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.
How to Be a Conscious Leader
How to Be a Conscious Leader What does it mean to be a conscious leader? To be conscious is to be aware, or mindful, of one’s surroundings and responding to them. Thus, conscious leaders know what’s going on with the team and the department they lead. They are aware of their teams’ needs. They take…
Will Your Life Insurance Policy Be a Blessing or a Curse in Retirement?
Will Your Life Insurance Policy Be a Blessing or a Curse in Retirement? There are several ways to save for retirement. The most obvious path is to start an individual retirement account (IRA) or 401(k) and begin saving money every time you earn a paycheck. However, there are other effective ways to save for retirement.…
Is Your Withholding Setting You Up for a Painful Surprise?
Is Your Withholding Setting You Up for a Painful Surprise? It might still feel like tax time is a long ways away. But there is a very important step that everyone who receives a paycheck should take, right now. If you haven’t looked at your tax-withholding amount lately, then you really can’t afford to put…
Finally Some Good News Regarding Taxpayers’ Refunds
Finally Some Good News Regarding Taxpayers’ Refunds Remember the outcry about smaller tax refunds during the first few weeks of the tax season? Numerous reports detailed how so many taxpayers were shocked and upset about the size of their refunds. Even worse, some taxpayers were getting an additional tax bill. The complaints against President Trump’s…