Liechtenstein Scandal Update
March 4, 2008 | Leave a Comment
An update to the story earlier - http://spanish-taxes.co.uk/spain/liechtenstein-fraud-probe-spreads-to-spain-as-tax-office-picks-up-trail/
The Spanish tax office confirmed at the weekend that it has obtained the names of 100 Spanish citizens believed to have evaded taxes in Liechtenstein
3 March 2008
MADRID - The Spanish tax office confirmed at the weekend that it has obtained the names of 100 Spanish citizens believed to have evaded taxes in Liechtenstein, becoming the 15th country involved in an international probe into fiscal fraud in the Alpine principality.
Controversy Surrounds Spanish Tax Cut Vows
January 30, 2008 | 1 Comment
With less than six weeks to go before a hard-fought general election in which the economy has moved centre stage, Spaniards are being showered with promises of tax cuts. But as government and opposition compete with prospective tax breaks, the electorate’s response remains wary.
José Luis Rodríguez Zapatero, the Socialist prime minister who is seeking re-election on March 9, is facing a barrage of criticism this week after promising a €400 ($591, £297) tax rebate for 13m wage earners and pensioners. The measure is expected to cost €5bn, or one-quarter of the government’s fiscal surplus of 2 per cent of gross domestic product.
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Overseas Pension Transfers
January 4, 2008 | Leave a Comment
If you have deferred benefits in the UK they will either come from a personal pension or from an occupational pension scheme.
Both will entitle you to some tax free cash with the balance of the fund to be used to provide an income either via an annuity or via income withdrawal.
Taxing Issues
November 28, 2007 | Leave a Comment
As Benjamin Franklin once said, ‘in this world, nothing can be said to be certain, except death and taxes’. It is true that there is no escape from some taxes, but it is possible to avoid others and man has been attempting to do so since time immemorial. Over recent years, however, it has got considerably harder and the first decade of the twenty first century could well be remembered for the death of banking secrecy. Read more
Inflation Matters
November 28, 2007 | Leave a Comment
Can you remember how much you were earning in 1977? Depending on your job and age it could have been £50 per week, £70, a £100 or perhaps more. In 2007 these amounts would barely cover the weekly supermarket bill.
How much would your 1970s salary buy you today? Would you like to be living on the wages you earned in 1977 but still have to pay today’s prices? It’s a frightening thought. That’s inflation for you.
Healthcare ‘Deficient’ In Expat Regions
November 28, 2007 | Leave a Comment
Spain’s national health service is usually lauded by expats, who praise its speed and efficiency. It may come as a bit of a surprise, therefore, to see that Spain’s Federation of Associations in Defence of Public Health, FADSP, rate the service offered in two of the most popular Autonomous Communities with expats - Murcia and the Canaries - as ‘deficient’.
Lower Taxes For Some Valencian Towns
November 28, 2007 | Leave a Comment
Rural land was reclassified for development, causing taxes to rise sharply, but is being reclassified as rural.
