Business

Review: Celebrities in Dock Due to Tax Evasion

Tax evasion is an illegal activity where individuals or organizations deliberately avoid paying their true tax liability.

This misconduct has significant ramifications, both economically and socially.

Shakira’s Tax Evasion Case

Shakira, a Colombian pop star, faced legal challenges in Spain over accusations of tax fraud.

A judge in Spain mandated that Shakira stand trial for these allegations. The issue revolved around her failure to pay 14.5 million euros in Spanish income tax between 2012 and 2014​​​​​​.

Ultimately, Shakira reached a settlement with Spanish prosecutors, who had charged her with six counts of tax evasion in 2018​​.

Lionel Messi’s Tax Evasion Saga

Spanish court convicted Lionel Messi due to of tax evasion in July 2016.

This verdict resulted in a 21-month prison sentence for Messi. However, due to the nature of the sentence, he was unlikely to serve actual jail time​​​​.

Messi and his father, who also received the same sentence, had the option to avoid prison by paying an additional fine.

Specifically, Messi was fined an extra €252,000 ($287,000) to circumvent the prison sentence​​​​.

Cristiano Ronaldo’s Tax Fraud Issue

Cristiano Ronaldo, another football superstar, appeared in a Madrid court to plead guilty to tax fraud, agreeing to a nearly 19 million euros . This case stemmed from his tenure at Real Madrid and involved evading taxes worth 14.7 million euros​​​​.

Ronaldo was fined 3.2 million euros and received a 24-month prison sentence.

Broader Context

The cases of Shakira, Lionel Messi, and Cristiano Ronaldo highlight a broader trend of tax evasion among high-profile celebrities.

These cases shed light on the complexities of tax laws and the responsibilities of individuals with substantial financial resources.

They also illustrate the significant consequences and public scrutiny that can arise from tax-related legal issues, even for global celebrities.

Tax evasion remains a critical issue worldwide, impacting government revenues and equitable tax distribution.

The high-profile nature of these cases brings attention to the need for transparency and compliance in financial matters.

Related Topics :

Shakira in court in Spain over alleged tax fraud

GAZT Calls for Submission of Oct. Tax Returns

Zakat, Tax Authority Defines Criteria for Selecting Establishments for 2nd Phase of E-invoicing

 

 

Short link :

Related Stories

Back to top button