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The opinions of Garrigues’ professionals are highly sought after by the media, whether in the form of professional articles or interviews.
Article by Álvaro de la Cueva and Carlos Gómez-Barrero, partners of the Tax department of Garrigues in Madrid ('elderecho.com'). CONTENT IN SPANISH
Flexible compensation permits employees to decide how to receive their salary, replacing part of their cash salary (where certain statutory requirements and limits are met) with certain items of salary in kind, which are also advantageous from a tax standpoint (health insurance, meal vouchers, transport card, childcare services or training), while increasing their net disposable income, without entailing a higher payroll cost for the company.
The compensation paid to directors and executives is a matter of growing public interest. Regulatory and supervisory bodies, institutional shareholders, and proxy advisors are all paying particular attention to the compensation policies in place for board members and senior company executives, viewing such policies as a reliable indicator of the quality of a listed company’s corporate governance.
The Spanish Supreme Court has concluded that it is not appropriate to waive the Court jurisdiction from the defendant’s domicile (in this case Italy), which had ruled against the claimant, by creating a link with another entity that it is domicile in another European country (in this case Spain), when that connection is not sufficiently direct.