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Wednesday, 6 July 2016

Lionel Messi and his dad sentenced to 21 months for tax fraud

Barcelona striker Lionel Messi and his father have been sentenced to 21 months in jail by a court in Spain on Wednesday for tax fraud and slapped them with a fine of 3.7 million euros ($4.1 million) sentenced.

But these prison sentences are likely to be suspended as is common in Spain for first offences for non-violent crimes carrying a sentence of less than two years.
The Argentina and Barcelona star and his father Jorge Horacio Messi were found guilty of using companies in Belize and Uruguay to avoid paying taxes on 4.16 million euros of Messi‘s income earned from his image rights from 2007-09.
The income related to Messi‘s image rights that was allegedly hidden includes endorsement deals with Banco Sabadell, Danone, Adidas, Pepsi-Cola, Procter & Gamble and the Kuwait Food Company.

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