Alexis Sanchez accused of tax fraud
Bad news has broken in Spain on Tuesday night for Arsenal striker Alexis Sanchez.
According to El Periodico, Alexis Sanchez has been accused of tax fraud in Spain stemming from his time with Barcelona.
The Gunners star has been accused by prosecutors of defrauding the Treasury for almost one million euros – 983,443 euros to be exact.
The Chilean is now the fifth player connected to Barcelona to be implicated in a case of unpaid taxes during their time at the Camp Nou.
The other players are Leo Messi, Samuel Eto’o, Adriano and Javier Mascherano.
So what happened?
The charges against the Arsenal forward stem from 2012 and 2013.
Alexis Sanchez received sizeable revenues for his assignment of image rights when he joined Barcelona. Alexis needed to pay income tax on that money.
But the prosecution claim that Sanchez avoiding paying any tax by “simulating” the transfer of his rights to an off-shore shell company in Malta called ‘Numidia’.
Alexis Sanchez owned 99% of the shares in Numidia.
Alexis stands accused of failing to pay two quotes of income tax: 587,677 euros for 2012 and 395,766 euros for 2013.
The prosecutor has declared that neither in 2012 nor in 2013 did Alexis Sanchez declare any income derived image rights.
Alexis also made no tax declarations for dividends from Numidia.