Wednesday, December 16, 2009

Tax Haven Not So For Sanchez-Vicario

Members of Madrid 2016 delegation Raul Gonzalez (L) and Arantxa Sanchez-Vicario react after Rio de Janiero was awarded the 2016 Olympic Games during the 121st IOC session in Copenhagen October 2, 2009.

Members of Madrid 2016 delegation Raul Gonzalez and Arantxa Sanchez-Vicario react after Rio de Janiero was awarded the 2016 Olympic Games during the 121st IOC session in Copenhagen October 2, 2009.

::

MADRID (AP)—The Spanish Supreme Court has ordered former top-ranked women’s player Arantxa Sanchez-Vicario to pay back approximately $5.1 million in unpaid income tax.

The court rejected Sanchez-Vicario’s assertion that she was a resident of Andorra and not Spain from 1989 to 1993.

The court said in its ruling Thursday that the three-time French Open champion “never effectively lived in Andorra and never had the intention of doing it in any moment, either.”

The 37-year-old Barcelona native, who also won the U.S. Open in 1994, was appealing the decision from a high court ruling in July 2003.

5 comments:

Matt said...

Dayaaaaaam! That's a hefty tax bill! I hope ASV invested wisely post-retirement. That had gotta be almost her entire career earnings, yeah?

Beth said...

Yes, Matt my thoughts exactly - holy 'bleep'! That's a crapload of coin! How do they enforce that if she doesn't have the money?

Karen said...

I think the more serious issue here is whether more European countries are going to use this as precedent for other athletes. You see so many of the European athletes who have basically taken up residence in Monte Carlo as a result of the tax free status. This is quite troubling actually. I am all for people paying taxes, but I bet you a lot of athletes are now wondering about the whole domicile issue. A lot of them dont even have an apartment in Monte Carlo. Hmm, makes you wonder.

COCOWU said...

Our company is a specialized Cheap replica handbags selling online store.We sell all series of colorful, fashionable and newest great brand China Handbags.For example,Versace Handbags and Bally Handbags.Every year,our company's hot item is Chanel Handbags.Why not start to shop your brand products now? Enjoy your time.

bathmate said...

wow nice article ,Excellent page...I appreciate this blog....
nice posting for this site.nice



Bathmate