Barcelona and Argentina midfielder Mascherano admits to tax fraud charges

1446118882-mascherano

It has not been a good week for Javier Mascherano; sent off in Barcelona’s victory against Eibar for insulting the linesman, consequently handed a two-game ban and this morning admitted to two counts of fraud against the Spanish tax authorities, totalling €1.5 million ($1.6 million).

Mascherano appeared in court in Gava, close to Barcelona, but was only present for a couple of minutes as he admitted to concealing part of what he earned in image rights during 2011 and 2012, shortly after he arrived at Barcelona from Liverpool.

A source at the court explained the brevity of Mascherano’s court appearance, saying: “Mascherano admitted the facts of the two counts of tax fraud, so there was no need to interrogate him.”

Last month is was reported that Mascherano had repaid the €1.7 million, which was the full amount plus interest, and so he may avoid a further fine and a trial but the Superior Court of Justice in Catalonia ordered that the case be heard. However, with the amount paid and Mascherano’s admission, the Argentina international’s lawyers expect a deal to be reached and a trial to be avoided.

The €1.5 million in undeclared earnings is supposedly from his Nike sponsorship earnings and image rights in 2011-12. The Nike earnings were kept in a holding company in the United States and his image rights in a company set up in Portugal, and the tax authorities claim that tax was not paid on these earnings despite Mascherano already being a Spanish resident at the time.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.