Friday 29 June 2012

Eto'o Fils risks jail term as he is accused of tax evasion in Spain.

According to Reuters, Cameroon striker Eto'o Fils stands the risk of a 5 year jail term for tax evasion after a Spanish public prosecutor has accused him of conspiring to evade 3.5 million euros in taxes owed on income from his image rights when he was playing for Barcelona between 2006-2009.

The former Barca and Inter Milan player, now with Russian Premier League club Anzhi Makhachkala, is accused of four tax offences, each punishable with up to five years in prison and a fine of as much as 21 million euros.

Eto'o allegedly created two companies, one in Hungary and another in Spain, and used them to channel income obtained from ceding his image rights to Barca and sportswear maker Puma, the prosecutor said.
The Hungarian company paid one of the lowest corporate tax rates in Europe - 10 percent to 19 percent - while the Spanish company paid a reduced corporate tax rate of 30 percent to 35 percent, instead of the 45 percent income tax rate, the charge said.
Looks like rich black celebrities have a problem with paying taxes. Wesley Snipes,R Kelly, Jermaine dupri etc..just saying....

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