Shakira accepts charges in tax evasion case, agrees to significant fine
Colombian singer Shakira enters into plea deal by acknowledging charges in case of alleged tax evasion in Spain, where she faces over 8 years of imprisonment
Colombian singer Isabel Mebarak Ripoll, widely known as "Shakira," has acknowledged the charges in the case related to alleged tax evasion in Spain, where a prison sentence of 8 years and 2 months had been sought.
According to information from court sources, Shakira, accused of evading €14.5 million in taxes with six different offenses between 2012 and 2014 during her residence in Spain, has agreed to pay a fine of 2.9 million euros. Originally anticipated to span 12 hearings, the trial involved 117 listed witnesses.
During the period she resided in Barcelona with former footballer Gerard Pique, Shakira became a taxpayer following the country's laws, requiring residency for more than 183 days.
The prosecutor's office had alleged that Shakira concealed her income and assets from the Spanish Tax Authority, transferring them to a network of companies based in the British Virgin Islands, Cayman Islands, Malta, Panama, and Luxembourg to evade taxes in Spain.
Source: Newsroom
