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Shakira concludes a tax agreement with the Government of Spain, with an option of fine worth $19 Million.


Renowned singer Shakira finally comes to a tax settlement with the Spanish Government over a tax avoidance case that had dragged on for a considerable number of time. She also made it possible for her to avoid jail and maintain a clean sheet.


The Spanish Government has been in a quarry with Shakira for some time over the case of owed taxes worth $15.8 Million. They claimed she should have paid these taxes between 2012 and 2014, during which the singer was alleged to have been staying in Barcelona. Shakira however denied the allegation.





Presently, the pop goddess settled with the Government and accepted to pay the total sum of $26.6 million, consisting of back taxes worth $19 million and an equivalent of $7.6 million as a fine. This is exclusive of the money she had paid previously.

Additionally, she is also expected to pay a fine of $472,000 that is particularly set aside for suspending her jail sentence.


Shakira released a press statement in which she told fans that she had accepted the deal with the Government to "save my children seeing their mother sacrifice her well-being." She continued in the statement:


"I need to move past the stress and emotional toll of the last several years and focus on the things I love, my kids and all the opportunities to come in my career…I admire tremendously those who have fought these injustic byes to the end, but for me, today, winning is getting my time back for my kids and my career."


The Spanish Prosecutors were suing Shakira for double the fine that she accepted to pay, so the plea bargain was in her favour. It is quite plausible to pay the fines and avoid jail since her current net worth is equivalent to $300 million. 


However, Miriam Company, her Defence Attorney says she could have succeeded in court based on the significance of her case: 


"Her legal team had prepared the trial and were convinced we could demonstrate her innocence, but the circumstances changed and Shakira opted to accept the deal."


As of this writing, the extended tax avoidance case between the Government of Spain and Shakira has finally been settled.

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