about us | editors | contact
Business

FC Barcelona Defender Mascherano Sentenced As Messi Tax Trial Date Is Set

Forbes Sunday, January 24th 2016 03:03 AM

FC Barcelona’s Javier Mascherano has pleaded guilty to two counts of tax fraud.

In a hearing that took a little more than ten minutes, Mascherano admitted that he failed to pay taxes on earnings for the years 2011 and 2012. Like many athletes before him, Mascherano’s tax woes can be tied to assigning image rights to companies located in alleged tax havens.

The Argentine footballer had previously not admitted any wrongdoing but did settle an outstanding tax bill by paying €1.5 million ($1.69 million US) in taxes plus €200,000 ($225,860 US) in interest last year.

As punishment, Mascherano was fined €815,000 ($880,078 US) and sentenced to 12 months in prison (four months for the 2011 charges and eight months for the 2012 charges). The prison sentence is largely ceremonial. As a general rule, in Spain, those who are sentenced to light sentences won’t actually serve time unless the offense involves a violent crime or if the defendant is a habitual offender. This is at the discretion of the judge; in Mascherano’s case, the defense has asked that the prison term be suspended in exchange for an additional fine.

After the proceedings, Mascherano (@Mascherano) tweeted to his fans in Spanish and in English, saying “I’m a professional athlete, I have no extensive knowledge of legal and tax issues.” He went on to say that “Throughout my career I was an honest and responsible person, respecting my teammates, the clubs that I represented and countries where I lived.” He referred to the proceedings as an “experience” that has left him stronger. 

Opinion
    Modern Yemen was established after a merge of two sovereign states- the Northern Yemen Arab Republic (North Yemen) and People Democratic Republic of Yemen
There is a lot more to make one confident about the Arab world than there is to cause despair. This may be a surprise, as every day we have to cope with more grim news; from Syria and Libya where
Extremism, especially violent extremism, is a scourge on the planet. Those who promote extremist ideologies or sponsor acts of violence in the name of Islam cannot be condoned or supported by anyone
The port of the most charming and enchanting city in Yemen- Aden- is one of the oldest and most ancient ports in the country. Its importance and strategic location contributed to its fame that can be
  Alas! I begin my speech with this word.,it reflects a deep sorrow in my heart. Innocent people were killed without remorse just because they wanted to help us! This is a Crime!! What happened
Top news
Caricature
Follow us
All rights reserved [Yemen News Network] ©2018
Designed and Developed by YOU FOR INFORMATION TECHNOLOGY