Football
Tax evasion: Christiano Ronaldo to appear in court today
- Faces 3 1/2 in years in jail if found guilty
Real Madrid and Portugal forward, Christiano Ronaldo, will appear in a court near Madrid today, Monday, July 31 over alleged tax evasion.
The 32-year-old will be questioned by a court in Pozuelo de Alarcon, a wealthy suburb of Madrid where he lives, after returning from a summer break with his girlfriend and relatives and a promotion trip to China.
Prosecutors accuse Ronaldo of having evaded 14.7 million euros ($17.3 million) in tax. They allege he took “advantage of a company structure created in 2010 to hide income generated in Spain from his image rights from tax authorities”. They say this was a “voluntary and conscious breach of his fiscal obligations in Spain”.
Prosecutors accuse the four-time world player of the year of evading tax via a shell company based in the British Virgin Islands and another in Ireland, known for low corporate tax rates.
ALSO SEE: Pique: Ronaldo will win the Ballon d’or
In addition, they say the Real Madrid striker only declared 11.5 million euros of Spanish-related income from 2011 to 2014, while what he really earned during that time was close to 43 million euros. And finally, they accuse him of “voluntarily” refusing to include 28.4 million euros in income linked to the sale of his image rights for the 2015 to 2020 period to a Spanish company.
Ronaldo has defended himself, saying his “conscience is clear”. His agent’s company Gestifute has also denied any “fiscal set-up” and said “the player didn’t hide anything”.
Ronaldo risks “a fine of at least 28 million” euros and could potentially be jailed for three-and-a-half years if found guilty, the Gestha union of experts at Spain’s Inland Revenue has said.
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