Prosecutor's Office Seek Nearly 5 Years of Prison for Carlo Ancelotti
The Madrid Prosecutor's Office requests a prison sentence for the Real Madrid coach for allegedly defrauding the Tax Agency of more than one million euros.
The Madrid Prosecutor's Office requests four years and nine months in prison for Real Madrid coach Carlo Ancelotti for allegedly defrauding the Tax Agency of more than one million euros in the fiscal years of 2014 (386,361 euros) and 2015 (675,718 euros).
According to the Public Ministry's announcement on Wednesday, the Prosecutor's Office accuses him of two offenses against the Public Treasury, as despite Ancelotti's claim of being a tax resident in Spain and stating that his domicile was in Madrid, he only declared the personal work remuneration received from Real Madrid in his income tax returns and omitted the income corresponding to the exploitation of his image rights that he had transferred to other entities.
In its statement, the Prosecutor's Office emphasizes that "in order to evade taxation for the income from these image rights," both those received from Real Madrid and from other brands for various events, the coach resorted to a "complex" and "confusing" structure of trusts and intermediary companies to channel the receipt of image rights payments.
