In November 2017, Shakira was named in the Paradise Papers. It was disclosed that she was the sole shareholder of a Malta-based company used to transfer $30 million in music rights. Her legal representatives maintained that her use of the company was entirely lawful.
In 2018, partly due to information revealed in the Paradise Papers, Spanish authorities initiated an investigation into Shakira’s finances. Prosecutors alleged that she failed to pay taxes in Spain between 2012 and 2014, a period during which she resided in Spain with Piqué and their family. Shakira contended that her primary residence remained in the Bahamas during that time and that she was otherwise engaged in international touring. In July 2021, a Spanish judge determined that there was “evidence of criminality” sufficient to bring Shakira to trial on charges of tax fraud.
In 2021, the Pandora Papers revealed that Shakira submitted applications for three offshore companies in 2019. Her representatives informed LaSexta that these applications were not intended to establish new companies but were part of the process of dissolving existing ones. They asserted that the companies had no income or activities and that Spanish authorities had been informed of their existence.
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On 20 November 2023, at the commencement of the trial, Shakira settled the case by paying a €7.5 million fine. In a statement, she cited her well-being and its impact on her children as factors influencing her decision.
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Go here to read more:
https://en.wikipedia.org/wiki/Shakira
Photo: Shakira – Ivors Academy award
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