Here is the latest update on the investigation regarding Shakira tax fraud.
The Shakira tax trail is reaching a conclusion, as the singer has reached a settlement with Spanish authorities to avoid a trial over charges of failing to pay 14.5 million euros in Spanish income tax between 2012 and 2014.
The judge has stated that, under the terms of the deal, the trial will be called off, and any potential jail time will be substituted with fines. However, it’s worth noting that the 46-year-old artist still faces another tax fraud investigation in Spain.
The tax-related issues have been looming over Shakira for a while. In July 2022, she turned down a deal offered by prosecutors to resolve the case. At that time, the singer expressed her belief in her innocence and chose to let the legal process unfold. The details of the deal offered in July were not disclosed to the public.
Shakira tax fraud
Shakira, whose full name is Shakira Isabel Mebarak Ripoll, was also implicated in the “Paradise Papers” leaks, which revealed offshore tax arrangements of various high-profile individuals, including Madonna and U2’s Bono.
Addressing the charges, Shakira has maintained that she paid what the tax office claimed was owed before the lawsuit was filed. She insisted that during the period in question, her work led to a “nomadic life,” and she was not residing in Spain. For 11 years, she lived with former Barcelona and Spain footballer Gerard Piqué, with whom she shares two children. Following their separation, the pop icon relocated to Miami.
The prosecutor’s office, however, alleged that Shakira spent more than half of each of the years under investigation in Spain. This suggests that she was considered ordinarily resident in the country. Furthermore, a Barcelona property she acquired in May 2012 was deemed a family home.
Finally, hips don't lie… but tax returns do! 🕺💃🏽…
— Witty News Daily (@WittyNewsDaily) November 20, 2023
Shakira’s case is not the first involving prominent figures and tax evasion in Spain. Other celebrities, including footballers Cristiano Ronaldo, Lionel Messi, and Diego Costa, have faced similar scrutiny. In these instances, settlements were reached, and substantial fines were paid.
Additionally, last month, Spain’s supreme court upheld the acquittal of Bayer Leverkusen coach Xabi Alonso in another tax case. Unlike others, Alonso refused to settle and eventually won the case at trial.
Shakira reaches deal to avoid $16 million tax fraud trial https://t.co/ZU4uqHD1yU
— TIME (@TIME) November 20, 2023
Conclusion:
Shakira’s recent settlement with Spanish authorities regarding the tax fraud charges brings some clarity to the legal complexities surrounding the pop star.
While the trial has been averted, the repercussions of the tax-related investigations continue to unfold, leaving questions about the broader implications for both Shakira and other celebrities navigating tax scrutiny in Spain.
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