Fidelity bank banner Bayelsa State banner
Tax evasion: Spanish taxmen comb Messi’s accounts again

By News Express on 13/01/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 689

•Soccer star Lionel Messi
•Soccer star Lionel Messi

Lionel Messi’s problems with the Spanish tax authorities are far from being over as the accounts of his foundation come under scrutiny.

The tax authorities are investigating whether payments from FC Barcelona to Lionel Messi’s foundation were used to help the player evade taxes, Spanish daily El Mundo reported on Saturday.

The newspaper, which has acquired Football Leaks documents, reported that the club gave the foundation “at least 12.7 million euros ($15.5 million) between 2010 and 2016”.

The paper said that the payments from Barca represented 71.5 percent of the foundation’s revenue between 2013 and 2016.

The foundation says on its website that it “was created in 2007 with the wish that all children should have the same opportunities to make their dreams come true, and to promote equality in education and health.”

Between 2010 and the official registration of the foundation in June 2013, the club reduced the corporate tax they paid on the money by 35 percent, in line with rules on donations to charities.

Those payments raised the suspicions of the authorities which, in January 2016, began to investigate whether the money had been “remunerative” and evaded corporate and income tax. In April 2016, tax investigators visited the Barcelona offices — not for the first time in recent years.

After the official scrutiny began, the club stopped making the deductions from their donations and started withholding 45 per cent for taxes suggesting, the newspaper said, that the payments “were considered part of the salary” of the Argentine star.

El Mundo said that the club had urged Messi, already being investigated for a 4.1 million-euro tax fraud relating to his image rights, to “regularise the donations to his foundation”. In the image rights case, Messi and his father, Jorge, were found guilty in 2016.

El Mundo said that, by law, 70 percent of a charity’s revenue should be spent on the aims for which it was created but a report in another Spanish newspaper, ABC, found the foundation’s accounts were full of gaps but included large sums spent on external consultants, rent and refurbishing its offices or transferred to its branch in Argentina.

According to documents examined by El Mundo, a tax settlement was paid to the Spanish treasury, in theory by Messi but ultimately by Barca, which made up the amount in a complex transaction days before the player signed a new contract last November.

That contract, which runs until 2021, will pay Messi more than 100 million euros a year including salary and image rights according to information published on Friday by the European Investigation Collaborations, which includes El Mundo. (NAN)

 

Source News Express

Posted 13/01/2018 9:29:52 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Fidelity Bank, 5 others pay N155.45bn into sinking...

Anambra guber: Chidoka dismisses reports of suspension by...

Army uncovers smear plot, probes implicated officers

Arsenal close gap on top of EPL table...

Benue decrees five-year jail term for cattle rearers...

Court nullifies Imo APC congresses, orders fresh polls...

CP warns Deltans against taking laws into their...

Oba of Lagos barred from high profile Lagos...

Saraki rallies support of Nigerians in Diaspora to...

Why postponed Ward Congress —APC

Ahmed tasks women on war against corruption

Guber Poll: Wike negotiating with us —Rivers APC...

 

Latest News Why kidnappers are after me — Mikel Obi’s father •Opens up on strained relationship with Mikel Buhari, APC, governors woo Saraki with juicy offers 9 family members perish in boat mishap Apostle Sulaiman under attack over failed prophesy on Ekiti election Osinbajo orders 72-hour joint operation to clear Apapa traffic gridlock Killings, greatest threat to Nigeria’s existence — Dickson I’m no longer in APC, Gov. Ortom insists Alex Otti back in the race for Abia governorship Dino Melaye suspends inauguration of projects America soon to get first Muslim Governor? Will Nigeria Air succeed where others failed? U.S. regulators approve new malaria drug

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (363,308 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (359,068 views) Shameless Genevieve Nnaji exposes breasts in public (287,473 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (235,911 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (215,209 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (212,897 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (186,995 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (168,949 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,547 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (153,247 views) Lagos plane crash: Journalist releases victims’ names (148,021 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (139,147 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (52) Business & Economy (3,364) Business Verdict (47) Columnists (890) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (516) Features (616) Global Business Monitor (286) International (2,153) Interview (158) Live Commentary (28) Love Matters (127) News (37,324) Opinion (1,024) Pidgin (10) Politics (5,630) Religion (788) Sports (1,612) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Nigerian detainees send SOS from Osama prison

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement