Real Madrid’s Fabio Coentrao pays €1.7m in back-taxes and fines

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Real Madrid defender Fabio Coentrao has paid €1.7 million in back-taxes and charges after appearing in justice charged with purported taxation fraud.

Coentrao, 29, ran into difficulty with Spain’s “Hacienda” taxation authority, who pulpy charges after it was reported that he had not filed a lapse for a years 2011 by to 2014, and had been creation use of a network of abroad companies to equivocate profitable €1,291,398 in taxes due on picture rights income.

The Portugal general attended a justice of decider Monica Gomez Ferrer on Monday morning in Madrid and deposited a €1.7m that will determine his taxation situation.

Gomez Ferrer is also overseeing a box that sees Cristiano Ronaldo due in a same justice on Jul 31 to answer charges of an purported €14.7m taxation fraud.

On Jun 27, Coentrao’s representative Jorge Mendes also gave justification in front of Gomez Ferrer in a box relating to an purported €5.6m taxation rascal involving Monaco striker Radamel Falcao. During that coming Mendes told a justice that he and Gestifute staff had no impasse whatsoever in taxation issues, though only endangered themselves with agreement negotiations and sponsorship agreements.

A organisation of European media outlets reported in Dec 2016 that Ronaldo and other Gestifute represented stars had used difficult accounting structures that saw their picture rights income routed divided from Spain’s taxation complement by a network of companies in Ireland, a British Virgin Islands, Panama and Switzerland.

All a players concerned have publicly settled that they never deliberately misled a authorities. Manchester United manager Jose Mourinho claimed his taxation affairs are all now adult to date, while a source told ESPN FC that Ronaldo wants to quit a bar and leave Spain this summer after being indicted of taxation evasion.

Paris Saint-Germain winger Angel Di Maria recently supposed a one-year jail judgment and will compensate a sum of €2m in back-taxes and fines in a understanding identical to that that saw his Argentina teammate Lionel Messi accept indiscretion in summer 2016.

Coentrao, who assimilated Madrid from Benfica for around €30m in 2011, will reportedly leave to join Sporting Lisbon on loan for a 2017-18 season having depressed out of foster underneath Zinedine Zidane.

Dermot Corrigan is a Madrid-based football author who covers La Liga and a Spain inhabitant group for ESPN FC. Follow him on Twitter @dermotmcorrigan

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