Spain Accused Cristiano Ronaldo Of $16.5m Tax Fraud
Lawsuit filed against Portugal and Real Madrid footballer who is accused of $16.5m tax fraud.
Spain’s prosecutor’s office in Madrid has filed a lawsuit against footballer Cristiano Ronaldo for allegedly defrauding Spanish authorities of €14.7m ($16.5m) in unpaid taxes between 2011 and 2014.
In a statement released on Tuesday, the prosecutor’s office said Ronaldo had knowingly used a “business structure” created in 2010 to hide his income in Spain from his image rights.
The lawsuit is based on a report sent to the prosecutor’s office from Spain’s tax agency AEAT, it said, adding that the Portugal forward used what it deems a shell company in the Virgin Islands to “create a screen in order to hide his total income from Spain’s Tax Office”.
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