What is Tax Evasion and why is Shakira investigated in Spain?

    Reports say, Shakira might go to trial.

    According to Catalonia’s authorities, there’s enough evidence to judge Shakira on trial for six tax crimes.

    The Spanish authorities believe Shakira hid her 2012, 2013, and 2014 taxes by showing she was not an official resident of the European country.

    The evidence shows Shakira had several entities in tax haven countries.

    Information released by the BBC shows that Shakira can still make a deal with the authorities.

    Shakira’s Penalty Fee:

    In 2018, the Colombian singer paid $20 million for “tax irregularities” from 2011.

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    In a press release signed by her lawyers, Shakira’s legal team confirmed they will prove her innocence on trial.

    “Shakira’s conduct in tax matters has always been impeccable in all the countries in which she has had to pay taxes, and she has trusted and faithfully followed the criteria of the best specialists and expert advisors,” the lawyers mentioned.

    “It is also worth remembering that there is no debt with the Spanish Treasury since he proceeded to pay the amounts as soon as he knew the amount that, according to the Spanish Tax Agency, he had to pay.”

    What is Tax Evasion?

    According to Spanish law, tax evasion is not paying taxes, not declaring the corresponding taxes, obtaining tax advantages in incorrect ways, and obtaining refunds without them corresponding.

    The amounts for tax fraud exceed 120,000 Euros.

    The penalties go from one to five years in prison and an additional payment of a fine up to six times the amount of money involved.

    However, tax fraud below these amounts does not go unpunished.

    Tax fraud below 120,000 Euros has penalties through the administrative process, not through criminal proceedings.

    Shakira spent more than six months living in Spain.

    The Spanish law considers a fiscal resident all people that spend more than six months in Spanish soil.

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