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The tax authorities demand $4.5 million from Fernando Santos. FPF comes to the defense of the national coach – Atualidade

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The tax authorities demand $4.5 million from Fernando Santos.  FPF comes to the defense of the national coach - Atualidade

The Internal Revenue Service (AT) is demanding that Fernando Santos, the national football coach, pay more than 4.5 million euros to the IRS. The news published by Expresso explains that contracts between the coach and the Portuguese Football Federation (FPF) are at stake, namely the exercises of 2016 and 2017, when the coach received almost 10 million euros from the Federation, having declared and paid the IRS. for an annual salary of 70 thousand euros.

According to the tax authorities, the way in which the coach received and declared his income through a sole proprietorship was artificial and was mainly aimed at reducing taxes.

A few months before Fernando Santos was introduced as the new national selector, he set up Femacosa, where he became managing partner. Thus, the coach did not enter into an individual employment contract, and the Federation hired this company to provide services to both the coach and his assistants.

The two years mentioned correspond to the victory of Portugal in the European Championship, which brought the said company a turnover of about 10 million euros. According to Expresso, 2.5 million euros were transferred to other companies created by MPs.

The breeder’s salary will be paid to him by Femacosa as managing partner and will be 5 thousand euros per month (70 thousand euros per year).

For the tax office, Femacosa has no real content and was created to reduce the tax burden of its main partner in this business, Fernando Santos. If the coach had received an individual employment contract, he would have been placed in a higher income group by the IRS, paying a higher amount of tax. Based on this work, the tax authorities took advantage of the general anti-abuse clause, disqualified the company for tax purposes and demanded another 4.5 million euros in IRS and interest from the selector, discloses To express.

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Femacosa was founded on January 14, 2014. It is a consulting company in the field of trade, import, civil engineering and other activities.

The team’s Euro 2016 campaign went well and the FPF extended the contract by four years. With this extension, Femacosa became eligible for a €750,000 subscription premium.

Over the years, the company has retained and accumulated profits without distributing dividends, and by the end of 2020 (latest available data) reached a net worth of 17.6 million euros.

In 2018, new players appear in Femacosa. The sons, son-in-law and daughter-in-law of Fernando Santos become minority partners, while the national coach retained part of the quotas.

Em joint statement, the Portuguese Football Federation (FPF) and Fernando Santos condemned what they called “a gross and clearly truncated violation of the right to fiscal secrecy,” the statement said. “Fernando Santos not only doesn’t owe a cent to the tax authority, but he has never stopped settling his situation in accordance with the provisions of the law,” adds FPF.

Fernando Santos filed an appeal with the Arbitration Court in the person of Morais Leitao, who has accompanied him since at least 2014.

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BALL – Coach speaks of ‘tremendous pride’ and explains Bale departure (Wales)

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BALL - Coach speaks of 'tremendous pride' and explains Bale departure (Wales)

Wales manager Rob Page underlined his “pride in the players” after losing 3-0 to England this Monday in the Qatar World Cup Group B match in Doha. dictated the elimination of the Dragons in the group stage, expressing concerns about the injury of Gareth Bale, the team’s star substituted at halftime, due to the injury he showed at the end.

“Five minutes before break Gareth [Bale] he felt pain in his hamstring. But also Joe Allen and Ben Davis had to be replaced due to injuries. As you can see, it was a huge effort for everyone in the group: I am very proud of this group of players.”

The Dragons said goodbye to Qatar with a 1-1 draw against the United States as the best result and two defeats against Iran (0-2) and now England (0-3), but for the Welsh coach, qualification for the World Cup final was a real achievement.

“The task now is to show that this has never happened without an example, before it became customary. [a qualificação para fases finais de grandes provas]🇧🇷 But it’s still very hard to digest this liquidation. I think we were exceptional in the first half. [0-0 ao intervalo]thanks to tremendous efforts even without the ball, ”said Page.

