Price Check

Friday, June 29, 2012

Footballer Samuel Eto'o accused of tax evasion in Spain, risks jail term

A Spanish public prosecutor has accused Cameroon striker Samuel Eto'o of conspiring to evade 3.5 million euros in taxes owed on income from his image rights when he was playing for Barcelona between 2006-2009.

The former Barca and Inter Milan player, now with Russian Premier League club Anzhi Makhachkala, is accused of four tax offences, each punishable with up to five years in prison and a fine of as much as 21 million euros.

The case presented by the prosecutor on June 15 at a Barcelona court, and which was seen by Reuters on Thursday, asks a judge to open proceedings against the player before the statute of limitations on one of the alleged offences expires on Saturday.

Spain recently launched a drive against tax evasion as it struggles to meet tough European deficit reduction targets that have meant budget cuts for hospitals and schools.

Eto'o allegedly created two companies, one in Hungary and another in Spain, and used them to channel income obtained from ceding his image rights to Barca and sportswear maker Puma, the prosecutor said.
The Hungarian company paid one of the lowest corporate tax rates in Europe - 10 percent to 19 percent - while the Spanish company paid a reduced corporate tax rate of 30 percent to 35 percent, instead of the 45 percent income tax rate, the charge said.

Eto'o also allegedly used the Spanish company to deduct personal expenses, such as payments for his mortgages, furniture and expenses related to his luxury cars, the complaint added.

Eto'o and his club could not immediately be reached for comment. The prosecutor also accused Eto'o's former agent, Jose Maria Mesalles, and the manager of the Spanish company, Manuel de Jesus Lastre, of the same tax offences.

Eto'o filed a lawsuit against Mesalles at a Barcelona court last year, accusing him of betraying his trust and of embezzling money, local media said.

 Eto'o and his club are yet to respond to the allegations.

(Reuters)

17 comments:

Anonymous said...

Crase Man says......
Come oooo, what is it with all these black rich celebrities and tax evasion. From Wesley Snipes, Jermaine Dupri all the way down to Eto now. We never hear the likes of David Beckham or Tom Cruise doing all that. Abi, we still get that slave trade mentality to the point where we see money and run.

Chikaka said...

Sharp guy. I bet there are others and I hope he's not the only one they are going after. If the laws are lax, people will use it for their gain. Similar to the one that raged in the UK last week (Jimmy Carr & Gary Barlow got caught up.)

Anonymous said...

Dat one concern dem, abi na me and dem chop the money?

Anonymous said...

Happens a lot with rich people, they just don't like paying taxes.
Well, they do get taxed a lot.

Anonymous said...

June 29, 2012 2:49 PM those names you mentioned that were or have not been caught are smart

SUE JORDAN said...

WHO IS HIS ACCOUNTANT....AM PRETTY SURE HE DOSNT DO HIS BOOKS HIMSELF....ALTHOUGH IGNORANCE IS NO EXCUSE SHA...

Anonymous said...

ONOME says......
Wetin I wan talk?To pay tax no easy o,chai.The one for this iya charlie place dey cripple person no be small.Guy pay up o.Make person enter prison cos of tax evasion?:(

Anonymous said...

You've got the pay your taxes dude. No excuses

Anonymous said...

R Kelly is on the list as well..one thing being clever diverting funds to an offshore account..paying a lower tax rate..another thing not paying due tax or evading tax..@str8frmdahips

His royal majesty said...

Eto pass this rubbish guy go setttle ur debts abi jim iyke don teach u how to dey do magomago

Anonymous said...

Time to pay back into their economy what they enrich u with. Crazy set of people.
ME

Anonymous said...

You pay as you earn. Big bucks equal big tax payment.

Anonymous said...

Mr Crase, there r a lot of rich white celebrity folks who also evade taxes. Martha Stewart comes to mind, and a whole lot more. Evading taxes isn't a black thg. Its a human thg.

deekay said...

Stingy ppl!! Pay d goddamn tax!! Poor ppl r struggling to keep up with theirs. Put money aside for this. Spend wisely. Haba!!

Anonymous said...

Na wah oohhh

Anonymous said...

Abeg Etoo na thief?

Anonymous said...

Samuel etoo, u funny. Wid all the money u makin. U don't wanna pay for p***y well well, alwayz givin bitchez poket change, now tax. C where its takin u. Whoever told u the best things in life are free lied to u