quinta-feira, 14 de março de 2013

Madeira Tax Director on trial over tax evasion scheme

Madeira's Director of Finance, João Machado, the person responsible for taxes on the island is being tried for tax evasion. The charges are related to the period when he was on the board of the Nacional Football Club and alledgedly drew up a tax avoidance scheme for the club using an offshore company set up in the British Virgin Isles.

The crimes date to the period between 2002 and 2005. Machado, who is a member of the political commission of the Madeira PSD was appointed Regional Director of Finance in 2005. Despite the trial, he has not tendered his resignation and continues to enjoy President Jardim's full confidence.

The only Vice President of the club not to be charged is Carlos Santos, the public prosecutor once in charge of the Public Prosecution office in Madeira, who claimed ignorance of the whole affair. Carlos Santos was seen at the time to be very pally with the regime and he left the island under a cloud.

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