Tough day for Cristiano Ronaldo yesterday; when a force bigger than his ego laid down the law (literally).
Ronnie was called up for a day in the Spanish courts to defend himself on allegations of tax fraud.
Spanish prosecutors are alleging Ronaldo owes the state €14.7 million on image rights earned between 2011 and 2014. They continue on to say that he’s got some tidy accounts hidden away in the Virgin Islands, which are used to avoid paying tax in Spain…
Ronaldo stares off into the abyss of despair – Insta: @cristiano
If my name wasn’t Cristiano Ronaldo, I wouldn’t be sitting here – CR7 in court yesterday.
It’s all a bit confusing and there seemingly is a LOOOOT of 💸💸💸💸 flying around too.
Ronaldo is claiming that due to the ‘David Beckham Law’ (and yes it’s a real thing, due to yours truly) – new residents have the option of paying a 24% flat rate tax fee instead of the variable rate.
But 🇪🇸 thinks that Ronaldo is hiding money from some of his deals and ‘work’ earned in Spain in these overseas accounts – and so needs to pay tax on that.
Madrid based tax expert – Jorge Sanchez, went on the record with ESPN and stated that “prison is a completely real possibility,” if found guilty.