Category: Sport

Sol Campbell clashes with Labour MP over mansion tax on his £25million house in Chelsea and Northumberland ‘country pile’

Sol Campbell owns £25m house in London and Northumberland mansion He appeared on BBC2’s Daily Politics to explain mansion tax was unfair Ex-England footballer said proposed levy was a ‘tax on aspiration’ He said Labour should instead pursue companies who had avoided tax But MP Owen Smith said people had… – Continue reading

Switzerland’s wealthy expats braced for vote on tax break

ZURICH (Reuters) – Many of Switzerland’s foreign millionaires will be watching nervously on Sunday as voters decide whether or not to scrap one of the country’s biggest tax perks for expatriates. Switzerland’s system of charging foreign residents with no gainful activity in the country a lump sum based on their… – Continue reading

Hiding Assets Under Pet Names Looks Willful, Even For Lionel Messi With 400 Goals

There is nothing illegal about tax planning. Yet some things are legal while others are not, and the lines can sometimes get fuzzy. Add to that the fact that some people go to extraordinary lengths to avoid paying taxes, and it can be a recipe for disaster. Increasingly, if you… – Continue reading

Tax breaks for rich foreigners under fire in Switzerland

Lump sum taxation, the tailor-made measure tax regime designed to attract wealthy foreigners to Switzerland, is facing a crucial test as voters head to the polls on November 30 to decide whether or not to abolish the system for good. Proponents of the initiative say lump sum taxation is unfair… – Continue reading

Is tax the reason Tim Cahill is cranky?

According to a report published in the Sydney Morning Herald on October 6, Tim Cahill may be dealing with an irksome tax problem, stemming from investments made when he was living and working in England. The newspaper claims to have seen documents linking Cahill to a company called Phoenix Film… – Continue reading

Manny Pacquiao Ordered To Explain His Taxes In Court: Is Pacman Now Taxman?

On top of his many boxing titles, including world championships in eight weight classes, Manny Pacquiao is on tap for a possible Senate seat in 2016. First, he has to get his taxes resolved. The Supreme Court of the Philippines ordered the boxing champ and potential Senator to answer the… – Continue reading

Barcelona star Lionel Messi to face tax evasion trial

Barcelona and Argentina star Lionel Messi is to face trial for alleged tax evasion, a Spanish judge has ruled. The judge rejected a prosecution recommendation to drop the charges on the grounds the player’s father was responsible for his finances. Messi and his father Jorge are accused of defrauding the… – Continue reading

Hiding Assets Under Pet Names Looks Willful, Even For Lionel Messi With 400 Goals

There is nothing illegal about tax planning. Yet some things are legal while others are not, and the lines can sometimes get fuzzy. Add to that the fact that some people go to extraordinary lengths to avoid paying taxes, and it can be a recipe for disaster. Increasingly, if you… – Continue reading

Now David Beckham is set to receive tax demand: HMRC targets celebrities and sportsmen who have invested in potential tax avoidance projects

David Beckham, cricketer David Gower and Conservative MP Andrew Mitchell are among those set to receive tax demands totalling millions of pounds after investing in potential tax avoidance projects. HM Revenue & Customs is understood to have been sending out letters to investors in film finance schemes set up by… – Continue reading

Leicester City defender Matthew Upson linked with Inside Track tax avoidance?

Leicester City defender Matthew Upson is being linked to a scheme that is currently being investigated for tax avoidance. According to the Leicester Mercury, the 35-year-old could end up paying out thousands of pounds as a result of the investigation. The former England international reportedly invested in the Inside Track fund, which gives benefits… – Continue reading

Massimo Cellino’s Leeds reign under renewed threat after tax evasion ruling

 Italian judge rules Cellino guilty of ‘Machiavellian’ tax evasion • Football League rules bar club owners convicted of dishonesty • Cellino’s lawyer says judge’s ruling is ‘full to the brim of errors’ • How an elegant yacht became vital to Leeds United’s future • Cellino: I don’t know why I… – Continue reading

FIFA panel member is stood down during Cayman Islands corruption probe

A member of FIFA’s financial watchdog panel has been temporarily suspended while implicated in the Cayman Islands corruption investigation. Canover Watson was questioned last month by police anti-corruption and financial crime units in his native Cayman Islands on suspicion of corruption and money-laundering. He denies wrongdoing. FIFA said audit committee chairman… – Continue reading

