Cristiano Ronaldo denies tax evasion accusations

Spanish prosecutors on Tuesday accused the forward of defrauding the country's tax authorities of 14.7m euros in relation to income generated from image rights.

Real Madrid have expressed "full confidence" in Cristiano Ronaldo after their star forward was accused of tax fraud by the Spanish authorities.

It added that it is "convinced" that Ronaldo "will demonstrate his complete innocence".

The Portuguese has since denied the accusation and his representatives Gestifute issued a lengthy statement strongly denying the accusation.

The prosecutor goes on to state that Ronaldo "intentionally" did not reveal income of $31.8 million earned from the sale of image rights from 2015-20 to another company located in Spain. They presented a report and he was accused of four different counts for tax fraud, including 14.768.897 €.

Allegedly, the hunky Ronaldo used a shell company located in the Virgin Islands to "create a screen in order to hide his total income from Spain's Tax Office".

Ronaldo had previously said he was not anxious about tax investigations as he had nothing to hide.

The post Real have "full confidence" in Ronaldo over tax appeared first on Vanguard News.

The player's club, in a statement on the website, has come out to say that the player has fulfilled all "his fiscal obligations".

According to Forbes, Cristiano is the world's highest-paid athlete for 2017, having earned £73m a year ago from salary, bonuses and endorsements.

Argentinian forward Lionel Messi, who plays for Barcelona, and his father Jorge were convicted of tax fraud in Spain past year (16) and handed 21-month jail sentences.

"When Cristiano Ronaldo signed for Real Madrid, he maintained the same structure he had in UK".

Prosecutors accuse the Portugal worldwide of evading tax via a shell company based in the British Virgin Islands and another in Ireland, known for its low corporate tax rate.

On Tuesday, June 13, Spanish prosecutors released a statement accusing the Real Madrid man of setting up a business struture to help defraud authorities.

  • Julie Sanders