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 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.

Xabi Alonso acquitted of tax fraud

By Kirsten Hastings, 2 Dec 19

He faced up to five years in jail and a €4m fine

A Spanish court cleared former Real Madrid and Liverpool footballer Xabi Alonso of three counts of tax fraud on 26 November.

He was accused of failing to pay €2m (£1.7m, $2.2m) on money earned between 2010 and 2012 from image rights.

This was reportedly done via a company set up on the island of Madeira.

Had he been convicted, Alonso could have been jailed for up to five years.

Prosecutors also wanted him to pay a €4m fine on top of the €2m he would have been liable to pay the Spanish tax authorities.

La Liga hit list

Alonso’s victory stands in stark contrast to other footballers who have been caught in the Spanish taxman’s crosshairs.

Other high-profile names include Lionel Messi, Cristiano Ronaldo, Javier Mascherano, Alexis Sanchez, Diego Costa and Gerard Pique.

Mercurial football manager Jose Mourinho also admitted failing to pay tax.

Tags: Football | Fraud | Spain

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

Related Stories

  • Latest news

    Tax experts warn record CGT receipts could ‘leave hole in fiscal plan’

    Latest news

    Utmost urges government to extend Temporary Repatriation Facility

  • Financial advice is the star in new US TV show

    Europe

    French wealth manager for Americans living in Europe opens New York office

    Inheritance tax written under torn paper.

    Latest news

    Families could face 91% tax hit on inherited pensions from April, NFU Mutual warns


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. Site managed by Furness Media