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Shakira is heading to the courtroom over tax fraud

Published

2 years ago

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Music icon Shakira will stand trial in a Spanish court over allegations of tax fraud

Columbian music sensation Shakira will stand trial court over allegations of tax fraud, which amount to €14.5m.

Spanish prosecutors are seeking jail time and a nearly €24 million in damages if the 45-year-old singer is found guilty.

The singer allegedly evaded €14.5 million in tax but is denying any wrongdoing.

“I am confident that I have enough proof to support my case and that justice will prevail in my favour,” she recently tole Elle magazine.

She will stand trial for her involvement in six alleged tax crimes but a court date has not been set.

Her legal team said they will be “presenting arguments at the appropriate time”.

Shakira had previously rejected a deal offered by prosecutors, instead opting to go to trial.

Spanish law states people are considered residents for tax purposes if they spend more than six months living in the country.

Prosecutors claim Shakira bought a property in Barcelona 10 years ago in which she lived at the time.

However, the artist said she has not lived in Spain for such a period of time.

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Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Leaders

Elon Musk is projected to become the world’s first trillionaire

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8 hours ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

Published

11 hours ago

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September 9, 2024

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Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

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Leaders

Trump promises to slap unprecedented tariffs on foreign allies

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13 hours ago

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September 9, 2024

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Former President Donald Trump has promised to slap unprecedented Tariffs on foreign allies, including the European Union, if he wins the 2024 presidential election.

Trump pledged to reduce the corporate tax rate from 21% to 15% for companies that make their products in the U.S.

While he had already said he wanted to cut the corporate tax rate to 15%, he had not previously tied that lower rate to keeping manufacturing inside the country. #featured #trending

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