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Prosecutor brings $5M tax fraud case against Messi
“We are surprised,” Messi said on his Facebook account, “because we have never committed any infringement. We have always fulfilled all our tax obligations, following the advice of our tax consultants who will take care of clarifying this situation.”
A judge at the courthouse must accept the prosecutor’s complaint before charges can be brought against Messi and his father.
Forbes rated Messi as the world’s 10th highest-paid athlete. He reportedly earned $41.3 million to June this year, with $20.3 coming from his club salary and $21 million in endorsements.
Sports finance analyst at the University of Navarra, professor Sandalio Gomez, said if found guilty of evading tax on his image rights, Messi could be liable for a fine amounting to 150 percent of the earnings concealed.
Gregor Reiter, a German attorney specializing in sports law, said Messi’s difficulties show “how important it is for athletes to have excellent and highly-trained counselors and agents” to handle their financial affairs. Player payments often travel across international borders and complicate tax assessments.
Stefan Szymanski, the Stephen J. Galetti Professor of Sport Management in the Department of Kinesiology at the University of Michigan, said tax authorities can create “a demonstration effect _ everybody takes notice. Everybody thinks, I’d better pay my taxes.”
He noted that different tax rates and regulations across Europe could prompt Messi to consider playing for a club in a more tax-friendly country. “If Spain is going to become as strict as northern European countries, then maybe at that point he decides that he’s willing to move,” Szymanski said.
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