Manchester United boss to pay £1.78 million to settle Spanish tax evasion case

Manchester United boss to pay £1.78 million to settle Spanish tax evasion case
12 Sep 2018

Football manager Jose Marino has agreed to pay a £1.78m (US$2.3m) fine to settle a tax evasion case in Spain.

The Manchester United boss was accused by the Spanish tax authorities of failing to declare £2.9m (US$3.8m) in revenues, according to The Sunday Express.

Portuguese-born Mourinho is believed to have confirmed in writing that he hid income generated from images rights earned between 2011-2012. Spain’s Tax Agency claimed Mourinho had failed to pay the Treasury almost £1.5million (US$1.9m) in 2011 and more than £1.5million (US$1.9m) in 2012.

It is thought the Spanish Treasury started looking into Mr Mourinho’s finances in 2014. Football Leaks, the football counterpart to WikiLeaks, published a series of documents in 2015, which alleged Mourinho had moved money to a tax haven. According to The Sunday Express, he received the concealed income through Koper Services SA, a company based in the British Virgin Islands.

Mourinho is believed to have received a six-month prison sentence for each of two crimes. Under Spanish law first-time offenders do not typically serve sentences of two years or less, which meant the jail term was suspended.

But British daily newspaper The Daily Mail disputes this version of events and reported that “sources close to the United boss” denied the Spanish authorities gave the 55-year-old a one-year suspended prison sentence. They insist instead that a fine was agreed this summer.

The story first appeared in Spanish daily newspaper El Mundo.

Gill Oliver

Gill Oliver is a business and property journalist who has written for The Daily Mail/Mail Online's This is Money, The Press Association and many national and regional newspapers and magazines.

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Football manager Jose Marino has agreed to pay a £1.78m (US$2.3m) fine to settle a tax evasion case in Spain.

The Manchester United boss was accused by the Spanish tax authorities of failing to declare £2.9m (US$3.8m) in revenues, according to The Sunday Express.

Portuguese-born Mourinho is believed to have confirmed in writing that he hid income generated from images rights earned between 2011-2012. Spain’s Tax Agency claimed Mourinho had failed to pay the Treasury almost £1.5million (US$1.9m) in 2011 and more than £1.5million (US$1.9m) in 2012.

It is thought the Spanish Treasury started looking into Mr Mourinho’s finances in 2014. Football Leaks, the football counterpart to WikiLeaks, published a series of documents in 2015, which alleged Mourinho had moved money to a tax haven. According to The Sunday Express, he received the concealed income through Koper Services SA, a company based in the British Virgin Islands.

Mourinho is believed to have received a six-month prison sentence for each of two crimes. Under Spanish law first-time offenders do not typically serve sentences of two years or less, which meant the jail term was suspended.

But British daily newspaper The Daily Mail disputes this version of events and reported that “sources close to the United boss” denied the Spanish authorities gave the 55-year-old a one-year suspended prison sentence. They insist instead that a fine was agreed this summer.

The story first appeared in Spanish daily newspaper El Mundo.

Gill Oliver

Gill Oliver is a business and property journalist who has written for The Daily Mail/Mail Online's This is Money, The Press Association and many national and regional newspapers and magazines.

OTHER ARTICLES THAT MAY INTEREST YOU

Real Madrid's Ronaldo agrees to pay E18.8m to taxman

France's Dieudonne to face trial for tax evasion

India launches whistleblower scheme for tax evasion

 

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