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SBD Global/June 24, 2014/Finance

Lionel Messi Makes $30M Payment To Tax Authorities For Debts From '10-12

Lionel Messi on Friday paid Spain's tax authorities €22M ($30M) to "cover his debts" corresponding to '10-12, according to Eduardo Magallón of LA VANGUARDIA. This payment is "independent of the ongoing judicial process against Messi and of the prosecutor's request last week that Messi be cleared of tax evasion" (LA VANGUARDIA, 6/22). MARCA reported Messi "has now voluntarily made an additional tax declaration for the years 2010, 2011 and 2012." To balance the books, the footballer will "sign a financial guarantee" to pay a total of €25M ($34M) before '18. The fine resulting from the €4.1M ($5.6M) fraud "still remains outstanding." Messi's cooperation with the tax office "looks likely to be taken into consideration to secure him the minimum penalty, which is 65% of the amount defrauded" --  €2.7M ($3.7M) (MARCA, 6/23).
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