Shakira secured a major legal victory in Spain after the country’s High Court cleared her in a long-running tax fraud case linked to the 2011 tax year. The ruling ended an eight-year legal dispute and ordered Spanish authorities to return more than 60 million euros, including accumulated interest. The decision marks a significant moment for […]
tax fraud
10-year jail for tax fraud? PM to decide after key meeting
Prime Minister of Pakistan has taken serious notice of a proposal targeting traders involved in tax fraud. The proposal, included in the new Finance Bill, suggests strict penalties for those caught committing tax evasion. According to FBR sources, the plan includes the power to arrest and jail traders found guilty of fraud. This move has […]
Shakira ordered to stand trial in Spain for alleged tax fraud
Shakira is scheduled to go on trial for alleged tax fraud, according to a Barcelona judge’s order, after years of back and forth with Spanish authorities. The Colombian singer accused of defrauding the Spanish government by failing to pay 14.5 million euros ($13.9 million) between 2012 and 2014 is best known for hits like “Hips […]
Bearish sentiment continues as investors await IMF deal
Pakistan equities closed Tuesday on a bearish note with benchmark KSE-100 Index shedding 242 points, closing at 36,784 levels, down 0.7 percent. The local bourse traded and remained negative making a low of -318 points. Market remained volatile as the final round of talks between the IMF and Pakistan over a potential bailout package which […]
Shakira to be questioned in June over alleged tax fraud
Colombian superstar Shakira will be questioned by a court near Barcelona on June 12 for allegedly evading 14.5 million euros ($16.5 million) in taxes, a Spanish court said Tuesday. In a statement, the high court of Catalonia, where the singer lives with her partner, FC Barcelona footballer Gerard Pique, said she had been summoned to […]
Swiss bank UBS fined 3.7 bn euros in French tax fraud case
A Paris court on Wednesday fined Swiss banking giant UBS 3.7 billion euros ($4.2 billion) in a tax fraud case, a record for such a case in France. The bank was convicted of illegally helping French clients to hide billions of euros from French tax authorities. The trial opened last autumn after seven years of […]