International pop sensation Shakira has reached a settlement in a high-profile tax fraud case with Spanish authorities. Facing serious consequences, including up to eight years in jail and a substantial fine, the 'Hips Don't Lie' singer chose to resolve the matter on the first day of her tax fraud trial in Barcelona. The settlement involves a three-year suspended sentence and a $7.5 million fine, marking the culmination of a legal battle that accused Shakira of failing to pay 14.5 million euros in income taxes between 2012 and 2014.