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Taxman after Eto'o in Spain

  • Reuters, Thursday, June 28, 2012 5 PM

As it struggles to meet tough European deficit reduction targets that have meant budget cuts for hospitals and schools, Spain recently launched a drive against tax evasion.

A public prosecutor in Spain has accused Cameroon striker Samuel Eto'o of evading $4.4 million in taxes owed on income from his image rights when he was playing for Barcelona in 2006-2009.

Now with Russian Premier League club Anzhi Makhachkala, Eto'o is accused of four tax offenses, each punishable with up to five years in prison and fines as much as $26 million.

Eto'o allegedly used two companies he created in Hungary and in Spain to channel income obtained from ceding his image rights to Barca and sportswear maker Puma.

Read the whole story at Reuters »

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