Colombian singer Shakira has won a significant case in Spain's High Court which ruled the Spanish authorities failed to prove she spent enough time in the country during 2011 to qualify as a tax resident. The ruling overturns an original fraud penalty of €55 million ($70 million), transforming it into a refund for the same amount, including fines and interest, illustrating the growing complexity of cross-border taxation and potential government scrutiny on globally mobile high-net-worth individuals.
When Shakira sang “Hips Don’t Lie,” she probably did not expect tax residency calendars to become the real chart-toppers of her life. Yet for nearly eight years, the Colombian superstar found herself trapped in a legal remix that turned tour schedules, In...
Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
Unlock Annual Access to News & CPE Subscription
You’ve reached the 3 free-content piece limit. Unlock unlimited access to all News & CPE resources. Subscribe Today.
Experience MYCPE ONE at its best! Upgrade your browser for a more interactive, user-friendly interface, and stay ahead in your professional development journey.