Latest news with #A1.8
The Advertiser
09-07-2025
- Business
- The Advertiser
Carlo Ancelotti handed jail term over Spain tax fraud
A Spanish court has sentenced Brazil coach Carlo Ancelotti to a one-year prison term and a 386,000 Euro ($A692,000) fine for tax fraud when he was Real Madrid manager more than a decade ago. Spanish prosecutors accused Ancelotti of defrauding the state of 1 million euros ($A1.8 million) in 2014 and 2015. State prosecutors sought a prison sentence of up to four years and nine months on two counts of tax fraud. In March 2024, they accused Ancelotti of having used shell companies to hide his true earnings. Prosecutors claimed Ancelotti, for example, used one company that lacked "any real (economic) activity" in the Virgin Islands as part of an alleged scheme. Brazil's soccer confederation said in a statement that it was following the case. The Italian coach is the latest in a string of major soccer profiles to face a crackdown by Spanish authorities over unpaid taxes, although none have actually been sent to prison so far. That list includes star players Lionel Messi and Cristiano Ronaldo, as well as Jose Mourinho, another former Madrid coach. In Spain, a judge can suspend a sentence of less than two years for first-time offenders. Ancelotti, who turns 67 on Thursday, is one of soccer's most successful coaches. He is the only coach to have won the Champions League five times, three with Madrid and twice with AC Milan, and the only coach to have won domestic league titles in England, Spain, Italy, Germany and France. Ancelotti left his second stint at Real Madrid to take over Brazil's national team. A Spanish court has sentenced Brazil coach Carlo Ancelotti to a one-year prison term and a 386,000 Euro ($A692,000) fine for tax fraud when he was Real Madrid manager more than a decade ago. Spanish prosecutors accused Ancelotti of defrauding the state of 1 million euros ($A1.8 million) in 2014 and 2015. State prosecutors sought a prison sentence of up to four years and nine months on two counts of tax fraud. In March 2024, they accused Ancelotti of having used shell companies to hide his true earnings. Prosecutors claimed Ancelotti, for example, used one company that lacked "any real (economic) activity" in the Virgin Islands as part of an alleged scheme. Brazil's soccer confederation said in a statement that it was following the case. The Italian coach is the latest in a string of major soccer profiles to face a crackdown by Spanish authorities over unpaid taxes, although none have actually been sent to prison so far. That list includes star players Lionel Messi and Cristiano Ronaldo, as well as Jose Mourinho, another former Madrid coach. In Spain, a judge can suspend a sentence of less than two years for first-time offenders. Ancelotti, who turns 67 on Thursday, is one of soccer's most successful coaches. He is the only coach to have won the Champions League five times, three with Madrid and twice with AC Milan, and the only coach to have won domestic league titles in England, Spain, Italy, Germany and France. Ancelotti left his second stint at Real Madrid to take over Brazil's national team. A Spanish court has sentenced Brazil coach Carlo Ancelotti to a one-year prison term and a 386,000 Euro ($A692,000) fine for tax fraud when he was Real Madrid manager more than a decade ago. Spanish prosecutors accused Ancelotti of defrauding the state of 1 million euros ($A1.8 million) in 2014 and 2015. State prosecutors sought a prison sentence of up to four years and nine months on two counts of tax fraud. In March 2024, they accused Ancelotti of having used shell companies to hide his true earnings. Prosecutors claimed Ancelotti, for example, used one company that lacked "any real (economic) activity" in the Virgin Islands as part of an alleged scheme. Brazil's soccer confederation said in a statement that it was following the case. The Italian coach is the latest in a string of major soccer profiles to face a crackdown by Spanish authorities over unpaid taxes, although none have actually been sent to prison so far. That list includes star players Lionel Messi and Cristiano Ronaldo, as well as Jose Mourinho, another former Madrid coach. In Spain, a judge can suspend a sentence of less than two years for first-time offenders. Ancelotti, who turns 67 on Thursday, is one of soccer's most successful coaches. He is the only coach to have won the Champions League five times, three with Madrid and twice with AC Milan, and the only coach to have won domestic league titles in England, Spain, Italy, Germany and France. Ancelotti left his second stint at Real Madrid to take over Brazil's national team. A Spanish court has sentenced Brazil coach Carlo Ancelotti to a one-year prison term and a 386,000 Euro ($A692,000) fine for tax fraud when he was Real Madrid manager more than a decade ago. Spanish prosecutors accused Ancelotti of defrauding the state of 1 million euros ($A1.8 million) in 2014 and 2015. State prosecutors sought a prison sentence of up to four years and nine months on two counts of tax fraud. In March 2024, they accused Ancelotti of having used shell companies to hide his true earnings. Prosecutors claimed Ancelotti, for example, used one company that lacked "any real (economic) activity" in the Virgin Islands as part of an alleged scheme. Brazil's soccer confederation said in a statement that it was following the case. The Italian coach is the latest in a string of major soccer profiles to face a crackdown by Spanish authorities over unpaid taxes, although none have actually been sent to prison so far. That list includes star players Lionel Messi and Cristiano Ronaldo, as well as Jose Mourinho, another former Madrid coach. In Spain, a judge can suspend a sentence of less than two years for first-time offenders. Ancelotti, who turns 67 on Thursday, is one of soccer's most successful coaches. He is the only coach to have won the Champions League five times, three with Madrid and twice with AC Milan, and the only coach to have won domestic league titles in England, Spain, Italy, Germany and France. Ancelotti left his second stint at Real Madrid to take over Brazil's national team.
