Who Pays Taxes?

Jun 14, 2017

Spain’s soccer star Cristiano Ronaldo is accused of underpaying his taxes by $16.5 million. Ronaldo is accused of taking “advantage of a business structure created in 2010 to hide from fiscal authorities income generated in Spain from image rights.” The soccer player is facing four counts of tax fraud. According to the counts, Ronaldo did not declare income of $31.8 million from the image rights. He’s also accused of not fully reporting his income between 2011-14. Government prosecutors say his real income for those years was nearly $48 million.