The question shouldn't be whether he has now paid the money but why he was hiding it in the first place
http://www.nytimes.com/2011/06/17/business/global/17santander.html?_r=1&partner=rssnyt&emc=rss
A person with knowledge of the situation, who spoke on condition of anonymity, said the family had paid about 200 million euros, or $283 million, in back taxes over the last year.
Mr. Botín has been a dominant figure on the Spanish corporate scene for 25 years. He has transformed his bank into one of Europe’s largest, with significant investments in Brazil, Britain and the United States, where Santander owns Sovereign Bank.
(via Instapaper)
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