Berliner Boersenzeitung - Shakira reaches deal to settle Spain tax fraud case

EUR -
AED 4.237091
AFN 72.685001
ALL 95.954988
AMD 434.520707
ANG 2.065282
AOA 1057.974892
ARS 1578.268494
AUD 1.674968
AWG 2.079607
AZN 1.961076
BAM 1.955893
BBD 2.321221
BDT 141.406739
BGN 1.97209
BHD 0.434945
BIF 3423.363136
BMD 1.153735
BND 1.481071
BOB 7.98138
BRL 6.041996
BSD 1.15246
BTN 108.601646
BWP 15.844824
BYN 3.46098
BYR 22613.205604
BZD 2.317921
CAD 1.598326
CDF 2636.861817
CHF 0.916875
CLF 0.027131
CLP 1071.288545
CNY 7.973981
CNH 7.982415
COP 4256.232177
CRC 534.325463
CUC 1.153735
CUP 30.573977
CVE 110.270255
CZK 24.510982
DJF 205.230669
DKK 7.473549
DOP 69.483311
DZD 153.46996
EGP 60.805986
ERN 17.306025
ETB 178.11666
FJD 2.604445
FKP 0.862804
GBP 0.865071
GEL 3.109331
GGP 0.862804
GHS 12.5996
GIP 0.862804
GMD 84.806546
GNF 10103.481469
GTQ 8.81642
GYD 241.11149
HKD 9.029246
HNL 30.602591
HRK 7.535854
HTG 150.927192
HUF 387.816349
IDR 19534.982991
ILS 3.604379
IMP 0.862804
INR 108.656856
IQD 1509.77849
IRR 1515200.148882
ISK 143.420403
JEP 0.862804
JMD 181.129416
JOD 0.818
JPY 184.183982
KES 149.651251
KGS 100.893962
KHR 4615.219932
KMF 492.645362
KPW 1038.428166
KRW 1741.043798
KWD 0.354439
KYD 0.96045
KZT 555.218864
LAK 24893.29414
LBP 103205.065372
LKR 362.458843
LRD 211.480994
LSL 19.716525
LTL 3.406679
LVL 0.697883
LYD 7.359383
MAD 10.760113
MDL 20.243052
MGA 4803.249709
MKD 61.64141
MMK 2422.824743
MNT 4134.787378
MOP 9.286983
MRU 45.972191
MUR 53.798539
MVR 17.836537
MWK 1998.403892
MXN 20.670085
MYR 4.609743
MZN 73.734887
NAD 19.716525
NGN 1597.645586
NIO 42.412021
NOK 11.188379
NPR 173.763034
NZD 2.002301
OMR 0.443616
PAB 1.152455
PEN 3.98849
PGK 4.980237
PHP 69.473364
PKR 321.687324
PLN 4.276492
PYG 7544.392214
QAR 4.2022
RON 5.096397
RSD 117.469833
RUB 93.889678
RWF 1682.987494
SAR 4.328787
SBD 9.278308
SCR 15.858649
SDG 693.394519
SEK 10.87701
SGD 1.483547
SHP 0.8656
SLE 28.32444
SLL 24193.258148
SOS 658.634241
SRD 43.33659
STD 23879.9847
STN 24.501168
SVC 10.084524
SYP 128.575537
SZL 19.711025
THB 38.038772
TJS 11.029273
TMT 4.04961
TND 3.391062
TOP 2.777916
TRY 51.293934
TTD 7.822407
TWD 36.856028
TZS 2967.654281
UAH 50.571029
UGX 4287.204301
USD 1.153735
UYU 46.722226
UZS 14037.668947
VES 537.661435
VND 30402.070452
VUV 137.321383
WST 3.172229
XAF 655.991103
XAG 0.016798
XAU 0.000262
XCD 3.118027
XCG 2.077108
XDR 0.815842
XOF 655.991103
XPF 119.331742
YER 275.338743
ZAR 19.72108
ZMK 10385.000211
ZMW 21.638125
ZWL 371.502193
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSC

    -0.0900

    22.82

    -0.39%

  • CMSD

    0.0700

    22.75

    +0.31%

  • JRI

    -0.0300

    12.07

    -0.25%

  • BCC

    -0.3600

    74.29

    -0.48%

  • BCE

    -0.0200

    25.47

    -0.08%

  • RIO

    -1.7500

    85.79

    -2.04%

  • BTI

    -0.1900

    58.26

    -0.33%

  • GSK

    -0.7600

    53.94

    -1.41%

  • NGG

    -1.8900

    82.4

    -2.29%

  • RYCEF

    -0.6000

    15.3

    -3.92%

  • RELX

    -0.4000

    32.07

    -1.25%

  • AZN

    -3.7400

    183.4

    -2.04%

  • VOD

    -0.0900

    14.63

    -0.62%

  • BP

    0.7600

    46.17

    +1.65%

Shakira reaches deal to settle Spain tax fraud case
Shakira reaches deal to settle Spain tax fraud case / Photo: Pau BARRENA - AFP

Shakira reaches deal to settle Spain tax fraud case

Colombian superstar Shakira will pay millions of euros in fines as part of a settlement announced Monday with Spanish prosecutors to settle her tax fraud case and avoid trial.

Text size:

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.

The singer, who wore a pink suit and sunglasses, did not speak to the throng of reporters as he 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.

- 'Nomadic life' -

Shakira's lawyers argued that until 2014, she was leading a "nomadic life" and earned most of her money from international tours, and that she moved permanently to Barcelona just before the birth of her second son in January 2015.

The diva announced her split from Pique in June 2022 after a decade-long relationship, ending what had been one of the world's most famous celebrity couples. She moved to Miami in April with their two sons, Milan and Sasha.

Her trial had been expected to run until December 14, with the court scheduled to hear from nearly 120 witnesses.

Spanish prosecutors had interviewed her neighbours, tracked her images on social networks, checked payments at hairdressers and even the health clinic she attended during her pregnancy to bolster their accusations.

Questions about Shakira's finances have been raised before.

The Latina superstar was named in one of the largest-ever leaks of financial documents in October 2021, known as the "Pandora Papers", which revealed the wealth and tax avoidance strategies of the global rich, in her case relating to residence in the Bahamas.

- Latin Grammy winner -

Spain has in recent years cracked down on celebrities like football stars Lionel Messi and Cristiano Ronaldo for not paying their full due in taxes.

Both players were found guilty of evasion and received prison sentences that were waived for first-time offenders.

Shakira's former partner Pique was himself convicted of tax fraud in 2016 and later ordered to pay the tax office 2.1 million euros.

The singer picked up three awards at the Latin Grammy Awards in Seville in southern Spain on Thursday, including for song of the year and best pop song for her collaboration with Argentine DJ Bizarrap on "Bzrp Music Sessions, Vol. 53".

The track takes swipes at her former partner Pique and includes a reference to being left with a "debt to the tax office". It has been played almost 1.5 billion times on Spotify and YouTube.

(B.Hartmann--BBZ)