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.

Posted in
right decisions

Making the Right Decisions

Making the Right Decisions Life is full of decisions. Not all of these decisions carry the same level of importance, but nevertheless, we are faced with decisions at just about every turn. In business, just like in life, people have to make choices every day. Some of these decisions are simple and don’t have earth-shattering…

Make These Smart Moves Now for the 2015 Tax Year

Make These Smart Moves Now for the 2015 Tax Year We all know that 2014 is just about over, which means soon we’ll be watching that big crystal ball drop in Times Square and kicking of another new year. A new year means new goals and resolutions, which can cover just about every aspect of…

Is the Deal Between Burger King and Tim Horton’s Really an Inversion?

Is the Deal Between Burger King and Tim Horton’s Really an Inversion?

Is the Deal Between Burger King and Tim Horton’s Really an Inversion? If you haven’t heard already, Burger King recently announced its plans to acquire Tim Hortons Inc. a Canadian coffee and doughnut chain. There is nothing wrong with that news in of itself, and depending on whom you ask there is nothing wrong with…

Who is to Blame for USA Companies Leaving the Country for Lower Taxes?

Who is to Blame for USA Companies Leaving the Country for Lower Taxes? Imagine you owned or ran a large company that was making a lot of money. However, instead of seeing all of that money count as profit, you were watching a large portion of it being taken due to the United States bloated…