West Australian
09-07-2025
- Sport
- West Australian
Carlo Ancelotti handed jail term over Spain tax fraud
A Spanish court has sentenced Brazil coach Carlo Ancelotti to a one-year prison term and a 386,000 Euro ($A692,000) fine for tax fraud when he was Real Madrid manager more than a decade ago. Spanish prosecutors accused Ancelotti of defrauding the state of 1 million euros ($A1.8 million) in 2014 and 2015. State prosecutors sought a prison sentence of up to four years and nine months on two counts of tax fraud. In March 2024, they accused Ancelotti of having used shell companies to hide his true earnings. Prosecutors claimed Ancelotti, for example, used one company that lacked "any real (economic) activity" in the Virgin Islands as part of an alleged scheme. Carlos Sanchez, Ancelotti's press officer, told The Associated Press that the coach "will not make comments for now." Brazil's soccer confederation said in a statement that it was following the case. The Italian coach is the latest in a string of major soccer profiles to face a crackdown by Spanish authorities over unpaid taxes, although none have actually been sent to prison so far. That list includes star players Lionel Messi and Cristiano Ronaldo, as well as Jose Mourinho, another former Madrid coach. In Spain, a judge can suspend a sentence of less than two years for first-time offenders. Ancelotti, who turns 67 on Thursday, is one of soccer's most successful coaches. He is the only coach to have won the Champions League five times, three with Madrid and twice with AC Milan, and the only coach to have won domestic league titles in England, Spain, Italy, Germany and France. Ancelotti left his second stint at Real Madrid to take over Brazil's national team.
Perth Now
09-07-2025
- Sport
- Perth Now
Carlo Ancelotti handed jail term over Spain tax fraud
A Spanish court has sentenced Brazil coach Carlo Ancelotti to a one-year prison term and a 386,000 Euro ($A692,000) fine for tax fraud when he was Real Madrid manager more than a decade ago. Spanish prosecutors accused Ancelotti of defrauding the state of 1 million euros ($A1.8 million) in 2014 and 2015. State prosecutors sought a prison sentence of up to four years and nine months on two counts of tax fraud. In March 2024, they accused Ancelotti of having used shell companies to hide his true earnings. Prosecutors claimed Ancelotti, for example, used one company that lacked "any real (economic) activity" in the Virgin Islands as part of an alleged scheme. Carlos Sanchez, Ancelotti's press officer, told The Associated Press that the coach "will not make comments for now." Brazil's soccer confederation said in a statement that it was following the case. The Italian coach is the latest in a string of major soccer profiles to face a crackdown by Spanish authorities over unpaid taxes, although none have actually been sent to prison so far. That list includes star players Lionel Messi and Cristiano Ronaldo, as well as Jose Mourinho, another former Madrid coach. In Spain, a judge can suspend a sentence of less than two years for first-time offenders. Ancelotti, who turns 67 on Thursday, is one of soccer's most successful coaches. He is the only coach to have won the Champions League five times, three with Madrid and twice with AC Milan, and the only coach to have won domestic league titles in England, Spain, Italy, Germany and France. Ancelotti left his second stint at Real Madrid to take over Brazil's national team.
Perth Now
06-05-2025
- Politics
- Perth Now
Under-16 social media ban proposed in New Zealand
An Australia-style legislative ban on social media for under-16s is being proposed by New Zealand's governing National party. Prime Minister Chris Luxon has announced his party will back a private member's bill which will require social media companies verify a user's age as above 16 before they can access certain platforms. The bill, to be introduced by backbench MP Catherine Wedd, does not list which platforms will be included, but includes maximum fines for non-compliance at $NZ2 million ($A1.8 million). Ms Wedd said the "bill closely mirrors the approach taken in Australia". "As a mother of four children I feel very strongly that families and parents should be better supported when it comes to overseeing their children's online exposure," the Hawke's Bay-based MP said. While Australia's world first law passed with bipartisan support from the major parties, it is unclear whether National has the support needed to pass a similar Kiwi law. Centre-left opposition Labour is warming to the idea but it's not over the line, with leader Chris Hipkins saying it is a "debate we need to have". National's coalition partner NZ First holds a similar view, while the third coalition partner ACT, a libertarian party, won't offer support. "Social media is doing enormous harm to young people (but) for every problem there is a solution that is simple, neat - and wrong," ACT leader David Seymour said. "ACT opposes National's bill banning under-16s from social media because it is not workable. "We would be better to learn from the Aussies' mistakes than make the same mistakes at the same time as them." Without support from Labour, National's bill would require either the support of the Greens, or both NZ First and the Maori Party to become law.
