Colombian pop star Shakira has agreed to pay a €7.5m fine in a deal to settle her longstanding tax fraud case. Spanish prosecutors had wanted to jail her for eight years and fine her €23.8m (£20.8m) if found guilty, but yesterday (20 November), she settled as her trial was about to start. She acknowledged six counts of failing to pay the Spanish government €14.5m in taxes between 2012 and 2014 and agreed to pay a fine of 50% of the amount owed, more than €7.3m and another fine of €438,000 to avoid a three-year prison sentence during the trial's first hearing. In a statement, the H...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
