City Should Face Criminal Probe over £12m Unpaid Tax, Experts Claim
7 Articles
7 Articles
Manchester City could face a tax bill and fines of up to £24 million for claims it has evaded paying tax on payments to former coach Roberto Mancini.According to a new report by Tax Policy Associates, the analysis claims £8.866 million transferred through a consultancy agreement with Al Jazira Sports and Cultural Club with The Abu Dhabi headquarters were actually a reward for Mancini's work at City and should have gone through the UK payroll.” T…
Manchester City are facing serious new allegations that the club may have evaded around £12m in income tax and national insurance over the remuneration of former manager Roberto Mancini, new analysis by the non-profit Tax Policy Associates has revealed.
Manchester City is facing another financial issue. The club is accused of possibly failing to pay around fourteen million euros in income tax and social security contributions on the salary of former manager Roberto Mancini, reports The Telegraph. According to an analysis by Tax Policy Associates, the amount, including interest and penalties, could rise to approximately 24 million euros.
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