Ronaldo denies wrongdoing over taxes News

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Ronaldo denies wrongdoing over taxes

By Daily Sports on June 14, 2017

Cristiano Ronaldo denied on Tuesday ever hiding any income from the taxman or committing any tax fraud in Spain, after prosecutors filed a lawsuit accusing him of defrauding tax authorities of €14.7 million.

The prosecutor's office said the Real Madrid forward had knowingly used a business structure created in 2010 to allegedly hide his image rights income in Spain between 2011 and 2014.

This involved a "voluntary" failure to comply with his tax obligations in Spain, the statement from the office's economic crimes section said. The four counts of tax fraud were based on a report from Spain's tax agency, it said in a statement.

Ronaldo denied the accusations through his representatives late on Tuesday.

"There is no tax evasion scheme ... There has never been any hiding nor any intention to hide anything," Gestifute, the agency representing the player, said in a statement.

Gestifute said it would publish documents to show the Portuguese player had not created such a structure and had instead used firms he had owned since his time at Manchester United that both British and Spanish tax authorities had been aware of.

The agency also said the case could relate to different interpretations between the British and Spanish tax systems over where to declare some revenues but would in any case not constitute fraud.

*Photo shows Cristiano Ronaldo.

Source Daily Sports

Posted June 14, 2017