this post was submitted on 19 Feb 2024
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Harsh, her story isn't exactly nefarious.
She lived in the Bahamas until she had her kids, then moved to Spain primarily to raise her kids for 3 years but still used the Bahamas as her primary address.
Spanish tax investigators were unable to prove that she lived for 183 days within Spain, which should have been the Spanish physical presence test to prove Shakira lived in the country long enough each year to owe Spain taxes, but they could prove that she definitively didn't live in the Bahamas.
Shakira reached a deal with Spanish authorities to pay over half the amount of taxes they initially asked for, likely because they couldn't even prove that she was in the country for the amount of time she would have needed to be in the country to be legally required to pay taxes.
She still paid over $8 million for three years of corrective taxes to Spain.
Not harsh. Rich people have zero excuses for this sort of thing. I don’t believe for one moment that an internationally known musician rich enough to owe millions in taxes is doing their own accounting.
She has people managing her money, of course she, or at least the money jugglers, are fully aware of the legal framework in which they operate trying to avoid paying taxes.
Oh so after getting pressure applied to her she paid half her taxes?
Half fuck her than, plus a bit of interest fuck for delaying the process.
Seriously that's just rich people money hiding. Especially as the Bahamas are a well known tax haven.
No, not half her taxes, half the tax service's estimate of her being in the country for the time there is no proof of her being in that country, even after going through her social media for location clues.
After being pressured to participate in a trial based on the physical presence test by a tax service that couldn't prove she passed the physical presence test, she voluntarily paid over half of the taxes they were asking rather than undergoing the trial.
The tax service agreed, meaning she paid 100% of her tax obligation for those years she was under investigation for.