International pop star Shakira has reached a deal with prosecutors in Barcelona, settling her tax fraud case and avoiding prison time.
Initially facing a potential eight-year prison sentence and a substantial fine, she agreed to a three-year suspended sentence and a smaller fine.
Shakira emphasized her decision to resolve the matter for the well-being of her children and expressed frustration over the tax authorities’ pursuit of the case. (Trending: Biden Baffles Thanksgiving Guests With Bizarre Joke)
“Throughout my career, I have always strived to do what’s right and set a positive example for others. That often means taking the extra step in business and personal financial decisions to procure the absolute best counsel, including seeking the advice of the world’s preeminent tax authorities such as PricewaterhouseCoopers International Limited, who advised me from the start, and subsequently Ernst & Young Global Limited,” she said.
“Unfortunately, and despite these efforts, tax authorities in Spain pursued a case against me as they have against many professional athletes and other high-profile individuals, draining those people’s energy, time, and tranquility for years at a time.”
“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, including my upcoming world tour and my new album, both of which I am extremely excited about. I admire tremendously those who have fought these injustices to the end, but for me, today, winning is getting my time back for my kids and my career,” her statement added.
The agreement includes a 7 million euro fine and an additional 432,000 euro penalty.
She is also facing separate tax evasion charges related to her 2018 income.
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