Spain to Remove Gibraltar From Tax Haven Blacklist After 35 Years
6 Articles
6 Articles
Spain to remove Gibraltar from tax haven blacklist after 35 years
The Spanish government has announced that they will be finally taking Gibraltar off their blacklist for tax havens, or basically, their list of “non-cooperative jurisdictions for tax purposes”. This change will a placement that lasted since 1991 and free up the soon-to-be opened border to more trade and employment opportunities. Gibraltar now satisfies Spanish rules on fiscal transparency and tax… Source
According to the text, the Peñón "complys with the criteria of tax transparency and tax equity required by Spanish legislation." More information: The Gibraltar Treaty removes the Verja, subjects the colony to EU supervision but shields British sovereignty.
Workers earning less than €60,000 a year will no longer have to pay the Spanish tax authorities the difference between what they have already paid in Gibraltar and the tax they have already paid there. Juan Franco predicts that the measure "will improve sales and consumption" in La Línea. The Spanish Government
The Ministry of Finance has submitted to a hearing and public information an order updating the Spanish list of tax havens, a process during which contributions may be submitted until 1 June. The revision is part of the periodic updating of the list, which takes into account regulatory changes and advances in tax transparency at the international level. In the framework of this amendment, the department headed by Arcadi España proposes the depar…
The Spanish Ministry of Finance will submit for public consultation the draft Ministerial Order that proposes to exclude Gibraltar from the list of tax havens by considering that it "complys" with "the criteria of tax transparency and tax equity required by Spanish legislation".
The government is preparing to update the list of countries that Spain lists as tax havens, with two important developments on its agenda. On the one hand, the Treasury foresees...
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