Currency Converter

Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).


SBD Global/June 24, 2014/Finance

Barcelona's Bill For 'Neymar-Gate' Could Reach $30M If Tax Fraud Charge Sticks

The Spanish tax authorities have "yet to settle proceedings over 'Neymar-gate,'" according to Luis Fernando Rojo of MARCA. This concerns the Brazilian's move to Barcelona and the "dubious payments made to the player himself and companies in his family's name." Barça has "already paid" the Spanish Inland Revenue Service €13.5M in relation to "their failure to pay tax equating to 25% of the various signing-on fees set out in the deal with the forward." However, the club has "always protested its innocence on this count and claimed that the issue was a matter of interpretation." If Barcelona is "ultimately found guilty of tax fraud or reach a settlement with the authorities, the absolute minimum they will have to fork out" is 65% of the amount the club initially failed to pay -- which means "at least" €8.7M ($11.8M) (MARCA, 6/23).
Return to top

Related Topics:

Finance, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug