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#ParadisePapers: residency for sale to the rich and famous

Among the scandals exposed by the Paradise Papers is that of residency for sale, something I covered just last month (along with passports for sale) as a special feature in our monthly podcast and radio show, the Taxcast, which you can listen to below.

The name Shakira Isabel Mebarak Ripoll showed up in leaked Paradise Papers documents. Like many other famous names exposed, the pop star Shakira appears to have used a series of structures and mechanisms to manage her wealth and assets, in her case via Malta and Luxembourg.

The Guardian newspaper also reports that although she now lives in Barcelona, Spain, she’s listed as resident of the Bahamas:

Asked about her listed residence in the Bahamas, the lawyer added that as an international artist Shakira had lived in a variety of places “throughout her professional career and, in every case, has fully met the laws of all the jurisdictions where she has resided”.”

No doubt she has. And it appears she once lived in the Bahamas a number of years ago. But why would a person continue to be listed as resident in such a location, yet not really

— source taxjustice.net | Naomi Fowler | 10 Nov 2017

Nullius in verba


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