Soccer Star Will Have to Go to Trial for Alleged Tax Evasion

The ongoing tax saga of soccer star Lionel Messi will continue. That news comes after a judge in Spain ruled that the Barcelona FC star would indeed have to stand trial for tax fraud charges in association with his many endorsement deals with foreign companies. The news comes just days after a report stated that Mr. Messi would not have to go to trial, and that only his father would face the courtroom.
Not So Fast
However, the Spanish judge ruled otherwise and said that Mr. Messi and his father should both have to go to trial. Even though his lawyers argued that Mr. Messi did not have any hands-on dealings with his endorsement contracts, the judge ruled that he “couldn’t have ignored” that a large part of his revenue was coming from foreign companies. If he is convicted, the soccer star could receive a sentence for as long as 22 months.
No Jail Time Likely
However, the good news for Mr. Messi is that even if he is found guilty of the charges he will most likely not spend any time behind bars. That’s because sentences for financial crimes shorter than two years are typically suspended according to Spanish law. In addition, Mr. Messi and his father have reportedly either already paid, or have agreed to pay, the missing tax money, plus interest.
Choosing a Business Entity that is Right for You
Choosing a Business Entity that is Right for You Have you decided to venture out on an entrepreneurial limb? If yes, there is an array of business structures that you can choose from. There are different tax liabilities dependent upon which business structure that you choose. Below, we briefly explore the different entity options. 1.…
Creating a Positive Work Environment
Creating a Positive Work Environment “BEEP…BEEP…BEEP…BE-.” Hit the snooze on the alarm for the fifth time. Shower. Breakfast. Read the latest news headline on your iPad. Race off to work to begin another day in the cubicle. Since most people see their lives as highly repetitious, how do you create an environment where your employees…
Saving Lives Through Glycoproteomics | Aldo Carrascoso
Saving Lives Through Glycoproteomics | Aldo Carrascoso We hope you found this interview about “Saving Lives Through Glycoproteomics | Aldo Carrascoso” enjoyable. To receive our free newsletter, contact us here. Subscribe our YouTube Channel for more updates. This transcript was generated by software and may not accurately reflect exactly what was said. Alan Olsen, is the Host of…
Tips to Start Planning Next Year’s Tax Return
Tips to Start Planning Next Year’s Tax Return Source: IRS.gov For most taxpayers, the tax deadline has passed. But planning for next year can start now. The IRS reminds taxpayers that being organized and planning ahead can save time and money in 2014. Here are six things you can do now to make next April…