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
The Tax Side of Dealing in Collector Cars

The Tax Side of Dealing in Collector Cars

The tax side of dealing in collector cars can be quite interesting.  Are you a collector? People collect all kinds of different things, including stamps, art, sports cards, jewelry, coins and cars to name just a few. Speaking of collectors, collectibles can be a great hobby but they can also draw the attention of the…

Prasad Kaipa; Dumb decisions

Prasad Kaipa: Spiritually Connecting with Others

Prasad Kaipa, Spirituality Connecting with Others, interview transcript, by Alan Olsen for The American Dreams Show: Alan Olsen: Can you share a little about your background? Prasad Kaipa: I got a PhD in physics from India, the Indian Institute of Technology in Chennai. And that was in 1981. And I came to University of Utah,…

Karen Schmeiser

Karen Schmeiser: Journey of Faith

Karen Schmeiser, Journey of Faith, interview transcript, by Alan Olsen for The American Dreams Show: Alan Olsen: Can you give us a little background on your Journey of Faith you did journeys of faith, how many paintings are inside of that? Karen Schmeiser: Okay, there’s five paintings. And if you want to know a little…

Life Built Upon Pillars - The Venice Life-Structure

Life Built Upon Pillars – The Venice Life-Structure

Is your life built upon pillars? Will your future wealth be dependent on today’s income? As always, it depends! It depends on so many factors that even tomorrow can be a game changer in either a wealthier direction or into a more uncomfortable financial situation. Therefore, it is important to have a strong structure from…