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.
What Makes a Boss Truly Great?
What Makes a Boss Truly Great? How do you feel about your boss? If you’re a boss, how do your employees feel about you? In reality, the term boss doesn’t have the greatest connotation. That being said, some people still have great “bosses.” But what makes a boss, or a leader, great? Great companies offer their…
Will This Tax Season Cause Even More Stress Than Normal?
Will This Tax Season Cause Even More Stress Than Normal? Life is full of stress. And tax season can be one of the most stressful times of the year. Plus, with the new tax changes this year, things could get even more complicated for many taxpayers. It’s enough to blow your mind and send you…
Most Americans Not Aware of Important Tax Changes – Are You?
Most Americans Not Aware of Important Tax Changes – Are You? Do you like change? If you answered yes, then chances are you’ll enjoy this tax season. However, not everyone enjoys change and for some this tax season will be an even bigger headache than normal. But ready or not, tax changes are here and it’s up…
Many Taxpayers Surprised by Smaller Refunds
Many Taxpayers Surprised by Smaller Refunds Sticker shock in the retail industry is not uncommon. But many taxpayers, this year, have been getting somewhat of a sticker shock when it comes to their tax refunds. That’s because so far this tax season, refunds have been down. Way down. The Tax Cut and Jobs Act came with…