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Raymond Doherty 7 Feb 2018 01:23pm

Alexis Sanchez avoids jail for tax fraud

New Manchester United player Alexis Sanchez has accepted a suspended 16-month prison sentence for tax fraud in Spain

https://economia.icaew.com:443/-/media/economia/images/article-images/630sanchez.ashx
Caption: Alexis is not the first player to run into tax trouble while at Barcelona
The Chilean appeared in court via video link in January and pleaded guilty to concealing part of his earnings from image rights during his time at Barcelona football club, according to reports.

Sanchez was charged with defrauding the treasury of €983,000 (£874,000) from 2012 to 2013.

He reached an agreement with the prosecutor to pay the money he owes with interest and will avoid serving any time in jail, as is the case in Spain if the sentence is less than two years.

Sanchez is believed to have used an offshore company based in Malta to receive payments for his images rights.

He is not the first player to be involved in tax fraud allegations while playing for Barcelona. Last year Barcelona striker Lionel Messi and his father were found guilty of three counts of tax fraud. Messi was given a 21-month suspended prison sentence and fined €2m.
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