Cristiano Ronaldo has received support from his club after recent allegations were made regarding his taxes. El Mundo reported that a sum of 150 million euros was diverted to a tax haven and thus the Portuguese star didn't state his full revenue and thereby evading tax authorities. As an institution, Los Blancos have rushed to his defense with the following statement: "In view of the stories published over recent days and in consideration of the certificate issued by the Spanish Tax Agency which confirms that our player Cristiano Ronaldo is up to date with all of his tax obligations, Real Madrid C. F. call for the utmost respect to be shown towards Cristiano Ronaldo, whose conduct has been absolutely exemplary throughout all of his time at our club."There are suggestions that the Portuguese player may have diverted up to as much as 150 million euros to a Caribbean tax haven.
El Mundo reports on a scandal which has Ronaldo as its biggest name. An investigation of documents by Football Leaks, which has been obtained by the German magazine Der Spiegel, suggest that the player used three different companies in the Caribbean to collect income from advertising. "At first Ronaldo only paid 5.6m euros directly to the Spanish tax authorities which represented less than 4% of the total," said El Mundo. "In addition, during 2014 and the onset of the Beckham Law, together with concern regarding the financial inspections of Jorge Mendes' clients, a change of strategy was made to try to regularise Ronaldo's status."
That year, the Portuguese did allow an inspection of part of his offshore structure but it exposed the method of tax avoidance of Mendes' clients. "The contract money goes through Ireland - more like a tax haven in the European Union - is managed in the paradise of the British Virgin Islands and ends up in Switzerland," El Mundo continued. As a result, just one year ago, on December 3, 2015, a full inspection began into the affairs of the star of Real Madrid. The file was opened for possible irregularities in his statements of Non-Resident Income Tax (IRNR) for the years 2011, 2012 and 2013. The focus is on image rights but of a higher risk to the player is the forensic look into his offshore dealings.
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