shakiShakira is linked to the Paradise Papers according to what has been released.

Her music rights sit tight with a Maltese company registered at Kalkara’s SmartCity.

Evidence that the pop icon transferred her music rights to a Maltese-registered company in 2009 emerges from the Paradise Papers leak. Tournesol Limited received the rights to the Colombian singer’s musical assets, intellectual property and trademarks, valuing them at 37 million dollars, in July of that year, from another Shakira-owned company in Luxembourg.

The documents show the two firms transferring the money as part of an ‘interest-free loan agreement.’

“The Maltese company Tournesol Limited fulfils all legal requirements to operate as such. All of the corresponding information relative to this entity is public and transparent,” one of Shakira’s lawyers said when asked about the singer’s tax arrangements.

Shakira’s Maltese connection had already been hinted at back in 2013, when her ex-boyfriend and former business partner Antonio de La Rua had filed court documents detailing financial arrangements as part of a court case against the singer.

The Paradise Papers are a leak of 13.4 million documents received by German newspaper Süddeutsche Zeitung detailing the schemes used by wealthy individuals and corporations to lessen their tax burden. The documents have been shared with the International Consortium of Investigative Journalists and its collaborative network of 96 news outlets across the world.

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