Once again great sports person is sentenced to jail for TAX Fraud. Yes, and this time it is superstar Lionel Messi and his Father Jorge Messi who has sentenced a jail for 21 months for TAX Evasion.
What was the Issue?
Barcelona court found both Lionel Messi and his Father guilty of TAX Fraud. The Barcelona court has ordered Messi to pay a fine of around £1.7m and his father Jorge Messi to pay £1.27m.
Lionel Messi has spoken in defence that he was not knowing how he got involved in this fraud as he always does what his father and his advisor tell him for signing the documents.
What is the real issue?
Lionel Messi and his father Jorge Messi were found accused of using tax havens in Uruguay and Belize to hide their image rights from Spanish tax authorities.
Earlier in 2013 also Lionel Messi has made a voluntary payment of $3.9 million to cover unpaid taxes and interest. Lionel Messi’s lawyers said in his defence that he has never examined a series of contracts between 2007 and 2009 which dealt with the income from image rights with companies such as Adidas, Pepsi-Cola, Danone, Procter and Gamble, Banco Sabadell and the Kuwait Food Company.
All we hope that Lionel Messi has nothing to do with this all kind of TAX Fraud and also quite the decision of retirement.
Image Credit:- Wittyfeed