Singer Shakira and supermodel Claudia Schiffer are among the top-class personalities whose financial transactions were examined in the Pandora Papers Leak.
The papers, sourced by the International Consortium of Investigative Journalists (ICIJ), are a collection of 12 million documents from 14 financial services companies detailing how several people have used offshore accounts to amass wealth and conduct transactions.
The Pandora Papers, the result of an 18-month investigation, uncovered the financial affairs of 35 current and former world leaders and more than 330 politicians and officials, as well as “a global lineup of refugees, fraudsters and murderers.” according to the ICIJ report.
Newspapers examined by journalists from more than 100 news outlets allege that Shakira placed assets in offshore units in the British Virgin Islands.
However, a Shakira lawyer – Shakira Isabel Mebarak Ripoll’s full name – has stated that the Colombian singer has declared her companies that, according to the ICIJ, do not offer any tax breaks.
Similarly, representatives of German fashion star Schiffer responded to the report by saying the star pays her taxes in the UK, where she is based, according to the ICIJ.
Newsweek has requested comments from representatives from Shakira and Schiffer.
Also on the list is King Abdullah II of Jordan, who is accused of secretly building a secret $ 100 million empire between the United States and Great Britain. The King of Jordan said in response to the report that there is no inappropriateness in owning real estate through offshore companies, according to The Guardian.
With the files covering the financial activities of public figures in more than 91 countries and territories, close collaborators of Russian President Vladimir Putin and more than 130 billionaires from Russia, Turkey and the United States, among others, were named in the newspapers.
World leaders include the Presidents of Ecuador, Kenya and Ukraine, the Prime Minister of the Czech Republic and former British Prime Minister Tony Blair.
(LR) Supermodel Claudia Schiffer and singer Shakira are among a number of public figures whose financial transactions were examined in the newly published Pandora Papers.
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The Pandora Papers are the latest headlines focusing on Shakira’s financial affairs after it was revealed in July that a Spanish judge recommended her to prosecute for tax evasion in the country.
Shakira is accused of avoiding taxes totaling 14.5 million euros (around $ 16.4 million). She was accused by prosecutors of not paying taxes between 2012 and 2014 despite having her tax residence in Spain.
“Shakira Isabel Mebarak Ripoll stopped paying taxes in Spain in 2012, 2013 and 2014, although she was obliged to do so because her tax residence was here,” El País quoted judge Jesús Juberías in court records.
In response to the allegations, Shakira replied that during the years in question she had lived in the Bahamas, where no income tax was paid, and that she only visited Spain “sporadically”.
However, prosecutors have stated that the singer lived in Barcelona as she was in a relationship with soccer star Gerard Piqué, who has played for La Liga club FC Barcelona for several years.
In a previous statement, Shakira officials said the Whenever, Wherever singer made most of her money on international tours and had lived in Spain for no more than six months a year.
“Shakira has always met her tax obligations in all of the countries she worked in, including between 2011 and 2014,” the statement read The Daily Mail. “She followed the opinions and precise recommendations of her advisors, who are high-profile professionals from one of the largest companies in the world.”
Shakira performs on stage during the Pepsi Super Bowl LIV Halftime Show at Hard Rock Stadium on February 02, 2020 in Miami, Florida. The star is on trial in Spain for tax evasion.
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