14.7m euros tax fraud: Cristiano Ronaldo accused of defrauding authorities

14.7m euros tax fraud: Cristiano Ronaldo accused of defrauding authorities

- Cristiano Ronaldo will be charged to court by Spanish authorities for tax evasion

- He is accused by Spain’s prosecutor’s office of defrauding the authorities of the sum of €14.7m

- Ronaldo had used a "business structure" created in 2010 to hide his income in Spain

Spain’s prosecutor’s office in Madrid have filed a tax fraud lawsuit against Cristiano Ronaldo accusing the attacker of defrauding the Spanish tax authorities out of €14.7m.

The Real Madrid man reportedly used a "business structure" created in 2010 to hide his income in Spain from his image rights.

Cristiano Ronaldo accused of defrauding Spanish tax authorities out of €14.7m

Cristiano Ronaldo is going to appear in court

In a statement from the prosecutor's office Ronaldo did not pay taxes worth €14.7million

The lawsuit is based on a report sent to the prosecutor's office from Spain's tax agency AEAT, it said.

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Ronaldo used 'the Beckham law' - which allows foreign sportsperson to pay 24.75% income tax, rather than the 48% applied to Spanish nationals to evade his taxes.

Despite the law in income for imports, athletes must still, however, pay taxes on other income earned in Spain.

Cristiano Ronaldo accused of defrauding Spanish tax authorities out of €14.7m

Cristiano Ronaldo did not reveal how much he earned from image rights

In Cristiano's case, the former Manchester United winger is accused of having diverted some €150m of advertising revenue.

Recall that Barcelona superstar Lionel Messi was sentenced to 22 months in prison for a €4.1m fraud, but avoided jail by paying a fine and agreeing to probation.

Meanwhile, you can watch NAIJ.com's video about whistle blowing below;

Source: Sports.naij.com

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