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Lowtax Blogs Tagged 'Spain (ES)'

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  • Spain is still a key player in the EU business scene

    Spain is still a key player in the EU business scene

    Healy Consultants Group PLC

    05 Dec, 2016

    Despite recent economic hiccups, political and corruption controversies, Spain remains a key business partner for many economies in Western Europe and globally. Positive notions have been evaluated by business analysts...
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  • commitment and action are not the same thing

    commitment and action are not the same thing

    Kitty Miv, Editor

    26 Jul, 2016

    The UK's process of decoupling from the European Union is much alike a marital breakdown or separation from a long-term partner. Everyone knows the scenario: two partners are coexisting with each other, unhappily...
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  • Take Your Hands Out Of Your Pockets!

    Take Your Hands Out Of Your Pockets!

    Global Tax Insights

    03 Mar, 2014

    Spain and Italy are both in tax-cutting mode this week, the former more convincingly than the latter. By the time you've climbed to the top of the greasy pole, you've probably had to shed most of your principles (if you ever had any) as "not wanted on voyage," and in any case you can only go as fast as your party and the economy you inherited will allow you.
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  • Tilting At Windmills

    Tilting At Windmills

    Global Tax Insights

    29 Jan, 2014

    Spain's Rajoy has promised income tax cuts in 2015, so half a cheer for him for at least talking the talk. But will he walk the walk? Perhaps more credibly, the Finance Minister would only say that he is not planning a VAT rise "for now." If they weren't politicians, they wouldn't even begin to consider lowering taxes at this moment in history: the deficit for 2013 was probably just over 6 percent, while debt was 84 percent of GDP in 2013 and is expected to rise to 94 percent in 2014. While these figures aren't as catastrophic as those for Greece (and Italy's debt stands at 135 percent of GDP and rising), they are quite frightening. What they ought to do, of course, is to cut public spending, even though that would increase already massive unemployment (26 percent).
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  • EU Membership For Spangaltar!

    EU Membership For Spangaltar!

    Global Tax Insights

    22 Nov, 2013

    I'm going to give an award to the European Union for its refusal to rise to Spain's allegations against Gibraltar's low tax regime, alongside the measured acceptance by an EU delegation of new Spanish border controls, which everyone realizes are a tit-for-tat response to Gibraltar's dumping of concrete blocks into its harbour, for some obscure purpose which may possibly have something to do with fishing. The EU is the only party to this imbroglio that has shown a modicum of grown-up common sense. Gibraltar, encouraged by the UK, and Spain, seem incapable of rational behaviour on the subject of Gibraltar's sovereignty. What meaning can be attached to the idea of European unity when this 400-year-old squabble is allowed to smoulder on by two of the EU's largest member states? Spain's tax complaint was curious, given that Gibraltar's tax regime has
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  • Joining the European Union was an act of submission

    Joining the European Union was an act of submission

    Kitty Miv, Editor

    19 Jul, 2012

    Company law is a fairly dull subject, but nothing is more infuriating than having to negotiate your way through forests of ambiguous, bureaucratic legislation when trying to set up a new company, organize a takeover or issue shares. It's good for lawyers of course, but in the end even they should probably be in favour of simplicity, because if no-one wants to set up in your jurisdiction there won't be any work at all! Hong Kong is near the end of a comprehensive re-write of its companies law, which will considerably improve clarity and transparency. Not that the old law seems to have stopped new entrants from flooding in.
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  • My personal theory is that they gave up on government after Napoleon

    My personal theory is that they gave up on government after Napoleon

    KITTY MIV, EDITOR

    14 Jun, 2012

    Let's hope that the Indian Aviation Ministry's promise to cut aviation taxes is not just a ploy to get attention from the parts of the government that do actually have the power to get things done, meaning the Finance Ministry and, er, well I am sure there must be some others if only I could think of them. There's no question that the Indian aviation sector has lagged behind China, and that there are plenty of taxes on aviation. But so there are in China, the USA and the EU, to pick some places where aviation is sprinting ahead, in volume terms, at least. The Finance Minister, looking at the 11% growth in passenger numbers that India has clocked up in recent years, may think his largesse might be better spent elsewhere. We'll see. What the Indians ought to do, but won't, is to hold an international fire-sale of their clapped-out airlines, alongside a bonfire of useless regulations.
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  • Neither could remember whether they had ever eaten one

    Neither could remember whether they had ever eaten one

    Kitty Miv, Editor

    31 May, 2012

    The UK wins this week's first encomium for abolishing a tax. Mind you, the government hadn't much choice after it was heaped with ridicule during 'pastygate'. In England, pasties are a rather down-market food often bought by poorer people hot from take-aways, big on pastry and potato, with a token piece of meat hiding somewhere in the middle. Operators of take-aways said they would let the pasties cool off before selling them (avoiding the tax) and instal diy ovens for customers to re-heat them. But the best was that neither the Prime Minister nor the Chancellor (both seriously rich toffs) could remember whether they had ever eaten one. Probably not!
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