SHAKIRA RESOLVES TAX FRAUD CASE: A SWIFT SETTLEMENT TO PRIORITIZE FAMILY AND FUTURE"

Ebitebe Adelabu

November 20, 2023

0

Colombian pop sensation Shakira has resolved a tax fraud case with Spanish prosecutors just before her trial was set to commence.

The artist opted to pay a €7.5 million (£6.5 million) fine, averting the possibility of an eight-year jail sentence and a €23.8 million (£20.8 million) fine if found guilty.

The charges, totaling €14.5 million (£12.7 million), were related to tax fraud allegations spanning 2012 to 2014 in a Barcelona court.

Shakira, consistently maintaining her innocence, emphasized that settling was in the "best interest of my kids." In a comprehensive statement, she expressed her children's desire to spare her from the toll of a protracted legal battle.

Despite initially rejecting a prosecutor's deal, she decided to conclude the matter to prioritize her well-being and focus on her family.

The dispute revolved around Shakira's residency status during 2012-2014, with prosecutors asserting she lived in Spain but officially claimed residency elsewhere.

Spanish law deems individuals spending over six months in the country as residents for tax purposes, but Shakira contended that Spain wasn't her primary residence during that period.

While maintaining her innocence, Shakira acknowledged the strain of the prolonged legal ordeal, emphasizing the need to move beyond the stress and concentrate on her children and future career opportunities.

The crux of the matter involved allegations that Shakira purchased a house in Barcelona in 2012, where she and her then-partner, footballer Gerard Piqué, established a family home.

Her legal team argued that, until 2014, the majority of her income came from international tours, and she spent extended periods outside Spain.

Shakira declared Spain as her tax residence in 2015, stating she had paid €17.2 million (£15 million) in taxes with no outstanding debts. In a separate 2019 case, Piqué was fined €2.1 million (£1.8 million) for tax evasion between 2008 and 2010.

The couple, announcing their split in June after 11 years together, shares two sons, aged seven and nine.

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