Spain grabs tax from Monaco

James Rodriguez was sold to Real Madrid.

THE Football Leaks release of information continues with news that French football team Monaco has had to agree to pay a large amount of tax to the Spanish government based on profits from transfers.

According to the official view of the Spanish government, Monaco is considered to be a tax haven and as such levies 19 per cent tax on any profit made from the sale of anything (including people) into Spain.

It appears therefore that the total amount involved comes to €11.7 million based on the purchase and sale of Colombian Captain James Rodriguez who they bought from Porto for €45 million and then sold to Real Madrid for a reported €80 million just one year later.

Also adding to the financial pot were profits on the sale of Belgian player Yannick Carrasco to Atletico Madrid and the Tunisian Aymen Abdennour to Valencia.

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Euro Weekly News Media

Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page