Featured post

UEFA Champions League draw as it happened

THIS ADVERT SPACE IS AVAILABLE. CONTACT +2348036986103 NOW (CALL, SMS OR WHATSAPP) or Email: theforefrontng@gmail.com (MORE DETAILS HERE)

Tuesday, 13 June 2017

KABOOM!!! Cristiano Ronaldo accused of 14.7 million euro tax evasion

Image result for ronaldo cries



Real Madrid star Cristiano Ronaldo was on Tuesday accused of a 14.7 million euro tax evasion through offshore companies, the public prosecutor’s office in Madrid announced.
The Portuguese footballer was accused of “four crimes against the public treasury between 2011-2014 which involves tax fraud of 14,768,897 euros ($16.5m, £12.9m)”, the office said in a statement.

“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,” it said.


Prosecutors accuse the 32-year-old Portugal forward, who is the world’s highest paid athlete according to Forbes magazine, of evading tax via two companies based in the British Virgin Islands and Ireland.
Ronaldo is the latest football star to fall foul of Spanish tax authorities.
Argentina international and Barcelona forward Lionel Messi was sentenced to a 21-month jail sentence and 2.09-million-euro fine last year for tax fraud.
The prison term will likely be suspended as is common in Spain for first offences for non-violent crimes carrying a sentence of less than two years.
The 29-year-old and his father Jorge Horacio Messi were found guilty of using companies in Belize, Britain, Switzerland and Uruguay to avoid paying taxes on 4.16 million euros of Messi’s income earned from his image rights from 2007-09.
The income related to Messi’s image rights that was hidden includes endorsement deals with Danone, Adidas, Pepsi-Cola, Procter & Gamble and the Kuwait Food Company.
Meanwhile Barca’s Argentine defender Javier Mascherano also agreed a one-year suspended sentence with authorities for tax fraud last year.

LIKE US ON FACEBOOK  
facebook Global audience 
facebook Nigerian audience  

FOLLOW US ON:
The Forefront on Twitter
>BBM Channel: C002CB006 {WELCOME TO THE FOREFRONT
>{Instagram: the_forefront_nigeria }

Connect with Joshua Osagie (Blog owner) 
 >  facebook personal account 
 > facebook  (fan page) 
 > twitter
 > Instagram: osagiejoshua
Share this post with others on social media with options below.

No comments:

Post a Comment

Disclaimer!!! Opinions expressed in comments do not represent THE FOREFRONT'S or Joshua Osagie's views. All participants are entitled to their opinions. Thank you!!!

YOUR COMMENT IS IMPORTANT. REWARDS STARTING FROM OCTOBER. DROP YOURS.

Advertise on the Forefront: For advert placement in the blog or advert posts like news updates, reach +2348036986103 [by call or WhatsApp].


TO GET ACCESS TO THE FOLLOWING WHEN YOU ARE ON MOBILE PHONE VIEW, SWITCH TO WEB VIEW DOWN THE BLOG:

1) SEE OUR TOP LEFT AND RIGHT SIDE BAR FOR LIVE STREAM NEWS CHANNELS (GLOBAL AND NIGERIAN )
2) VIA SHARES, COMMENTS AND LIKES, JOIN OUR FACEBOOK PAGE FEED DOWN THE SITE FOR PAGE UPDATES.
3) WHEN WE ARE STREAMING LIVE FOOTBALL MATCHES OR GENERAL SPORTS FOR BETTER SCREEN RESOLUTION.
SWITCH TO WEB VERSION NOW!