Real Madrid’s football player Cristiano Ronaldo is willing to pay 14.7 million euros to Spain’s tax authorities over alleged tax fraud.
Spanish broadcaster TVE cited unnamed sources and reported that the soccer star was ready to pay the money as a gesture of good will.
Ronaldo is accused of using a business structure created in 2010 to allegedly hide his image rights income between 2011 and 2014.
The move was considered voluntary by the prosecutor’s office, saying that it was done to avoid his tax obligations in Spain.
The agency representing Ronaldo denied any wrongdoing, explaining that the case could be related to different interpretations of the British and Spanish tax systems about where to declare some revenues.
Reports had said Ronaldo was considering moves from Spain to England following the harassment by the Spanish tax authorities.
But his club said no club had indicated interest in buying the world’s best footballer at the moment.
Trending
- Victor Boniface: From military barracks to Bundesliga glory, by Kayode Adebiyi
- GOtv Boxing Night 31: Abimbola targets N1m cash prize
- Police arrest driver for alleged unlawful possession of pistols
- Navigating boss-subordinate relationship, by Kenechukwu Aguolu
- Ubabukoh family releases burial plans for veteran journalist
- Ms Courage (2), by Bassey Ubong
- Eve’s Desire: Sex: Dos and Don’ts
- YABATECH to train informal sectors for global certification