The Spanish Tax Office has started an investigation against Cristiano Ronaldo for tax evasion regarding €14.7 million in revenue received by the footballer between 2011 and 2014.
According to the allegation, Ronaldo used an offshore company to “create a screen in order to hide his total income from Spain’s tax office”.
In the case at hand, this income was from different merchandising and advertisement campaigns which were using the image and reputation of the footballer. The licensing of such rights can be really profitable. The practice shows that some sportsmen earn more money based on such activities than from their professional career.
Source: WIPR.
INTELLECTUAL PROPERTY PLANET 