Popular superstar Shakira reached a settlement in her tax evasion case with Spanish authorities on Monday, avoiding a trial that was set to begin.
The agreement, confirmed by all parties, was announced at the start of court proceedings in Barcelona. It covers tax issues for the years 2012 to 2014.
Regarding the trial, she stated, ‘I had two options: keep fighting until the end, jeopardizing my peace of mind and that of my children, stop creating songs, albums, and touring without being able to enjoy my career and the things I love; or agree, close, and leave this chapter of my life behind, looking forward to the future.’
According to Spanish prosecutors, Shakira allegedly failed to pay personal income and wealth tax during her stay in Spain between 2012 and 2014, currently valued at about $15.6 million. Her stay in Spain for more than 200 days each year made her liable to pay taxes.
The Colombian pop star paid a fine of €7.5 million (£6.5 million), avoiding a jail term of eight years and a fine of €23.8 million (£20.8 million) if found guilty.
Although she had previously maintained her innocence, Shakira chose to give up the fight for the sake of her children and physical well-being.