Jose Carlos Ruiz Cabanes is a principal associate in the tax practice, where he is a member of the Financial Institutions, Fintech, Private Equity, Insurance and Telecommunications & Media industries.
He provides ongoing tax advisory services to individuals and domestic and multinational groups from the financial, fintech, insurance, private equity, venture capital, advertising, engineering, media and other services sectors.
He is in charge of the Financial Institutions industry group in the Tax Department and is a member of the Garrigues Fintech Hub and Blockchain interdisciplinary team. He also belongs to the Accounting Law, International Taxation, and Mergers, Acquisitions and Restructuring service lines.
He has taken part in all kind of transactions as part of the reorganization of the Spanish financial industry (including acquisitions and transfers of loan and real estate asset portfolios, divestments, business transfers, international restructuring transactions, subsidiarizations, etc.). He has significant experience in general in the taxation of financial institutions and insurance companies, as well as in all tax aspects relating to capital markets and financial products. He is an expert in the legislation regulating the monetization of deferred tax assets (DTAs). He has also advised financial institutions on the structure of all kinds of investment vehicles, financial assets, structured and derivatives products.
In addition, he has extensive experience in business reorganizations of all kinds, Due Diligence processes, structured financings, project finance and other corporate finance transactions. He has participated in numerous domestic and international M&A transactions. He has advised private equity firms on all kinds of corporate acquisition projects, participating on numerous occasions in designing structures for the acquisition of companies, businesses or assets, the reorganization of groups or refinancing processes.
He also provides advice in tax management, inspection, penalty, claim and appeal proceedings before administrative bodies and courts at all levels.
Since 2008, he has lectured on financial and cost accounting in the Business Administration and Law (E2 and E3) degrees at the Pontifical University of Comillas, ICADE of Madrid. He also lectures on the taxation and accounting of banks and insurance companies in several masters at that university.
Since 2007, he has been a lecturer in several courses at the Centro de Estudios Garrigues and other training centers in programs on accounting, taxation of financial products, new tax developments and other matters.
He is a member of the Madrid Bar Association and of the Madrid Economists Association.
Degree in Law (2004) and Business Administration (2005), Universidad Pontificia Comillas (ICADE E-3).
Numerous publications in specialist tax journals.
Including most recently: “Analyzing new bills on digital services and financial transactions”, International Tax Review, published on April 6, 2020; “How available-for-sale financial assets will disappear” (*), Expansión blog, published on January 14, 2020; “Senate promotes automatic and fiscally neutral transfer to clean classes” (*), Funds People, published in December 2018; “Accounting treatment of financial assets is simplified with partial adaptation of IFRS 9” (*), Expansión blog, published on October 30, 2018; “IFRS 9: arrival in Spain of the expected loss model. First implementation with Bank of Spain Circular 4/2017 and some tax considerations” (*), Técnica Contable, published in April 2018; “Losses for corporate income tax purposes 2017: first and second part” (*), Estrategia Financiera, published in June 2017; “The reform of timing allocation for CIT deduction regarding certain temporary differences and conversion of certain DTAs into credits against the Tax Authorities” (*), Estrategia Financiera, published in 2016; or “The new timing allocation for CIT deduction regarding certain temporary differences and conversion of certain DTAs into credits against the Tax Authorities” (*), Estrategia Financiera, published in February 2014.
“The attribution of profits to permanent establishments”, chapter of the book “Taxation of transfer pricing (related-party transactions)” (2019) (*), Ed. Centro de Estudios Financieros.
“Present and future of the role of the tax advisor under the new challenges arising from the Global Society” (*). 2012. Challenges for Lawyers under the Global Society (2012), published by Civitas - Thomson Reuters.
(*) Originally published in Spanish. See Spanish version of CV for more details.