Skip to content
International Adviser
  • Contact
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • Directory
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

Barcelona defender hit with €2.1m tax bill

By Kirsten Hastings, 11 Jul 19

As Spanish tax authorities continue to crack down on famous footballers

Gerard Pique is the latest in a string of football players to fall foul of the Hacienda, Spain’s ministry of finance.

Sources told press agency AFP that Pique has been ordered to pay €2.1m (£1.9m, $2.36m) after he was convicted of image rights fraud.

In May, the high court reportedly rejected the defender’s appeal against a 2016 ruling which found he had handed over his image rights to a company he owned called Kerad Project purely to gain a tax advantage.

This enabled him to pay a corporate tax rate of 30%, rather than a personal income tax rate of 45% between 2008 and 2010.

As a result, he has been ordered to pay €1.5m in tax arrears and a €600,000 fine.

He can, however, appeal to Spain’s supreme court.

Impressive line-up

Pique now joins fellow La Liga legends Lionel Messi and Cristiano Ronaldo in having come a cropper of Spain’s crack down on tax evasion by the rich and famous.

Portuguese football manager Jose Mourinho, Manchester United striker Alexis Sanchez and ex-Liverpool and Real Madrid midfielder Xabi Alonso have also been under the cosh.

In a further twist, Pique’s wife, Colombian singer Shakira, is facing scrutiny over whether she was actually resident in Spain, rather than the Bahamas as she claims.

This could see her hit with €14.5m in back taxes plus fines.

Tags: Football | Spain | Tax Evasion

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Latam forum

    Event News

    Register now for the II Latin America Forum 2026

    Industry

    DFSA announces package of regulatory relief measures for firms

  • David Morley

    Industry

    Blevins Franks: Net closing in on undeclared assets

    IA

    Industry

    Video: IA In The Loop: John Beverley, TEAM plc


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.