A Spanish prosecutor has accused Real Madrid soccer standout Cristiano Ronaldo of using a shell company in the Virgin Islands to defraud Spain’s tax office of 14.8 million euros ($16.5 million) in unpaid taxes from 2011 to 2014.
The Portuguese-born star defrauded the tax authorities of 1.4 million euros in 2011, 1.7 million euros in 2012, 3.2 million euros in 2013 and 8.5 million euros in 2014, prosecutors allege. They say that in 2010, Ronaldo set up a company to manage his image rights in the British Virgin Islands but then transferred those rights to a second company in Ireland, solely for the purpose of creating a “screen” to confuse Spanish tax authorities. Read More…
A Spanish prosecutor has accused Real Madrid soccer standout Cristiano Ronaldo of using a shell company in the Virgin Islands to defraud Spain’s tax office of 14.8 million euros ($16.5 million) in unpaid taxes from 2011 to 2014.
The Portuguese-born star defrauded the tax authorities of 1.4 million euros in 2011, 1.7 million euros in 2012, 3.2 million euros in 2013 and 8.5 million euros in 2014, prosecutors allege. They say that in 2010, Ronaldo set up a company to manage his image rights in the British Virgin Islands but then transferred those rights to a second company in Ireland, solely for the purpose of creating a “screen” to confuse Spanish tax authorities. Read More…
