Real Madrid forward Cristiano Ronaldo has been accused of evading €14.7m (£13m/$16.4m/N5b) in tax payments by Madrid’s criminal prosecution system.
According to Spanish prosecutors, Ronaldo sought to hide at least a part of that wealth from the country’s tax authorities.
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They allege that he failed to declare earnings, including from the exploitation of his image rights, between 2011 and 2014, notifying earnings of €11.5m instead of €43m over that period.
Prosecutors alleged that tax havens in Belize and Uruguay were used to conceal earnings from image rights.
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Ronaldo is alleged to have evaded the following totals between 2011 and 2014:
- 2011 – €1,393,906.83
- 2012 – €1,665,304.09
- 2013 – €3,201,266.93
- 2014 – €8,508,419.55
Recall that Lionel Messi recently said he knew nothing about his financial affairs, while his father said he had been told by a legal adviser that the practice was legal.