristiano Ronaldo denies accusations of tax fraud in Spain

MADRID: Football star Cristiano Ronaldo on Tuesday denied that hidden income tax or commit tax fraud in Spain, after prosecutors have filed a lawsuit that accuses of defrauding the tax authorities of 14.7 million euros (16.5 million euros) millions).

The prosecutor’s office said the Real Madrid striker had knowingly used a trading structure created in 2010 for allegedly hiding his image income rights in Spain between 2011 and 2014.

This involved a “voluntary” violation of tax obligations in Spain, said the press section of the economic crimes office. The four charges of tax fraud charges were based on a report from the Spanish tax agency, it said in a statement.

Ronaldo denied the allegations through his representatives Tuesday.
“There is no tax evasion plan … It has never been concealed or intended to conceal something,” said Gestifute, the agency that represents the player, in a statement.

Gestifute said he would publish documents to prove that the Portuguese player had not created such a structure and it was companies he had belonged to since joining Manchester United that the British and Spanish tax authorities had met instead used.

The agency also said that the case could involve different interpretations between the British and Spanish tax regimes, where they declare income, but in no case constitute a fraud.

Ronaldo, who led Real Madrid to its 12th European Cup earlier this month, is the latest in a long-term league player in Spain, including Lionel Messi and Neymar in Barcelona, ​​to be taken on Whether the tax or transfer.

Between 2005 and 2010, foreign players in Spain are protected by the law called “Beckham” that allows them to slow down their taxes. But as the financial crisis became more serious, this exemption was lifted, opening the way for the event.

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

The prosecutor said that after Ronaldo had signed a contract to sign for Real Madrid in December 2008, he sold his image rights to a company called Tollin Associates Ltd, domiciled in the British Virgin Islands in which he was the only speaker.

Tollin Associates then sold its image rights to a company in Ireland called Multisports & Image Management Ltd, which was responsible for the management. Yes Tollin Associates had no commercial activity, according to the statement.

“Granting image rights (Tollin Associates) was completely unnecessary and their sole objective was to create a screen to hide all their image rights revenues from the Spanish tax authorities,” the statement said.

Prosecutors filed a lawsuit against Ronaldo on Tuesday in a court in the Madrid district of Pozuelo de Alarcón.
Ronaldo ended the football season by scoring two goals in a 4-1 victory over Juventus in the Champions League final to become the top scorer of the tournament with a total of 12 goals.

In May, the Spanish Supreme Court rejected an appeal by Messi and confirmed the prison sentence of 21 months of a Catalan regional court of fraud authorities of 4.1 million euros in image rights. Unlikely to go to jail under Spanish law, sentences of less than two years can be served on parole.

The Spanish Supreme Court has served the Neymar fraud last month but is still facing a corruption trial in Spain as part of the value of its transfer from 2013 Santos to Barcelona. He has denied wrongdoing.

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