Shakira settles $21M tax fraud case earlier than trial begins – National

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Colombian popstar Shakira has reached a settlement with Spanish authorities to keep away from a trial that accused the singer of evading hundreds of thousands of {dollars} in taxes.

A decide in Barcelona learn the phrases of the settlement in a courtroom on Monday, the identical day the trial was anticipated to start.

Shakira had been accused of dodging greater than 14.5 million euros (greater than C$21.7 million) in taxes owed to the Spanish authorities. She had additionally been dealing with a possible eight-year jail sentence.

As a part of her last-minute settlement, Shakira should pay a advantageous of about 7.3 million euros (virtually C$11 million), The Associated Press reported. She should additionally settle for a three-year suspended sentence.


Shakira arrives along with her lawyer Pau Molins on the High Court of Justice of Catalonia for her trial on tax fraud, in Barcelona on Nov. 20, 2023.


PAU BARRENA/AFP through Getty Images

Prior to her settlement, Shakira, 46, had maintained her innocence for 5 years. By settling, Shakira has acknowledged the fees in opposition to her and has been discovered responsible of the tax fraud.

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The costs associated to taxes owed between 2012 and 2014. Prosecutors alleged the singer spent greater than half of that point residing in Spain and was due to this fact required to pay taxes on her worldwide earnings, regardless of Spain not being her official residence.

After the settlement, Shakira gave a prolonged assertion to Variety and mentioned she’d made the choice for the sake of her youngsters.

“Throughout my career, I have always strived to do what’s right and set a positive example for others,” she mentioned.

Shakira added that this effort to do what is correct meant she typically consulted “the absolute best” consultants on enterprise and private monetary selections, in addition to taxation.

“Unfortunately, and despite these efforts, tax authorities in Spain pursued a case against me as they have against many professional athletes and other high-profile individuals, draining those people’s energy, time, and tranquility for years at a time,” she mentioned.

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“While I was determined to defend my innocence in a trial that my lawyers were confident would have ruled in my favor, 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.”

The Whenever, Wherever singer mentioned the long-standing authorized battle brought on her “stress” and took an “emotional toll” that she’s going to now need to work previous.

Shakira mentioned she intends to give attention to “my kids and all the opportunities to come in my career, including my upcoming world tour and my new album, both of which I am extremely excited about.”

“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,” she concluded.

This case in opposition to Shakira started in 2018, when she was formally charged. In July 2022, Shakira rejected a deal from Spanish prosecutors over claims that she needed to keep up her innocence.

Still, Shakira’s authorized troubles will not be but over. In September, she was charged with evading 6.7 million euros (greater than C$10 million) in taxes on her 2018 earnings. She was accused of utilizing an offshore firm primarily based in a tax haven to forgo taxation in Spain. Prosecutors additionally claimed the Grammy-winning singer did not declare hundreds of thousands of euros from advance funds she earned for her El Dorado World Tour that very same yr.

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Shakira reportedly grew to become a fiscal resident of Spain in 2014.

Though the singer’s official residence is within the Bahamas, Shakira has been linked to Spain since she began courting now-retired soccer participant Gerard Pique. The couple, who’ve two youngsters, lived collectively in Barcelona till final yr, after they ended their 11-year relationship.

Shakira was named within the “Paradise Papers” leaks that detailed the offshore tax preparations of quite a few high-profile people, together with musical celebrities reminiscent of Madonna and U2’s Bono.

Over the previous decade, Spanish tax authorities have cracked down on soccer stars like Lionel Messi and Cristiano Ronaldo for not paying their full due in taxes. Those gamers had been discovered responsible of tax evasion however prevented jail time because of a provision that permits a decide to waive sentences beneath two years in size for first-time offenders.

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— with information from The Associated Press

&copy 2023 Global News, a division of Corus Entertainment Inc.



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