Feigenbaum Law

cross-border tax planning

Overhead view of soccer field with player standing in front of the penalty box.

Sports & Entertainment

Soccer Star Ronaldo Pleads Guilty to Tax Fraud in Spain

CBC News is reporting that Cristiano Ronaldo, who for many years played for football powerhouse Real Madrid, has received a 2-year suspended sentence and €19 million ($28.7 million CAD) fine after pleading guilty to tax fraud in Spain. One of the World’s Best Soccer Players Ronaldo is a five-time Champions League winner and five-time winner of Europe’s Ballon d’Or, a prestigious soccer award given annually to the world’s best player. Read More

NAFTA

Corporate Tax Planning

Canadian Government Speaks to Washington About Thousands of Canadians Affected by U.S. Tax Reforms

CBC News reports that the Canadian government is in discussions with Washington about the impact of the Republican’s Tax Cuts and Jobs Act. Retroactive Repatriation Tax Part of the U.S’ $1.5 trillion tax overhaul package was a one-time retroactive Transition Tax, also known as the Repatriation Tax. This provision was intended to discourage U.S. multinational companies, such as Microsoft and Apple, from leaving their money in foreign subsidiaries. However, this provision is… Read More