Spanish football and its tryst with tax evasion seems to deepen as now the highest paid athlete in the world, Cristiano Ronaldo has been accused of 14.7 million Euro tax evasion. The Portuguese football star allegedly took advantage of “shell” offshore companies to evade tax and also not declaring all of his income made from Spain between 2011 and 2014. The Spanish Treasury has mentioned four such instances.
Spanish Treasury said, “The accused took advantage of a company structure created in 2010 to hide income generated in Spain from his image rights from tax authorities, which is a ‘voluntary’ and ‘conscious’ breach of his fiscal obligations in Spain.” Ronaldo declared only 11.5 million Euros in income from 2011 to 2014 while the actual earnings were estimated 43 million Euros. Spanish people have already been outraged by these scandals as Spain was on the brink of financial collapse not too long ago and many people are still economically hard pressed.
Earlier, Barcelona’s Lionel Messi was awarded a 21 month jail sentence and 2.09 million Euro fine for tax evasion. The jail sentence has been suspended. Brazil international and Barca star Neymar Jr. and his parents will stand trial soon as accusations of irregularities during Neymar’s transfer from Santos to Barca surfaced in recent times.