Colombia’s Shakira caught up in Paradise Papers leak

The leak by the International Consortium of Investigative Journalists (ICJ) of 13 million documents that reveal alleged tax evasion in offshore havens of the world’s most wealthy companies and people, hasn’t spared Colombian pop music icon Shakira. In the so-called Paradise Papers, the singer – songwriter from Barranquilla has her music rights with a Maltese company Tournesol Limited, which according to a report in The Times of Malta are valued at 32 million Euros (US$36 million). The Maltese-registered company owns all of Shakira’s musical assets, intellectual property and trademarks.

The singer vocalist of hits Hips Don’t lie, Waka Waka, Rabiosa and La Bicicleta lives in Barcelona with her footballer boyfriend Gerard Pique, but on paper, is listed as a resident of the Bahamas. The singer’s lawyer claims her Maltese assets are legal and in accordance with the island’s taxation laws. “The Maltese company Tournesol Limited fulfills all legal requirements to operate as such. All of the corresponding information relative to this entity is public and transparent,” said Shakira’s lawyer Ezequiel Camerini to the Spanish website El Confidential.

The pop star was forced to cancel the opening concert in Cologne, Germany, last week of her “El Dorado World Tour” citing health reasons. The singer will now kick off the tour in Montpellier on November 16 before continuing on to Spain with a concert scheduled in Barcelona. The artist born as Shakira Isabel Mebarak Ripoll is worth an estimated at $220 million