News Shakira Settles Tax Fraud Case to Prioritize Children's Well-Being
Shakira Settles Tax Fraud Case to Prioritize Children's Well-Being
International pop sensation Shakira has reached a settlement in a high-profile tax fraud case with Spanish authorities. Facing serious consequences, including up to eight years in jail and a substantial fine, the 'Hips Don't Lie' singer chose to resolve the matter on the first day of her tax fraud trial in Barcelona. The settlement involves a three-year suspended sentence and a $7.5 million fine, marking the culmination of a legal battle that accused Shakira of failing to pay 14.5 million euros in income taxes between 2012 and 2014.
Acceptance of Settlement
Shakira informed presiding magistrate José Manuel del Amo about her acceptance of the settlement during the trial. The resolution, accompanied by a significant financial penalty, has spared the Colombian artist from the severe legal consequences she could have faced if found guilty.
Settlement for the Sake of Her Children
In a detailed statement, the 46-year-old singer expressed her commitment to defending her innocence but ultimately chose to settle the case for the sake of her children. Shakira stated that her decision was driven by the best interest of her kids, emphasizing that they did not want to witness their mother sacrificing her personal well-being in a prolonged legal battle.
Maintaining Innocence and Criticizing Authorities
While accepting the settlement, Shakira maintained her innocence, highlighting her career-long commitment to doing what's right and setting a positive example. She criticized Spanish tax authorities for pursuing the case, claiming they have targeted numerous high-profile individuals, including professional athletes. Shakira alleged that such cases drain people's energy, time, and tranquility over extended periods.
Central Issue: Residency Dispute
Central to the tax fraud case was the dispute over Shakira's residency between 2012 and 2014. Prosecutors argued that Spain was her main residence, accusing her of listing it elsewhere to evade taxes. The case raises questions about the residency criteria under Spanish law, where individuals spending more than six months in the country are considered residents for tax purposes.
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