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Real Madrid’s Marcelo being investigated for alleged tax fraud

Posted By: Doraiah Vundavally October 3, 2017

Real Madrid's Marcelo being investigated for alleged tax fraudMadrid, Oct 3 (IANS) Spanish tax agency AEAT on Tuesday launched a tax investigation against Real Madrid's defender Marcelo for an alleged tax offence dating from 2013 and related to his image rights, totalling 400,000 euros ($470,000).

The Brazilian footballer had settled this case back in 2015, but it was not handled properly, according to information from Spanish media confirmed by Efe.

The AEAT pointed out that the prior settlement was based on corporate tax provisions and not as individual income, thus infringing Spanish tax regulations.

 

The case is now in the hands of the state's financial prosecution, which will decide if there was intention to commit fraud or not.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Real Madrid's Marcelo being investigated for alleged tax fraud

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.