Shakira reaches deal to settle Spain tax fraud case

Shakira reaches deal to settle Spain tax fraud case
Shakira reaches deal to settle Spain tax fraud case

Hello and welcome to the details of Shakira reaches deal to settle Spain tax fraud case and now with the details

Nevin Al Sukari - Sana'a - Wearing a pink suit and sunglasses, Shakira waved and blew a kiss to a small crowd of bystanders before entering the Barcelona courthouse. — AFP pic

BARCELONA, Nov 21 — Colombian superstar Shakira will pay millions of euros in fines as part of a settlement announced yesterday with Spanish prosecutors to settle her tax fraud case and avoid trial.

Prosecutors had accused the superstar of defrauding the Spanish state of around €14.5 million (RM73.8 million) on income earned between 2012 and 2014, charges Shakira had denied, saying she only moved to Spain full time in 2015.

Under the deal, announced at the start of what would have been the trial of the 46-year-old singer, Shakira agreed to receive a three-year suspended sentence and to pay a fine of €7.33 million amounting to 50 per cent of the amount of unpaid tax.

The Hips Don’t Lie singer will also pay a separate fine of €432,000 to have her jail sentence suspended, bringing the total amount she will have to pay to around €7.8 million.

Advertisement

Wearing a pink suit and sunglasses, Shakira waved and blew a kiss to a small crowd of bystanders before entering the Barcelona courthouse.

The singer, who had previously rejected a deal offered by prosecutors, said in a statement she had settled “with the best interest of my kids at heart who do not want to see their mom sacrifice her personal well-being in this fight.”

“I need to move past the stress and emotional toll of the last several years and focus on the things I love — my kids and all the opportunities to come in my career, including my upcoming world tour and my new album,” she said.

Advertisement

“I admire tremendously those who have fought these injustices to the end, but for me, today, winning is getting my time back for my kids and my career.”

‘Nomadic life’

The case centred on how much time the singer, whose hit singles include Whenever, Wherever and the 2010 World Cup song Waka Waka, spent in Spain between 2012 and 2014.

Spanish authorities alleged Shakira Isabel Mebarak Ripoll — dubbed the Queen of Latin Pop — spent more than half of that period in Spain and therefore should have paid taxes in the country.

They say she moved to Spain after her relationship with former FC Barcelona star defender Gerard Pique became public in 2011, but maintained official tax residency in the Bahamas — where tax rates are much lower than in Spain — until 2015.

Shakira’s lawyers argued that until 2014, she was leading a “nomadic life” and earned most of her money from international tours, and that she moved permanently to Barcelona just before the birth of her second son in January 2015.

She announced her split from Pique in June 2022 after a decade-long relationship, ending what had been one of the world’s most famous celebrity couples. She moved to Miami in April with their two sons, Milan and Sasha.

Her trial had been expected to run until December 14, with the court scheduled to hear from nearly 120 witnesses.

Spanish prosecutors had interviewed her neighbours, tracked her images on social networks, checked payments at hairdressers and even the health clinic she attended during her pregnancy to bolster their accusations.

Pandora Papers

Questions about Shakira’s finances have been raised before.

The Latina superstar was named in one of the largest-ever leaks of financial documents in October 2021, known as the “Pandora Papers”, which revealed the wealth and tax avoidance strategies of the global rich.

In her case, it related to residence in the Bahamas.

Spain has in recent years cracked down on celebrities, including football stars such as Argentina’s Lionel Messi and Portugal’s Cristiano Ronaldo, for not paying their full due in taxes.

Both players were found guilty of evasion and received prison sentences that were waived for first-time offenders.

Shakira won three awards at the Latin Grammy Awards in Seville in southern Spain on Thursday, including for song of the year and best pop song for her collaboration with Argentine DJ Bizarrap on Bzrp Music Sessions, Vol. 53.

The track takes swipes at her former partner Pique and includes a reference to being left with a “debt to the tax office”. It has been played almost 1.5 billion times on Spotify and YouTube. — AFP

These were the details of the news Shakira reaches deal to settle Spain tax fraud case for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Top French university loses funding over pro-Palestinian protests

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]