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Spain’s high tax rate is said to be the contributing factor which lead to Ronaldo’s exit from the Spanish cup La Liga.
Ronaldo joined the Italian side Juventus from Spanish side Real Madrid for €112 million (£100 million/$130 million) signing a four-year contract.
There were statements from the Portuguese star about the reasons to leave the Spanish side Ronaldo’s Statement on La Liga website.
However the La Liga president Javier Tebas believes that Ronaldo’s tax issues with the Spanish Tax Authority was one of the prime reason for his exit,
In his interview with the Marca TV he said, “He’ll earn more money than here,”
“I think that fiscally it favours him to go to Italy. Here, in Spain, we have a problem with fiscal competition. Out of the biggest leagues, Spain is where the players have the worst tax situation”
“It’s not that elsewhere the rate is so much lower, but when you’re earning significant sums then these little differences in rates translate to a lot of money for the players.”
The issues with the Spanish tax authority in recent years was said to be a factor which made the Madrid’s all-time leading scorer change his mind and leave Spain.
Ronaldo also faced a minor prison sentence and a large fine if found guilty, but the five-time Ballon d’Or winner denied the allegations of fraud as he appeared in court last year to declare: “I always pay what I have to pay; I do things the right way and I will continue to do so.”
Ronaldo has agreed to pay €18.8 million (£16 million/$22 million) as a settlement with the Spanish Tax Agency to bring down his case to an end