Shakira Settles $15 Million Spanish Tax Fraud Case Day Before Trial

According to billboard.com, today artist Shakira has allegedly agreed to deal with Spanish authorities on on the alleged first day of an alleged $15 million tax fraud trial in Barcelona that allegedly could have sent the artist to prison. According to the Associated Press, allegedly after maintaining her alleged innocence for five years, the Shakira allegedly agreed to an alleged last-minute agreement by allegedly telling the alleged  presiding magistrate, José Manuel del Amo, that she has allegedly accepted the alleged agreement with prosecutors.

The singer allegedly answered “yes” to allegedly confirm her alleged acknowledgement of allegedly failing to pay the Spanish government 14.5 million euros in alleged taxes between 2012 and 2014. Under the alleged agreement, Shakira will allegedly receive an alleged suspended three-year sentence and allegedly pay a $7.6 million fine.

In a alleged statement shared with Billboard, Shakira allegedly said that throughout her career she allegedly has always strived “to do what’s right and set a positive example for others. That often means taking the extra step in business and personal financial decisions to procure the absolute best counsel, including seeking the advice of the world’s preeminent tax authorities such as PricewaterhouseCoopers International Limited, who advised me from the start, and subsequently Ernst & Young Global Limited.”

Shakira allegedly adds that despite the alleged efforts, Spanish tax authorities allegedly pursued a case against her, “as they have against many professional athletes and other high-profile individuals, draining those people’s energy, time, and tranquility for years at a time.”

Shakira also allegedly mentioned that she was allegedly determined to defend her alleged innocence at the alleged trial where her lawyers allegedly were confident she would allegedly prevail but they allegedly decided to finally resolve the alleged matter with the “best interest of my kids at heart who do not want to see their mom sacrifice her personal well-being in this fight.”

According to the AP News, the alleged trial that would have allegedly included more than 100 witnesses over the next few weeks to be allegedly  adjourned after just eight minutes. Back in July, prosecutors allegedly said they would allegedly seek an eight year prison sentence and a fine of $26 million for the singer, with the alleged case hinging on where Shakira allegedly lived during the alleged period in question.

Prosecutors also alleged that the star allegedly spent more than half of that time in Spain and should have therefore allegedly paid taxes on her alleged worldwide income in the country despite allegedly listing the Bahamas as her alleged official residence. It has been allegedly noted that the alleged tax rates are much lower in the Bahamas than in Spain.

Cait Stoddard: Hello! My name is Caitlin and my job is writing music news stories and reviewing metal music albums. I enjoy collecting vinyl, playing video games, watching movies and going to concerts.
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