Alexis Sanchez & tax fraud
According to reports out of Spain on Wednesday, Manchester United’s Alexis Sanchez has cut an agreement with Spanish prosecutors over charges of tax fraud.
This issue has been swirling around Sanchez since his days at Arsenal.
The incident relates to the Chilean’s time at Barcelona before he joined the Gunners.
The Man United forward was accused of defrauding the Spanish Treasury for almost one million euros – 983,443 euros to be exact.
The Chilean is 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.
The charges against the Man United forward stemmed from 2012 and 2013.
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 claimed 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.
Man United star cuts deal over 16-month prison sentence
Spanish paper Marca have now confirmed that Alexis Sanchez’s tax problems are over.
That’s after he’s reached an agreement to draw a line under the matter.
The 29-year-old has agreed to a suspended 19-month prison sentence. To be clear, that means Alexis will not go to jail.
The Man United star also agreed to pay the Spanish treasury all monies owed, including interest.