Wednesday, January 23, 2019
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Exempt...
Global soccer icon Cristiano Ronaldo has signed an agreement to pay $21.6 million in fines after he pleaded guilty to tax fraud in a Madrid court.
The state prosecutor had accused Ronaldo of tax fraud from 2011 to 2014 worth around $16.7 million.
The court also handed him a two-year suspended sentence, but under Spanish law, this means he will not face jail time.
The recent convictions of the high profile soccer players is due to the removal of a tax exemption for players, according to the BBC.
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