Real Madrid back Cristiano Ronaldo in tax fraud case

Doug Mendoza
June 19, 2017

Ronaldo faces four charges regarding tax returns filed from 2011 to 2014, with the prosecutor alleging that the 2016 Ballon D'Or victor defrauded Spain out of some 14.7 million Euros in unpaid taxes.

According to the report, the agency allegedly hid £154m, (€185m) from tax authorities through a network of offshore accounts and companies in Ireland, the British Virgin Islands, Panama and Switzerland.

The Portuguese revenue authority is investigating alleged tax fraud by clubs and football players, including Portuguese football star Cristiano Ronaldo, local newspaper Publico reported on Wednesday.

Spanish prosecutors had on Tuesday filed a formal lawsuit against the Real Madrid striker.

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

Between 2005 and 2010, foreign players in Spain were protected under the so-called "Beckham law" allowing them to curb their taxes. A prosecutor in Spain accused the current holder of the Ballon d'Or of committing tax fraud to the tune of $16.5 million.

Peel Hunt Reaffirms Buy Rating for Puretech Health PLC (PRTC)
In a report published on Friday morning, JP Morgan Cazenove kept their "Underweight" rating on shares of easyJet PLC (LON:EZJ). Godshalk Welsh stated it has 0.24% in Williams Companies Inc (NYSE:WMB). ( NYSE:WMB ), 11 have Buy rating, 0 Sell and 6 Hold.

Russian Federation will be prepared to face New Zealand
Russia's fast start contrasted with New Zealand seeming unsettled early in a game that began after an unusual pre-match ceremony. Russian Federation is set to host the 2018 World Cup in 12 stadiums spread across 11 cities, including Moscow , St.

Amazon is reportedly planning to cut jobs at Whole Foods
Federal regulators will most likely allow the acquisition to occur, as technically the two companies are not quite true competitors.

Speaking to El Chiringuito TV before the Champions League final, Ronaldo said the prospects of being charged is not stressing him.

Ronaldo, who led Real Madrid to win both the Spanish league and European Cup, is just the latest high profile soccer player to face prosecution over tax affairs.

Barcelona's legendary star - and Ronaldo's great sporting rival - Lionel Messi had recently been found guilty of a similar tax avoidance scheme that involved shell companies and image rights.

Spain's High Court in May cleared Brazil global Neymar of fraud but he still faces a corruption trial in Spain in connection with the value of his 2013 transfer from Brazilian club Santos to Barcelona.

Cristiano Ronaldo has denied accusations by Spanish authorities that he evaded tax payments of 14.7m euros (£13m; $16m) from 2011 to 2014.

It added that it is "convinced" that Ronaldo "will demonstrate his complete innocence".

Other reports by GizPress

Discuss This Article