Shakira has recently entered the spotlight once again after reportedly being investigated by Spanish officials for tax evasion.
Shakira’s name first came up in the investigation after appearing in the Paradise Papers scandal last year.
It was in those documents that it was revealed that Shakira transferred almost 30 million pounds in musical rights to an offshore company in Malta.
It has been reported that Spanish tax authorities are asking prosecutors to look into the singer’s financial affairs over the four years between 2011 and 2014. These officials allege that Shakira has evaded paying the correct amount of tax.
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The tax agency in Spain alleges that since Shakira was living in Spain between 2011 to 2014, she is liable to pay income tax on her worldwide earnings and not just her earnings in Spain.
Shakira’s auditors, Pricewaterhouse Coopers, have confirmed the tax investigation.
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The Colombian singer’s tax advisors have said that Shakira stayed in Spain for less than 183 days during those four years which means she is not liable to pay tax on her worldwide assets.
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La Vanguardia, which is a Catalan daily newspaper, has revealed that state prosecution chiefs will now decide whether or not they agree with the Tax Agency.
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If they do, they will move forward with the legal proceedings that will be launched against Shakira.
BillboardBut within that article by La Vanguardia, Shakira’s family and friends say that the singer is more than willing to deal with the ‘economic consequences’ that they believe have arisen due to a difference in ‘evaluation criteria.’
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Shakira, who became a full-fledged Spanish citizen in 2015, is reported to have a personal fortune of over $200 million. She has been known for being a philanthropist after founding the Pies Descalzos Foundation which helps build schools for impoverished children in Colombia.
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