Thursday, September 5, 2013

Lionel Messi pays £4.2m 'corrective payment' for incomplete tax returns.

• Barcelona star and his father pay Spanish authorities
• Lionel Messi still due to attend a legal hearing


Lionel Messi
Barcelona's Lionel Messi and his father Jorge have paid €5m (£4.2m) to the Spanish authorities after they were accused in June of filing false tax returns. The pair had deposited the sum last month as a "corrective payment", the court in Gava, near Barcelona, said.
They were still due to appear at a hearing on 17 September, although their lawyer had asked for it to be postponed as he had another commitment that day, the statement added.
The Argentinian world player of the year and his father, who both denied wrongdoing, allegedly hid more than €4m by filing incomplete returns for the years 2006-09. The sale of Messi's image rights had been hidden using a complex web of shell companies in Uruguay, Belize, Switzerland and the United Kingdom, the prosecutor's office for tax crimes in Catalonia said.
"I never take care of that stuff myself and neither does my father," the 26-year-old player said in July. "We have our lawyers and our wealth managers to take care of that and we trust them and they will sort this out. The truth is that I don't have a clue about all this and that is why we have people taking care of it."
Messi has been resident in Barcelona since 2000 and gained Spanish citizenship in 2005. He is one of the world's highest paid athletes and earns just over $20m (£12.8m) a season in wages and bonuses, according to Forbes magazine. He also pulls in some $21m in endorsements from sponsors including Adidas, PepsiCo, P&G and Turkish Airlines and is 10th on Forbes's latest list of top-earning athletes.(Source:The Guardian)

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