Allegations of tax fraud, dodgy transfer deals and good old fashioned dust-ups on the pitch are all creating legal headaches for football and rugby clubs and players. Fionnuala Lynch, Head of Tax, commented in The Times’ Brief, addressing allegations about Cristiano Ronaldo’s tax situation and the taxation of image rights.
Fionnuala stated that a review by the Spanish tax authorities concluded that image rights could not be held by Spanish companies but must be taxed on the footballer himself as income tax. In Ronaldo’s case, she explained, they said that if image rights were held in a tax haven or by an overseas company that amounted to criminal tax fraud.
First published in The Times Brief.