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Showing posts with the label The unidentifiable beauty of charity donations

The unidentifiable beauty of charity donations.

Last Friday night, the findings of the European Investigative Collaborations (EIC), an international group of investigative journalists, published a few results of analyzing 18.6 million documents, from the world of football, for many months. The documents were made available by the whistle-blower platform “Football Leaks” to the German weekly “Der Spiegel”, a member of the EIC. Thousands of dodgy tax constructions will be revealed, not only from managing agencies, football club's and officials but even the crooked ways of famous players trying to avoid paying taxes on their income by creative ways of using tax-havens, shadow accounts, phantom invoices and multiple company constructions. But that’s not the essence of where the anger and naive disbelief comes from, to write this column. As many ordinary people, I was repelled by the fact that the Portuguese football player Cristiano Ronaldo diverted 63.5 million to a tax haven. This evasion of taxes saved him about 35 million. The...