Re: Messi case ongoing

by sportsczy Sun Oct 11, 2015 5:12 pm

Depends where the income is earned BC. If Mascherano earned commercial income (adverstising, etc.) and income for playing with Argentina for the NT, he would be subject to Argentinian taxes.

In the US, you are subject to taxes if you repatriate the money to the US... but if you keep income you earned offshore outside of US soil, it's exempt from US taxation. It's on a corporate level but most expats set up their own consulting firms offshore for this purpose. Obama wants to change that. I don't think he's been able to yet.

by FennecFox7 Sun Oct 11, 2015 5:27 pm

free_cat wrote:
sportsczy wrote:Messi is lucky he didn't do this in the US or even France. You sign a tax return in either of those countries, regardless of whether it was prepared by a 3rd party, you're fully liable.

In the US, tax fraud of over a certain amount has MANDATORY jail time without the possibility of parole. Given the amounts here, he would have spent time in prison no question. Doesn't matter who you are.

That's very untrue. Infact, in the US it's very easy to reach setlements not involving jail, especially if you are rich and can pay many times the amount evaded.

you mean ONLY if you are rich

The IRS don't play around. They WILL catch you and put you in jail faster then you can blink.

by BarrileteCosmico Sun Oct 11, 2015 5:38 pm

sportsczy wrote:Depends where the income is earned BC. If Mascherano earned commercial income (adverstising, etc.) and income for playing with Argentina for the NT, he would be subject to Argentinian taxes.

In the US, you are subject to taxes if you repatriate the money to the US... but if you keep income you earned offshore outside of US soil, it's exempt from US taxation. It's on a corporate level but most expats set up their own consulting firms offshore for this purpose. Obama wants to change that. I don't think he's been able to yet.

Nope, in the US you get charged personal taxes on worldwide income and get a tax rebate for taxes paid abroad:

https://www.irs.gov/Businesses/Income-from-Abroad-is-Taxable

I suppose Masche could have Argentine income, he probably does, but I haven't read anything about him being in trouble with Argentine authorities. All I've seen on the subject has been from Spanish media.

by S Wed Jul 06, 2016 12:38 pm

Lionel Taxit is back

http://www.bbc.co.uk/news/world-europe-36721892

by Pedram Wed Jul 06, 2016 1:05 pm

What a joke, he's not going to prison despite committing such a huge fraud.

by sportsczy Wed Jul 06, 2016 1:24 pm

BarrileteCosmico wrote:
sportsczy wrote:Depends where the income is earned BC. If Mascherano earned commercial income (adverstising, etc.) and income for playing with Argentina for the NT, he would be subject to Argentinian taxes.

In the US, you are subject to taxes if you repatriate the money to the US... but if you keep income you earned offshore outside of US soil, it's exempt from US taxation. It's on a corporate level but most expats set up their own consulting firms offshore for this purpose. Obama wants to change that. I don't think he's been able to yet.

Nope, in the US you get charged personal taxes on worldwide income and get a tax rebate for taxes paid abroad:

https://www.irs.gov/Businesses/Income-from-Abroad-is-Taxable

I suppose Masche could have Argentine income, he probably does, but I haven't read anything about him being in trouble with Argentine authorities. All I've seen on the subject has been from Spanish media.

That's the simpleton's view of it... the sophisticated US citizens set up shell corporations in tax friendly countries abroad and keep all the income earned there as they only transact using those corporations and not themselves personally. It then becomes subject to corporate tax laws. Under corporate tax laws, the income earned abroad isn't subject to US taxation until it is repatriated. BUT, you can go abroad and bring back with you up to 10k USD tax free per person. That's why a lot of these tax havens are in vacation spots... you take your family on vacation and you bring back 10k each tax free as you make them shareholders of the corp and distribute the money to them via dividends. As for the rest, you figure out what you can get away with in terms of corporate expenses and you get a corporate credit card to spend the money.

It's all perfectly legal too. There's a ton you can do and most people do it.

by Adit Wed Jul 06, 2016 2:03 pm

Btw is there a Barcelona forum where I can see everyone blaming Perez for this? Will be glorious.

by Harmonica Wed Jul 06, 2016 2:13 pm

Thank god that's over so Spaindrid can't call him testify before every big match. Says everything about Spanish corruption, that no Refdrid players were sentenced the same as Messi and Mascherano, but they all were able to settle it quickly.

by rincon Wed Jul 06, 2016 2:17 pm

I think it just says that Messi and Mascherano evaded taxes hmm

by zigra Wed Jul 06, 2016 5:11 pm

Horrible human being is all I have to say.

Can you imagine something similar from der Kommander? Me neither.

by Hapless_Hans Wed Jul 06, 2016 5:16 pm

Good for him.
Let's be honest, he desperately needed some 'jail time' and a criminal record to legitimize those tattoos.
They look more authentic already.

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