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Spain indicts Cristiano Ronaldo on €14.7m tax fraud charges

By International Adviser, 13 Jun 17

Spain’s Prosecutor’s Office in Madrid has filed a tax fraud lawsuit against Real Madrid star Cristiano Ronaldo.

Last month, the Hacienda, announced that Radamel Falcao faces trial for allegedly defrauding the Treasury of €5.5m.

He is accused of setting up shell companies in the British Virgin Islands to hide income from image rights while he was living in Madrid.

Earlier this year, Arsenal striker Alexis Sanchez had his Spanish villa seized by authorities and reportedly faces a possible jail sentence after admitting to tax fraud in Spain of almost €1m. 

The crackdown led to Real Madrid general director Jose Angel Sanchez calling on Spain to restore the ‘Beckham law’ for foreign football players, allowing them to only pay tax on their Spanish income and assets and exclude their worldwide income on image rights.

Pages: Page 1, Page 2

Tags: Football | Fraud | Spain

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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. Site managed by Furness Media