#high-net-worth taxation

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Shakira Secures €55m Refund in Landmark Spanish Tax Ruling
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Shakira Secures €55m Refund in Landmark Spanish Tax Ruling

A Madrid court has ordered Spain’s tax agency to reimburse Shakira €55 million after ruling the funds were unlawfully seized during a prolonged dispute over residency-based taxation. The decision caps a five-year legal battle that exposed systemic weaknesses in Spain’s tax enforcement against high-net-worth individuals.