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Tax Fraud Case: Shakira To Pay €7.3m Fine – Court

Posted on November 21, 2023November 21, 2023 By Rextun boss No Comments on Tax Fraud Case: Shakira To Pay €7.3m Fine – Court

Colombian superstar Shakira will pay a fine of over 7.3 million euros ($7.98 million) as part of a deal with Spanish prosecutors to avoid trial for tax fraud, a Barcelona court said Monday.

Under the deal, announced at the start of what would have been the trial of the 46-year-old singer, Shakira also agreed to receive a three-year suspended sentence.

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 7.3 million euros ($7.98 million) in fines.

Prosecutors had accused the superstar of defrauding the Spanish state of 14.5 million euros ($15.7 million) on income earned between 2012 and 2014, charges Shakira had denied, saying she only moved to Spain full-time in 2015.

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The singer did not speak to the throng of reporters as she entered and left the Barcelona courthouse, but in a statement, she said she had agreed to settle for the sake of her two sons, Milan and Sasha.

“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 in the statement issued by her lawyers.

“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.”

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 until 2015.

Financial Crimes Tags:€7.3m fine, Shakira, Spanish tax fraud case

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