Colombian pop sensation Shakira has reached a legal settlement in a £12.5 million tax fraud trial in Barcelona, avoiding jail time and accepting a £6.4 million fine for six confessed tax fraud crimes.
The trial, set to run until December 14, concluded swiftly on the first day as Shakira opted for the settlement, less than a third of the amount initially sought by prosecutors. The singer had already repaid the alleged £15 million tax evasion, including interest. Shakira, with a net worth of approximately £240 million, wore a pink suit and sunglasses as she arrived at the courthouse.
“Settlement Details and Legal Outcome”
As part of the settlement, Shakira agreed to a £6.4 million fine and an additional £378,000 to avoid imprisonment. The tax fraud charges relate to income earned between 2012 and 2014, with Spanish authorities accusing Shakira of defrauding £12.5 million. The singer, who arrived at court looking calm and relaxed, affirmed her innocence but chose the settlement to spare her children from witnessing a prolonged trial.
“Shakira’s Statement and Critique of Spanish Authorities”
In a statement, Shakira maintained her innocence and criticized Spanish authorities for pursuing her case, comparing it to similar instances targeting athletes and high-profile individuals. She expressed gratitude to her advisers, including tax authorities PricewaterhouseCoopers International Limited and Ernst & Young Global Limited. Despite asserting her readiness for a trial, Shakira emphasized the decision to prioritize her children’s well-being and career.
“Background of Tax Evasion Allegations”
The trial focused on Shakira’s time spent in Spain between 2012 and 2014, with Spanish officials claiming she should have paid taxes in the country. The singer, known for hits like ‘Hips Don’t Lie,’ countered that she did not spend the required time in Spain to be considered a fiscal resident during that period. Shakira’s defence argued that she had a nomadic lifestyle during a world tour and spent considerable time in the United States as part of a jury for ‘The Voice.’ The settlement marks the end of a legal saga linked to the ‘Paradise Papers’ leaks.
“Shakira’s Future Plans and Gratitude”
Looking ahead, Shakira expressed relief to move past the emotional toll of the legal proceedings and focus on her upcoming world tour and album. While acknowledging those who fight injustice, she emphasized the personal victory of reclaiming her time for her children and career. The legal settlement allows Shakira to continue her career without the shadow of a prolonged trial