FIFA audit panel asks member quizzed in Cayman Islands corruption case to explain his arrest

FIFA’s financial monitoring panel has asked one of its members to explain his arrest in a corruption case. Canover Watson was detained in his native Cayman Islands on Aug. 28 by police anti-corruption and financial crime units. Local media reported that Watson was quizzed about alleged money laundering and abuse… – Continue reading

Another French footballer on tax evasion radar

Switzerland is cooperating with French tax authorities over an investigation of alleged tax fraud involving former French footballer Marcel Desailly. The notice of Swiss cooperation was published on Tuesday in the Federal Gazette. Desailly, captain of the French football team from 2000 to 2004, allegedly holds or has held assets… – Continue reading

Judge rules tax fraud case against Messi will go ahead

(Reuters) – A Spanish court will push ahead with the process of prosecuting Argentina and Barcelona forward Lionel Messi for alleged tax evasion despite a recommendation from the public prosecutor the charges be dismissed. The prosecutor argued in June that Messi’s father Jorge was responsible for the family’s finances and… – Continue reading

Brazil’s Scolari under investigation for alleged tax evasion in Portugal

Luiz Felipe Scolari is the subject of a criminal investigation in Portugal, authorities said Wednesday, bringing an unwelcome distraction for the Brazil coach as his country prepares to host the World Cup. Officials wouldn’t say what the investigation is about. In Portugal, ongoing investigations fall under the country’s judicial secrecy… – Continue reading

Tax dodgers in Germany rush to come clean after Hoeness trial-paper

The tax evasion trial and conviction of former Bayern Munich president Uli Hoeness triggered a wave of self-disclosures resulting in 16,926 tax dodgers turning themselves in during the first four months of the year, a newspaper reported on Sunday. The Welt am Sonntag newspaper said it had surveyed finance authorities in Germany’s… – Continue reading

Trial of ex-Bayern president Hoeness prompts surge in number of Germans confessing tax evasion

BERLIN — The high-profile tax evasion trial against former Bayern Munich president Uli Hoeness has prompted a surge in the number of Germans turning themselves in to authorities for failing to properly declare their taxes. Munich daily Sueddeutsche Zeitung reported Wednesday that some 13,000 sought to escape prosecution by submitting… – Continue reading

Bayern’s Hoeness tax evasion sentence won’t be appealed by prosecutors

MUNICH, Germany — German prosecutors said Monday they won’t appeal against Uli Hoeness’ 3 1/2-year sentence for tax evasion, clearing the way for the former Bayern Munich president to start his prison term. Hoeness, one of German football’s most prominent figures, was convicted last Thursday of evading about 28.5 million… – Continue reading

Argue later but pay NOW says taxman: Shock order means big bills for thousands in avoidance schemes

Celebrities and major companies locked in legal battles over tax-avoidance schemes will be forced to pay up before their cases are resolved, under new rules to be introduced in this week’s Budget. The rules will hit 65,000 companies and individuals in dispute with the taxman over their use of complex… – Continue reading

£1billion ‘film tax bill for stars’: String of household names face paying huge sums over scheme that linked box office hits to tax breaks

Bob Geldof, Anne Robinson and Victoria Beckham said to be also among the 1,000 household names affected They each paid a minimum £100,000 to invest in a movie venture that promised to combine box office hits with tempting tax breaks A string of celebrities from David Beckham to Andrew Lloyd… – Continue reading

Germany’s Bayern football boss to face tax trial

BERLIN: German football legend Uli Hoeness (pix), boss of champion club Bayern Munich, will face a high-profile tax evasion trial from Monday, accused of having stashed away millions in Switzerland. The folksy 62-year-old Bavarian club president, who also runs a flourishing sausage company, was arrested and bailed almost a year ago… – Continue reading

Bundesliga – Bayern chief Hoeness to go on trial on tax evasion charges

Bayern Munich president Uli Hoeness, once one of Germany’s most admired managers, goes on trial on Monday charged with tax evasion in a case that has shocked the nation and changed attitudes towards paying taxes. Hoeness, 62, who helped turn Bayern Munich into one of the world’s most respected clubs and won… – Continue reading