Cristiano ronaldo latest news on tax
Cristiano Ronaldo has been involved in a long-standing tax dispute with the Spanish authorities. Here are some of the latest updates on the matter:
Latest Development:
In June 2022, the Spanish Supreme Court ruled in favor of Cristiano Ronaldo, dismissing the tax authority's appeal and upholding a previous ruling that reduced the amount of taxes he owed to Spain. The court reduced the amount of taxes owed by Ronaldo from €14.7 million to €6.8 million.
Background:
In 2017, Ronaldo was accused of evading taxes on his income from 2011 to 2014. He was alleged to have hidden income from his image rights and other sources in offshore accounts. The Spanish tax authority, the Agencia Tributaria, claimed that Ronaldo owed €14.7 million in unpaid taxes.
Previous Developments:
In 2018, Ronaldo agreed to pay €18.8 million to settle the tax dispute, which included a fine and back taxes owed. However, in 2020, the Spanish Supreme Court ruled that the agreement was invalid and ordered Ronaldo to pay the original amount of €14.7 million.
Ronaldo's Response:
Ronaldo has consistently denied any wrongdoing and has claimed that he was not aware of the tax implications of his business dealings. His lawyers have argued that the tax authority's claims were based on incorrect assumptions and that Ronaldo had already paid taxes on his income in Portugal, where he is a resident.
Impact on Ronaldo's Career:
The tax dispute has had a significant impact on Ronaldo's career, with many speculating that it has affected his ability to negotiate contracts and endorsements. In 2020, Ronaldo left Juventus and returned to Manchester United, citing a desire to be closer to his family and to focus on his personal life.
Conclusion:
The Cristiano Ronaldo tax dispute is a complex and ongoing issue, with both sides continuing to dispute the amount of taxes owed. While the latest ruling has reduced the amount of taxes owed by Ronaldo, the matter is unlikely to be fully resolved until all appeals have been exhausted.