Nothing ventured nothing gained. It's not like these people will ever go to jail.
Ronaldo to pay 15 millions for tax fraud
- Thread starter barros
- Start date
It does indeed. There are two related Beckham Law effects. One gave him a tax rate of 25% (not 50%) on income earned in Spain - Real Madrid will have paid this on his wages, but other image rights income coming from other companies may not have been correctly identified as Spanish income. The other concession said no Spanish tax on overseas earnings. Both those concessions have now run out and he's on the standard Spanish tax system.
The case seems to hinge around a late attempt to legalise a bunch of Spanish earnings at the 25% rate, just before his eligibility to claim the concession ran out.
Typically if you pay the tax before the tax office stats investigating then there are only fines for late declaration and added interest payments. But with the amount of money involved the tax office can continue looking for fraud - particularly if they think there are some late contract dodges going on. At a guess the case is about whether his deal to sell his image rights company to Peter Lim was a real (and correctly dated) business deal or not.
I would dodge the feck outta that. They could call me a prick and a scumbag as much as they want
But why? He made almost 100m last year didn't he? How much money does one really need?
I bet he pays his taxis in full though unlike the real Ronaldo.Taxi for FC Ronaldo!
It's a matter of principle. I hate taxes but i don't want to discuss it further.
Do you pay your taxes? or do they just deduct from your wages?
The number of self-employed people in this country alone stands at 4.75 million so needless to say it's not exactly rare to find people who do their own taxes (source: https://www.ons.gov.uk/employmentan...mployeetypes/bulletins/uklabourmarket/dec2016).
Spain's is 3 million (source: https://www.eurofound.europa.eu/obs...-self-employment-in-the-spanish-labour-market)
People like Ronaldo (or more likely his agent and advisors) are clearly just trying to avoid paying tax. It doesn't matter how many goals he knocked in for our club. It's morally and legally wrong.
It is when these people go round hospital patting poorly kids on the head, when the taxes they aren't paying might pay for the operation they need or a new ward, or more nurses.
Automatic deduction. That doesn't change my question one bit.
How hard is it to pay your taxes?
More so, how hard is it for Ronaldo's accountants to pay his taxes?
You're right! But imagine the government taxed you 42% of your earnings! Nearly half your money isn't actually yours.
He would be stuck with a mere 58 million.
Exactly!
And it's seemingly becoming a regular occurance for big name stars in Spain to be investigated for this.
If you can pay less tax legally, then surely just about everyone would choose to do so?
The average American is paying around 30% in tax between federal and state income and welfare taxes. This doesn't include sales tax and property tax.
42% on €100m can cry me a river
Lock him up, can do his siii in prison
He'd come out looking like his gold sculpture?
(And his ass would look just as bad).
I paid roughly that for years back in the UK and I wasn't making millions.
I lived there 12 years, never needed to buy a car. Transport works. Healthcare work (ed?). Education works. It's safe, it's clean... Whatever I saved was mine to invest or waste away.
All relative I guess as everyone around me complained, but here I am paying 30+% in South America and getting sweet FA for it so you end up not saving because with the other 70% you have to pay for security, private healthcare, private education...
Same here in the USA. I'd gladly pay 42% for the trade off
Good to see Ronaldo and Messi battle it out not just in football.
Usually have to pay the 42% over 120k a year I think it is, honestly it's brutal knowing that money is being taken from me, but unlike yourself, I haven't been in the situation where I'm earning that much! So I'm guessing the 42% was much preferred for yourself?
Honestly being a footballer, knowing you won't get put away for evading, it's probably a lot easier to try evade until you get caught then pay up the lot and fine. Really depends if you're crazy about money!
Not Ronaldo, but in other cases (Mascherano and Xabi Alonso I think) it was the same people doing taxes for those guys and a couple more.
Probably someone was a wise-ass and told his friends that he had some great lawyers that saved him a lot of money, and then lots of players went running to them or other people in the same line of work
Until they start locking these criminals up they'll carry on regardless of fines.
The actual scandal here is that any government has the right to tax an individual such an obscene amount. Ronaldo has directly helped so many people through charity which I prefer to handing over his money to corrupt governments which will waste it on illegal wars, bailing out big corporations or 'saving' Greece. Until states focus on their limited number of core functions I'll always be supporting so called 'tax cheats'.
Not sure what the question is.