“We could and should have had more and better possession of the ball, but, I repeat, not a single derogatory word about these “boys” will come out of my mouth: they gave everything in this game! I was a little disappointed with the second goal, but today is not the day to talk about negative things,” said the Welsh coach, who had a lot of fans in Qatar.

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“My message to everyone: don’t be disappointed! Now we will try to build the future of this team and work in this direction. Reaching the final round of the World Championship was an extraordinary feat. [não o lograva há 64 anos, desde o Mundial da Suécia-1958] this group of players,” concluded the technician who surrendered to his team.

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BALL – Coach speaks of ‘tremendous pride’ and explains Bale departure (Wales)

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BALL - Coach speaks of 'tremendous pride' and explains Bale departure (Wales)

Wales manager Rob Page underlined his “pride in the players” after losing 3-0 to England this Monday in the Qatar World Cup Group B match in Doha. dictated the elimination of the Dragons in the group stage, expressing concerns about the injury of Gareth Bale, the team’s star substituted at halftime, due to the injury he showed at the end.

“Five minutes before break Gareth [Bale] I felt pain in my hamstring. But also Joe Allen and Ben Davis had to be replaced due to injuries. As you can see, it was a huge effort for everyone in the group: I am very proud of this group of players.”

The Dragons said goodbye to Qatar with a 1-1 draw against the United States as the best result and two defeats against Iran (0-2) and now England (0-3), but for the Welsh coach, qualification for the World Cup final was a real achievement.

“The task now is to show that this has never happened without an example, before it became customary. [a qualificação para fases finais de grandes provas]🇧🇷 But it’s still very hard to digest this liquidation. I think we were exceptional in the first half. [0-0 ao intervalo]thanks to tremendous efforts even without the ball, ”said Page.

“We could and should have had more and better possession of the ball, but, I repeat, not a single derogatory word about these “boys” will come out of my mouth: they gave everything in this game! I was a little disappointed with the second goal, but today is not the day to talk about negative things,” said the Welsh coach, who had a lot of fans in Qatar.

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“My message to everyone: don’t be disappointed! Now we will try to build the future of this team and work in this direction. Reaching the final round of the World Championship was an extraordinary feat. [não o lograva há 64 anos, desde o Mundial da Suécia-1958] this group of players,” concluded the technician who surrendered to his team.

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BALL – Grimaldo in irreplaceable form: the current situation with the extension (Benfica)

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BALL - Grimaldo in irreplaceable form: the current situation with the extension (Benfica)

This season’s undefeated Grimaldo has numbers unmatched by any other Spanish player in the major European leagues in terms of wins (23) and excelled in the Champions League group stage group stage with PSG and Juventus, scoring two goals and making the Champions League team of the week. In addition, he proved to be an important player for Roger Schmidt.

He is Benfica’s most used outfield player this season, with 2313 minutes, already scoring the third best in Luz with the current three totals. He has been used in 26 of the 27 official games this season – only not getting Rio Ave, between two games with PSG, without leaving the bench. But otherwise, almost nothing escaped him and practically did not give any advantage in the competition, that is, Ristic, who, having played 90 minutes against Rio Ave, plus 47 minutes against Caldas, in the Portuguese Cup, only had the right to crumbs in minutes, which says that Grimaldo for Roger Schmidt is currently an indispensable player in the eleven.

With seven months left on his contract with Benfica, Grimaldo is looking for an option that will guarantee him complete freedom and financial independence, especially after joining his father’s club. He knows how far Benfica can go and he also knows that the Luz club cannot accept the values ​​that have been thrown on the negotiating table.

As A BOLA reported in the last issue on the 24th, Benfica and Grimaldo met recently to discuss an extension during a meeting that did not reach an agreement but also did not leave the dossier in a position where it could not be resolved. in a favorable way. for the embodied.

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A new round of talks is now expected to be set to try to bring the parties closer, and this should take place soon, given that the Reds do not intend to drag things out beyond January and enter into a soap opera that could serve as a somewhat destabilizing factor. for the second phase of the season.

More about digital edition or in the print edition of A BOLA.

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