Colombian Pop Star Shakira Settles Tax Fraud Case With €7.5m Fine

Colombian Pop Star Shakira Settles Tax Fraud Case With €7.5m Fine

The Shakira Tax Fraud Case

Shakira, the Colombian pop singer, has reached an agreement with Spanish authorities to settle a tax fraud case just before her trial was about to begin.

The singer paid a €7.5 million (£6.5 million) fine; prosecutors sought to imprison her for eight years and penalize her €23.8 million (£20.8 million) if she was found guilty.

In a Barcelona court, she was accused with tax evasion for €14.5 million (£12.7 million).

Shakira, who has continually denied any misconduct, stated that she settled “in the best interests of my children.”

She stated that her children “do not want to see their mom sacrifice her personal well-being in this fight” in a lengthy statement.

The performer had previously turned down a plea bargain from prosecutors, preferring to go to trial.

The case centred around where Shakira was living between 2012 and 2014
The case centred around where Shakira was living between 2012 and 2014

“Throughout my career, I’ve always tried to do the right thing and set a good example for others,” she said.

“Unfortunately, and despite my efforts, Spanish tax authorities pursued a case against me, as they have against many professional athletes and other high-profile individuals, draining their energy, time, and tranquillity for years at a time.”

“While I was determined to defend my innocence in a trial that my lawyers were confident would have ruled in my favour, I have made the decision to finally resolve this matter 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.”

She went on to say that she had 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” .

Dispute concerning residency

Shakira’s residency status between 2012 and 2014, when prosecutors said she was residing in Spain but listed her official abode elsewhere, is at the heart of this dispute.

People who stay in Spain for more than six months are considered residents for tax purposes, according to Spanish legislation. However, She claims that she was not primarily living in Spain at the time.

Prosecutors published a document in July claiming that she purchased a house in Barcelona in 2012, which she and her then-partner, Barcelona footballer Gerard Piqué, used as a family home.

According to her lawyers, up until 2014, the majority of her income came from international tours, and she spent significant time outside of Spain.

“When the Spanish tax authorities discovered that I was dating a Spanish citizen, they began to salivate.” “It’s clear they were determined to get that money no matter what,” she told Elle magazine.

She declared Spain to be her tax residence in 2015. She stated that she had paid €17.2 million (£15 million) in taxes and has no outstanding debts.

In a separate case in 2019, Mr Piqué was fined €2.1m (£1.8m) by the Spanish national court for evading tax between 2008 and 2010.

After 11 years together, the couple announced their divorce in early June. They have two sons, ages seven and nine.

Who is Shakira

Shakira is a Colombian singer, songwriter, and dancer who rose to global fame in the overdue Nineties together with her unique mixture of Latin and pop music. Born on February 2, 1977, in Barranquilla, Colombia, as Shakira Isabel Mebarak Ripoll, she gained widespread recognition with her 5th album, “Laundry Service,” released in 2001, which covered the hit unmarried “Whenever, Wherever.”

Shakira’s track consists of elements of Latin, rock, and Arabic impacts, and he or she is known for her extraordinary voice and active performances. Over the years, she has executed global fulfillment with severa chart-topping albums and singles, inclusive of hits like “Hips Don’t Lie,” “Waka Waka (This Time for Africa),” and “She Wolf.”

Apart from her track profession, She is likewise recognized for her philanthropic work, specifically in the areas of education and early formative years development thru the Pies Descalzos Foundation, which she based in 1997. She is considered one of the most successful and influential Latin artists in the international.

What is Shakira age

Shakira is 46 years old today, November 21, 2023. She was born in Barranquilla, Colombia, on February 2, 1977.

what is shakira net worth

As of nowadays, November 21, 2023, Shakira’s envisioned net well worth is $300 million. She has earned her wealth from her a success song career, which has sold over a hundred twenty five million information international, making her one of the fine-selling tune artists of all time. She has additionally regarded in movies and television suggests, and has endorsement deals with various brands.

Here are a number of the elements which have contributed to Shakira’s net well worth:

Music income: Shakira has offered over a hundred twenty five million records international, making her one of the excellent-selling tune artists of all time. Her albums have been certified Diamond, Platinum, and Gold in over forty countries.

Touring: Shakira has embarked on numerous international excursions, which have generated millions of bucks in sales. Her most recent excursion, “El Dorado World Tour,” grossed over $250 million.

Licensing and publishing: Shakira has certified her tune to be used in films, television suggests, and advertisements. She has also posted her personal books and fragrances.

Endorsements: Shakira has endorsement offers with various brands, consisting of Pepsi, CoverGirl, and Emporio Armani.

Overall, Shakira’s net well worth is a testomony to her difficult paintings, talent, and enterprise acumen. She is one of the most a success and influential Latina entertainers of all time.

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