Shakira Implicated in the Paradise Papers (Spanish Interview)

Leandro Barbuscio, CPA | Featured in Telemundo | November 9, 2017

Watch Telemundo’s interview with Kaufman Rossin’s Leandro Barbuscio.

According to the Paradise Papers, Shakira transferred more than 30 million Euros in musical rights to an offshore firm in Malta. The Colombian singer lives in Spain, but the papers claim she is a resident of the Bahamas.

“Having an offshore account isn’t illegal,” said Leandro Barbuscio, tax principal at Kaufman Rossin. “What is illegal is having an offshore account and not reporting it in your country of residence, or not complying with the laws established by your country of residence.”

View Telemundo’s video interview with Leandro Barbuscio to learn more.

 

Leandro Barbuscio, CPA, is a International Tax Principal at Kaufman Rossin, one of the Top 100 CPA and advisory firms in the U.S.