Shakira’s taxes don’t lie as singer wins £48m tax row Tax A Spanish court has ordered the country’s tax authority to repay Colombian singer Shakira £48m after ruling that it had improperly collected the money in a dispute over her tax payments. In a statement published today, Madrid’s National Court said it has upheld Shakira’s appeal against the fine she was hit with five years ago, after [...]
HSBC to cough up £230m over dividend tax-fraud claims Banking European banking juggernaut HSBC is set to cough up nearly £230m to settle an investigation relating to tax-fraud claims. The FTSE 100 titan was accused of helping foreign investors evade taxes on dividends through a sophisticated financial manoeuvre known as ‘cum-cum’ trading. This relates to a series of transactions between 2014 and 2019, which were [...]
Ancelotti in Spanish court accused of €1m tax fraud Sport Business Real Madrid coach Carlo Ancelotti will tomorrow appear in court accused of tax fraud of more than €1m. The 65-year-old former Premier League manager will stand trial in Madrid on charges of defrauding the Spanish tax office to the tune of £836,857 in undeclared earnings from image rights a decade ago. The trial is expected [...]