I'd agree that it removes the motivation to "do better". Basically, at that stage you are effectively starting to trade off quality of life for any further salary increments and those get slashed 42% so no, it isn't pretty, it's a bummer, but you can't complain either because you have everything you need (unless you have expensive tastes/habits/need to show off, while -as I said- I didn't even have a car).
Thing is these guys are at an entirely different level, they make that sort of money in A FEW DAYS. I really can't fathom how being in such a privileged position that you make in a year what most don't make in a lifetime, you can somehow take issue with giving back to society money that you don't need anyway. Their sense of entitlement is astounding.
Living in Norway I am well aware of how important taxes are considering the amazing wellfare we have. However, if there are legal loopholes I don't blame anyone for using them. Would be daft not too.
So it is fine that regular folk are left to bear that burden. Awesome.
A very real possibility there.
What's a "non-obscene" amount to tax a millionaire?
There are several types of tax fraud
One is pure manipulation of data, and the other is just clever accounting trick to make you play less.
One is pure manipulation of data, and the other is just clever accounting trick to make you play less.
What a rotten scumbag. Can't stand rich people who evade tax, despite earning more money than they'll ever spend during their lifetime. Fecking immoral twats.
which is not fraud.
I don't think Ronaldo himself actually does it (if, he does it - remember it's only alleged at the moment). Rather his accountant or agent will handle his money for him. That's not to say he isn't responsible, just rather I'd question his ability (intelligence) to do it himself.
When you're earning the amounts he is, you can still afford pretty much everything you want. Unless he wants a yacht or a jet, but even then he just has to do what the rest of us do and save up a little (legally). It can only otherwise be because he wants to increase his 'net worth', for a lack of explanation for pure greediness.
It's not fair that people like this can avoid tax. I'm sure plenty of UK footballers exploit loopholes, in fact I bet some of our own players do it. The burden gets put on the rest of us, and we're actually the ones who have already paid out of our own pockets to make the players wealthy in the first place.
When you're earning the amounts he is, you can still afford pretty much everything you want. Unless he wants a yacht or a jet, but even then he just has to do what the rest of us do and save up a little (legally). It can only otherwise be because he wants to increase his 'net worth', for a lack of explanation for pure greediness.
It's not fair that people like this can avoid tax. I'm sure plenty of UK footballers exploit loopholes, in fact I bet some of our own players do it. The burden gets put on the rest of us, and we're actually the ones who have already paid out of our own pockets to make the players wealthy in the first place.
Obscene amount?
Income tax is only one part for the wider tax picture. When you take into account flat rates, such as the Spanish equivalent of VAT, council tax, capital gains tax etc you'll find he's handing over much less than 42% of his income.
As a percentage of income you're probably paying more tax than him.
The point is that you're always going to have rich people and less rich people. It's unfair that there is an increasing burden on the public to maintain the same amount of tax money generated. These laws that 'allow' for tax benefits and make it legal on paper only exist because of lobbying, not because of some upstanding moral reasoning by the government. So the fact that it's legal on paper doesn't mean anything to me. If the mafia donated enough money, loansharking would still be legal today. (Probably not but you get the point)
It's about time everyone starts paying the same amount of percentage of their income. Wealthy people will remain wealthy and if they ever find themselves in difficult financial situations they can rely on social safety/social security nets that are designed and paid for with tax money.
It's about time everyone starts paying the same amount of percentage of their income. Wealthy people will remain wealthy and if they ever find themselves in difficult financial situations they can rely on social safety/social security nets that are designed and paid for with tax money.
Sure, right now I'd try to pay as little tax as I could. But then I'm on peanuts and am probably going to be in debt my whole life trying to afford a house etc
If I was earning millions each year then I don't think I'd have a problem paying 42%. He literally has more money than he can spend in his lifetime. At that point I don't understand why people try their hardest to pay less tax.
Jesus Christ, here I am bitching over 25%...
Didn't a lot of UK players get done or ripped off for trying to channel their money in some fly by night scheme?? People just seem to get greedier the more money they accumulate....unless they're Bill Gates. Even our upstanding politicians had a crack at the expenses and second homes fraud a while back. I don't care who they are they should be punished.
Some poor sod on benefits who is trying to eke an extra few quid out of the system to survive, albeit dishonestly always seems to feel the strong arm of the law that is very quick to penalise them and reclaim the money back. That's the bit that pisses me off the most.
Some poor sod on benefits who is trying to eke an extra few quid out of the system to survive, albeit dishonestly always seems to feel the strong arm of the law that is very quick to penalise them and reclaim the money back. That's the bit that pisses me off the most.