Mostrando las entradas con la etiqueta Spain. Mostrar todas las entradas
Mostrando las entradas con la etiqueta Spain. Mostrar todas las entradas

2014/10/07

Spain starts search for contacts of nurse struck by Ebola

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  • A Spanish nurse has become the first person to contract the deadly ebola virus outside of Africa, in what may mark a new stage of a spreading epidemic that has already claimed over 3,400 lives.
    The news comes only days after the U.S. recorded its first case of ebola, albeit in a man who had contracted the virus in his home country of Liberia.
    The news sparked the first major reaction on Europe’s financial markets to the ebola outbreak, sending airline stocks plunging as investors priced in a sharp drop in demand by passengers afraid of catching the disease in an aircraft’s closed environment. By lunchtime in Europe, shares in most European airlines were down by between 3.5% and 7%.
    The nurse, who has not been identified, was among the staff at the Carlos III hospital in Madrid treating two priests who had been repatriated to Spain after contracting the virus in Sierra Leone. Both subsequently died.
    The nurse has herself now been moved into the same hospital and is reported to be in a stable condition. Her husband has also been placed in an isolation ward as a precaution.
    It isn’t clear how the disease was transmitted. The BBC quoted Madrid health care director Antonia Alemany as saying that “The nurse went into the room wearing the individual protection gear and there’s no knowledge of an accidental exposure to risk.”
    The newspaper El Pais cited staff at the Carlos III hospital as saying that the safety equipment used there didn’t meet the necessary safety standards, which require that clothing and breathing apparatus be fully waterproof. The virus is spread through bodily fluids such as sweat, blood and urine. The hospital deputy director, Yolanda Fuentes, denied the allegations.
    Spanish health authorities are trying to track down those with whom she may have been in contact since her exposure to the virus. The woman reportedly went on vacation a day after one of the patients died.
    The newspaper El Pais reported that the authorities have already placed under surveillance 22 hospital staff and 30 others known to have had contact with the nurse.
    Note: This story has been updated to include financial market reaction to the news.

    2013/06/13

    Barcelona Star Lionel Messi Accused Of Hiding $5M From Spanish Tax Authorities

    BARCELONA, SPAIN - MARCH 20:  Lionel Messi jug...The Economic Crime Unit of Barcelona has accused Argentine superstar Lionel Messi, and his father, of tax fraud between 2007 and 2009, which could potentially land them in jail.  According to the prosecution, Messi’s father, who is also his manager and agent, created shell corporations in tax havens and then transferred his son’s imaging rights between 2007 and 2009, only to sign further deals with other shell-corporations to avoid paying taxes on €4.165 million ($5.53 million) in income.
    A troubling accusation for the world’s best soccer player, and the sport’s foremost star.  Messi, who netted $41.3 million in the year to June and was the world’s tenth-highest-paid athlete, must prove that his father didn’t engage in a complicated scheme to hide his earnings from Spanish tax authorities, where he currently resides.
    UPDATE: In a letter signed by Messi’s “legal and fiscal council,” lawyer Angel Juarez rejected the accusations, noting he is responsible for the star’s tax filing and adding they will take all the proper legal steps to put the situation to rest.  Juarez confirmed they hadn’t been contacted by the prosecution.
    According to prosecutor Raquel Amado, Jorge Horacio Messi, father and agent of the FC Barcelona striker who was the team’s leading goal scorer in La Liga beating Cristiano Ronaldo by a wide margin, used shell corporations in Belize and Uruguay, notorious tax havens, to sign deals with other shell corporations he apparently owned domiciled in the U.K. and Switzerland to hide his son’s income for three consecutive years.
    The prosecution has made it clear that Jorge Horacio was the architect of the maneuver, having in 2005 instructed a “third-party” to open a first shell-corporation; at 17, the Barҫa player was still a minor.
    While Messi’s agents and marketing teams weren’t immediately available for comment, a release issued through the athlete’s Facebook FB -0.08% page noted they had “just known through the media about the claim filed by the Spanish tax authorities.”  Messi claims to have “never committed any infringement” and to have “always fulfilled all [his] tax obligations, following the advice of [his] tax consultants.”  Representatives of FC Barcelona hadn’t responded our request for comment at the time of publishing.
    The idea, the prosecution said (and I translate and paraphrase), was to channel funds from the countries in which sponsors or firms were paying Messi to the shell-corporations without being subject to taxation, and with “total opacity” in the face of the Spanish tax authorities as to who was truly receiving those papers, who was “none other than the accused, Lionel Messi,” in the words of the prosecutor.  Relevant facts were also “omitted” from other tax documents in order to hide from Spain’s tax authorities that these rights were being ceded to corporations domiciled elsewhere.
    Messi and his father are accused of three counts of tax evasion.  According to Spanish law, if found guilty they could face between two and six years behind bars, and a fine worth more than $1 million.
    By our latest tally, Messi, who counts with big name sponsors includingAdidas , PepsiCo, EA Sports, and Audemars Piguet, made $20.3 million in salary and winnings in the 12 months to June, and $21 million in endorsements.  Even though he’s won FIFA’s world player of the year for a record four consecutive years, Messi still trails superstars Cristiano Ronaldo, backed by Nike, and David Beckham, also with Adidas, in earnings.
    Beyond Messi, it’s his club, FC Barcelona, that should be worried.  Barҫa is the world’s third most valuable soccer team, worth $2.6 billion.  The recently minted Spanish champions, like most of the top teams, depend on their superstars to deliver on pitch performance, which ultimately brings in broadcasting, commercial, and match day revenues, the three legs of soccer teams’ business model.  Failing to advance into the later stages of the Champions League, or being a contender for La Liga, would greatly damage Barҫa’s earning power.
    While it doesn’t seem likely that Messi will end up behind bars, the accusations become all the more troubling given the difficult fiscal situation of Spain’s regional governments.  Across Europe, governments have pushed to limit the incredible earnings of soccer players as these have gone through the roof.  In Spain, the infamous Beckham law became hugely controversial after it allowed wealthy individuals to pay lower taxes, while in France, budget minister Jerome Cahuzac said he was “disgusted” by Swedish striker Zlatan Ibrahimovic’s astronomical wages.