Publications - Tax
Tax Commentary 4-2014
Tax reform bills – Main new features compared with prior preliminary bills
The technical explanation of the 2013 protocol to the Spain-US tax treaty has been published
It is usual practice in the United States after a tax treaty is signed for the parties that negotiated it to prepare a document providing a technical explanation of the treaty’s provisions. The Internal Revenue Service adopts this technical…
Tax Commentary 3-2014
Urgent measures for growth, competitiveness and efficiency
Tax - Mexico Commentary 1-2014
Mexican Tax Reform 2014
Tax Reform: Preliminary bills to overhaul a range of tax concepts
On June 20, 2014, the Cabinet of Ministers approved four preliminary bills which propose a root-and-branch reform of several taxes.
Labour Commentary 8-2014
The aim of Royal Decree 475/2014, of June 13, 2014, on reductions to the social security contributions of research personnel (published in the Official State Gazette on June 14, 2014) is to establish a 40% reduction to employer social security…
Spain: A holding company’s paradise: New corporate income tax legislation in the Basque Country
The Basque Autonomous Community in Spain, comprising the territories of Alava, Biscay and Gipuzkoa (the Basque Country) has powers to enact its own particular corporate income tax (CIT) legislation and has used those powers to create a very…
Tax Commentary 2-2014
On March 14, 2014, the Spanish cabinet was presented with the report by the committee of expertson the reform of the Spanish tax system. The report’s stated aim is to set out a number of taxreforms that will allow for fiscal consolidation and make…
New tax measures affecting holdings in subsidiaries
The Spanish Parliament has just enact new tax measures, which will have a significant impact on the way Spanish companies have traditionally structured their investments via holdings in domestic or foreign subsidiaries.
Tax Commentary 1-2013
Law 16/2013. Environmental taxation measures and other tax measures
Recent tax reforms in Spain: Time to review your structure?
Recent months have seen a flurry of activity by the Spanish government in the tax area. On the one hand, as we have been pointing out in earlier articles, various tax laws are being amended; on the other, Spain is renegotiating, one by one, the…
The spanish financial goodwill on the acquisition of foreign companies as state aid (again?)
On July 17, 2013, the EU Commission announced the commencement of a new state aid investigation procedure concerning the amortization of the financial goodwill regulated in article 12 (5) of the Spanish Corporate Income Tax Law (the “CIT Law”). This…