Tax Fraud: “We have confidence in Cristiano Ronaldo” – Real Madrid

Tax Fraud: “We have confidence in Cristiano Ronaldo” – Real Madrid

They presented a report and he was accused of four different counts for tax fraud, including 14.768.897 €.

“Cristiano Ronaldo has always shown since his arrival at the Real Madrid C. F., in July 2009, a clear willingness to comply with all their tax obligations”.

In the text, they said that the Portuguese player created a business structure to hide the money from the Spanish Tax authorities.

GestiFute, a firm representing several footballers defended on Tuesday that Ronaldo is compliant with his tax payments. In 2016, it was suggested by a German MEP that he was using an Irish company to dump money, thereby avoiding higher taxes in Spain.

Real Madrid is absolutely convinced that our player, Cristiano Ronaldo, will prove his total innocence”, it added.

Additionally, the prosecutor also accused Ronaldo of declaring €11.5m ($12.8m) earned in 2011-14 in a tax return filed in 2014, when the prosecutor said Ronaldo’s real income during that period was nearly €43m ($48m). It is alleged that the player used a Virgin Islands-based shell company to take care of his lucrative image rights and then routed these earnings through another shell company in Ireland to complete the subterfuge.

A four-time Ballon d’Or victor, the 32-year-old Ronaldo has led Real Madrid to back-to-back Champions League titles and its first Spanish league in five seasons, and helped Portugal to win last year’s European Championship. This, of course, unlikely to happen as he is a first-time non-violent offender.

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.

Messi was handed a 21-month suspended jail sentence previous year after being found guilty of similar offences, while his Barcelona teammate Neymar will face trial over alleged irregularities in his 2013 transfer from Brazilian club Santos.